Horst & Graben Wealth Management LLC Trims Position in iShares Gold Trust $IAU

Horst & Graben Wealth Management LLC lowered its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 26.4% during the first quarter, Holdings Channel reports. The fund owned 40,863 shares of the exchange traded fund’s stock after selling 14,626 shares during the quarter. Horst & Graben Wealth Management LLC’s holdings in iShares Gold Trust were worth $3,599,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wills Financial Group LLC lifted its position in iShares Gold Trust by 9.8% during the fourth quarter. Wills Financial Group LLC now owns 147,134 shares of the exchange traded fund’s stock worth $11,943,000 after buying an additional 13,093 shares during the period. Hudson Oak Wealth Advisory LLC purchased a new stake in iShares Gold Trust in the 4th quarter valued at about $1,725,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of iShares Gold Trust by 13.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 829,366 shares of the exchange traded fund’s stock valued at $67,320,000 after acquiring an additional 97,852 shares during the last quarter. South Shore Capital Advisors acquired a new position in shares of iShares Gold Trust during the 4th quarter valued at about $858,000. Finally, Advisory Services Network LLC lifted its holdings in shares of iShares Gold Trust by 20.3% during the 3rd quarter. Advisory Services Network LLC now owns 207,238 shares of the exchange traded fund’s stock worth $15,081,000 after acquiring an additional 35,018 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

IAU opened at $77.37 on Wednesday. iShares Gold Trust has a 1 year low of $61.60 and a 1 year high of $104.40. The company’s 50 day simple moving average is $82.46 and its 200 day simple moving average is $87.45. The stock has a market capitalization of $63.90 billion, a PE ratio of 5.53 and a beta of 0.18.

iShares Gold Trust News Summary

Here are the key news stories impacting iShares Gold Trust this week:

• Positive Sentiment: China’s central bank added 15 tonnes of gold reserves in June, reinforcing the view that official-sector buying remains a major support for the gold market. China’s central bank buys the dip, increasing gold reserves 15 tonnes in June
• Positive Sentiment: Several forecasts and analyst notes said the recent pullback may be a consolidation phase rather than the end of the longer-term bull market, with some still projecting materially higher gold prices later this year. Gold price may have found its floor as liquidation gives way to consolidation – Saxo Bank
• Neutral Sentiment: Gold is attempting to stabilize and reclaim short-term trend indicators, but analysts say the next move depends on whether it can clear nearby resistance levels. Gold (XAU/USD) Price Forecast: Recovery Attempt Tests Major Trend Barriers
• Neutral Sentiment: Gold has also been supported at times by weaker labor data and expectations that the Federal Reserve may be less aggressive, though upcoming policy signals remain a key risk factor. Gold and Silver Price Forecast: Fed Minutes Put Breakout Levels in Focus
• Negative Sentiment: Gold has faced selling pressure as Treasury yields rose and traders waited for Fed minutes, limiting enthusiasm for the metal in the near term. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Lower As Treasury Yields Rise
• Negative Sentiment: Technical reports noted that gold continues to struggle near major resistance around the $4,200 area, suggesting the rally may remain choppy until buyers regain control. Gold price continues to struggle as U.S. ISM Services PMI falls to 54

About iShares Gold Trust

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).