iShares Gold Trust $IAU Stake Reduced by Sunbelt Securities Inc.

Sunbelt Securities Inc. reduced its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 253,669 shares of the exchange traded fund’s stock after selling 8,499 shares during the quarter. iShares Gold Trust accounts for about 1.4% of Sunbelt Securities Inc.’s investment portfolio, making the stock its 6th biggest holding. Sunbelt Securities Inc.’s holdings in iShares Gold Trust were worth $22,363,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Schmidt P J Investment Management Inc. grew its holdings in shares of iShares Gold Trust by 1.1% during the fourth quarter. Schmidt P J Investment Management Inc. now owns 9,362 shares of the exchange traded fund’s stock valued at $760,000 after buying an additional 106 shares during the last quarter. Haverford Trust Co raised its holdings in iShares Gold Trust by 3.4% in the 4th quarter. Haverford Trust Co now owns 3,617 shares of the exchange traded fund’s stock worth $294,000 after acquiring an additional 120 shares during the last quarter. Evolution Wealth Management Inc. lifted its position in iShares Gold Trust by 40.3% in the 1st quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 124 shares in the last quarter. Brooks Moore & Associates Inc. lifted its position in iShares Gold Trust by 2.1% in the 4th quarter. Brooks Moore & Associates Inc. now owns 6,076 shares of the exchange traded fund’s stock valued at $493,000 after acquiring an additional 125 shares in the last quarter. Finally, SmartHarvest Portfolios LLC boosted its stake in iShares Gold Trust by 2.0% during the 1st quarter. SmartHarvest Portfolios LLC now owns 6,485 shares of the exchange traded fund’s stock valued at $572,000 after purchasing an additional 129 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Down 1.4%

iShares Gold Trust stock opened at $75.70 on Wednesday. The firm has a market cap of $62.52 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. The stock has a fifty day simple moving average of $79.20 and a two-hundred day simple moving average of $86.74. iShares Gold Trust has a 12 month low of $61.60 and a 12 month high of $104.40.

More iShares Gold Trust News

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

• Positive Sentiment: ETF inflows and continued central-bank buying are providing underlying support for gold, while weaker-than-expected U.S. consumer confidence could eventually strengthen expectations for slower economic growth and lower interest rates. Gold and Silver Price Forecast: ETF Inflows Support Gold Ahead of Fed Week
• Positive Sentiment: Longer-term demand remains supported by China and other Asian buyers. BMO Capital Markets said China’s gold holdings could surpass U.S. holdings within five years, while ongoing central-bank accumulation may help establish a floor under prices. China’s Gold Stockpile Could Surpass U.S. Holdings Next Five Years
• Neutral Sentiment: The launch of CME Group’s 24/7 one-ounce gold contract generated roughly $60 million in weekend trading, highlighting sustained investor interest and improving access, but it does not directly change gold’s near-term fundamentals. 60 Million Traded During Inaugural Weekend of CME’s 24/7 Gold Contract
• Negative Sentiment: Gold sellers have gained control despite a softer dollar and favorable yield conditions, as markets reprice interest-rate expectations toward a more hawkish Fed. Elevated yields increase the opportunity cost of holding IAU. Gold Market Ignores Lower Dollar as Rate Hike Fears Build
• Negative Sentiment: Commerzbank downgraded its gold and silver outlook, warning that gold may struggle to hold the $4,000-per-ounce area and could face further selling while the Iran conflict continues. Analysts also expect gold to remain range-bound for several months if the Fed delays policy changes. Commerzbank Downgrades Gold and Silver Prices

iShares Gold Trust Company Profile

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).