iShares Gold Trust $IAU Stock Holdings Lessened by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. reduced its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 34.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,622 shares of the exchange traded fund’s stock after selling 21,421 shares during the period. Geneos Wealth Management Inc.’s holdings in iShares Gold Trust were worth $3,581,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wills Financial Group LLC raised its position in shares of iShares Gold Trust by 9.8% in the fourth quarter. Wills Financial Group LLC now owns 147,134 shares of the exchange traded fund’s stock valued at $11,943,000 after purchasing an additional 13,093 shares during the period. Hudson Oak Wealth Advisory LLC acquired a new position in iShares Gold Trust during the 4th quarter worth $1,725,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in iShares Gold Trust by 13.4% during the fourth 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 period. South Shore Capital Advisors bought a new stake in iShares Gold Trust during the fourth quarter valued at about $858,000. Finally, AllGen Financial Advisors Inc. grew its position in shares of iShares Gold Trust by 3.4% in the fourth quarter. AllGen Financial Advisors Inc. now owns 378,708 shares of the exchange traded fund’s stock valued at $30,740,000 after purchasing an additional 12,624 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about iShares Gold Trust

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

• Neutral Sentiment: Gold is trying to hold the $4,000 level after a sharp pullback, with next week likely to determine whether that area becomes a firm support zone or gives way to more downside. Markets will find out next week how firm $4,000 is as a floor for gold
• Neutral Sentiment: Fresh U.S. data, including better consumer sentiment and stronger housing starts, has eased some recession fears and reduced the immediate safe-haven bid for gold. Spot gold hits session high near $4,000/oz after preliminary Consumer Sentiment rises to 54.4, one-year inflation expectations ease
• Negative Sentiment: Technical analysts say bearish momentum is building, with gold breaking trend support and key downside levels now in focus. Gold (XAU/USD) Price Forecast: Bearish Pressure Builds Near Critical Support
• Negative Sentiment: Rising Treasury yields and a stronger U.S. dollar have been repeatedly cited as headwinds for gold, pressuring prices below the key $4,000 mark. Gold breaks $4,000 as yields rise, Fed-rate relief fades – Kitco PM Report

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $75.50 on Friday. The stock’s 50-day moving average is $80.69 and its 200-day moving average is $87.01. The company has a market cap of $62.36 billion, a P/E ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 52-week low of $61.60 and a 52-week high of $104.40.

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).