Kestra Private Wealth Services LLC Sells 16,060 Shares of iShares Gold Trust $IAU

Kestra Private Wealth Services LLC lessened its holdings in iShares Gold Trust (NYSEARCA:IAU) by 7.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 193,534 shares of the exchange traded fund’s stock after selling 16,060 shares during the period. Kestra Private Wealth Services LLC’s holdings in iShares Gold Trust were worth $17,062,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC bought a new stake in shares of iShares Gold Trust during the 4th quarter worth about $1,864,000. Bison Wealth LLC raised its stake in shares of iShares Gold Trust by 78.5% in the 4th quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after acquiring an additional 7,379 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of iShares Gold Trust by 47.0% in the 1st quarter. AQR Capital Management LLC now owns 26,936 shares of the exchange traded fund’s stock valued at $1,588,000 after acquiring an additional 8,609 shares in the last quarter. Glenview Trust co lifted its holdings in iShares Gold Trust by 9.7% in the 2nd quarter. Glenview Trust co now owns 12,384 shares of the exchange traded fund’s stock worth $772,000 after purchasing an additional 1,095 shares during the last quarter. Finally, Main Street Financial Solutions LLC lifted its holdings in iShares Gold Trust by 6.3% in the 2nd quarter. Main Street Financial Solutions LLC now owns 36,817 shares of the exchange traded fund’s stock worth $2,296,000 after purchasing an additional 2,172 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Down 3.0%

Shares of iShares Gold Trust stock opened at $74.99 on Thursday. The stock has a market capitalization of $63.84 billion, a P/E ratio of 5.53 and a beta of 0.15. The stock has a 50 day moving average price of $84.82 and a two-hundred day moving average price of $87.68. iShares Gold Trust has a 12-month low of $61.37 and a 12-month high of $104.40.

Key iShares Gold Trust News

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

• Negative Sentiment: Gold broke below key technical support levels, including a long-term trendline and Fibonacci support, raising the risk of a deeper correction for bullion and gold-linked ETFs like IAU. Gold (XAU/USD) Price Forecast: Breakdown Signals Risk of Deeper Correction
• Negative Sentiment: Gold slipped below the $4,000 level, with multiple reports citing pressure from a stronger dollar, higher yields, and Fed rate-hike repricing. Gold breaks $4,000 as dollar rally pressures metals
• Negative Sentiment: ING and other banks cut gold forecasts as rising yields and dollar strength continue to hurt precious metals demand. ING Cuts Gold and Silver Forecasts as Rising Yields and Stronger Dollar Weigh on Prices
• Neutral Sentiment: Some analysts argue the pullback may be a normal correction rather than the end of the longer-term gold bull market, suggesting the decline could eventually attract buyers. Gold’s 28% correction is painful, but history suggests the bull market isn’t over
• Neutral Sentiment: China’s gold imports surged to a 26-month high in May, showing strong physical demand that could help support prices over time. China gold imports hit 26-month high in May, up 76% YTD

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).