VCI Wealth Management LLC Sells 116,501 Shares of iShares Gold Trust $IAU

VCI Wealth Management LLC lessened its stake in iShares Gold Trust (NYSEARCA:IAU) by 26.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 318,108 shares of the exchange traded fund’s stock after selling 116,501 shares during the quarter. iShares Gold Trust comprises approximately 7.8% of VCI Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest position. VCI Wealth Management LLC’s holdings in iShares Gold Trust were worth $28,044,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. 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 in the last quarter. Hudson Oak Wealth Advisory LLC acquired a new stake in shares of iShares Gold Trust in the 4th quarter worth $1,725,000. Allianz SE raised its holdings in shares of iShares Gold Trust by 2.8% during the 3rd quarter. Allianz SE now owns 1,186,632 shares of the exchange traded fund’s stock worth $86,351,000 after acquiring an additional 32,341 shares during the period. Mill Creek Capital Advisors LLC raised its holdings in shares of iShares Gold Trust by 2.9% during the 3rd quarter. Mill Creek Capital Advisors LLC now owns 203,287 shares of the exchange traded fund’s stock worth $14,793,000 after acquiring an additional 5,749 shares during the period. Finally, Advisory Services Network LLC boosted its position 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 valued at $15,081,000 after acquiring an additional 35,018 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 1.1%

Shares of IAU stock opened at $76.56 on Friday. iShares Gold Trust has a twelve month low of $61.37 and a twelve month high of $104.40. The company’s 50-day moving average price is $84.23 and its 200-day moving average price is $87.58. The stock has a market cap of $65.18 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

iShares Gold Trust News Summary

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

• Positive Sentiment: Gold gained ground as Treasury yields eased and the dollar moved away from recent highs, helping precious metals recover. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Dollar Moves Away From Yearly Highs
• Positive Sentiment: Weakness in consumer sentiment and easing inflation expectations supported gold, with spot prices reaching session highs near $4,080 an ounce. Spot gold hits session high near 4080/oz after final Consumer Sentiment rises to 49.5, one-year and long-term inflation expectations ease
• Positive Sentiment: Gold has been bouncing from the $4,000 area, which traders are viewing as a potential floor after recent selloffs. Gold Price Analysis – Gold Attempting to Bounce from $4000 Region
• Positive Sentiment: Robert Kiyosaki said he was wrong to doubt gold and plans to buy more, adding to bullish sentiment around the metal. Robert Kiyosaki admits he was wrong about Gold
• Neutral Sentiment: Gold is still holding around the key $4,000 level, with some reports calling the short-term structure neutral while central bank demand remains supportive longer term. Gold (XAUUSD) & Silver Price Forecast: Gold Retests $4,010 as Silver Breaks $56.50 Amid Ceasefire — Bearish Turn?
• Negative Sentiment: Several technical analysts say gold has broken key trendline support, signaling the risk of a deeper decline unless resistance is reclaimed. Gold (XAU/USD) Price Forecast: Trendline Break Signals Bearish Extension
• Negative Sentiment: Other reports warn that gold remains under pressure from a hawkish Fed, a strong dollar, and expectations that prices could weaken further if support near $4,000 fails. Gold (XAUUSD) Price Forecast: Can China Buying Offset Hawkish Fed Pressure?

iShares Gold Trust 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).