Ipsen Advisor Group LLC Cuts Stake in iShares Gold Trust $IAU

Ipsen Advisor Group LLC reduced its position in iShares Gold Trust (NYSEARCA:IAU) by 35.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,691 shares of the exchange traded fund’s stock after selling 14,093 shares during the quarter. iShares Gold Trust accounts for approximately 1.6% of Ipsen Advisor Group LLC’s investment portfolio, making the stock its 20th largest holding. Ipsen Advisor Group LLC’s holdings in iShares Gold Trust were worth $2,265,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in IAU. Concurrent Investment Advisors LLC grew its holdings in iShares Gold Trust by 381.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 2,534,729 shares of the exchange traded fund’s stock worth $205,744,000 after acquiring an additional 2,008,288 shares in the last quarter. Citigroup Inc. raised its stake in iShares Gold Trust by 35.7% in the fourth quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock worth $584,531,000 after buying an additional 1,893,594 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares Gold Trust by 18.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,595,990 shares of the exchange traded fund’s stock worth $535,396,000 after acquiring an additional 1,019,135 shares in the last quarter. Orion Porfolio Solutions LLC lifted its position in shares of iShares Gold Trust by 503.7% during the second quarter. Orion Porfolio Solutions LLC now owns 930,318 shares of the exchange traded fund’s stock valued at $58,015,000 after buying an additional 776,215 shares during the last quarter. Finally, VCU Investment Management Co purchased a new stake in iShares Gold Trust during the fourth quarter valued at approximately $61,835,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $76.17 on Friday. The stock has a market cap of $62.91 billion, a PE ratio of 5.53 and a beta of 0.18. The stock has a 50-day moving average of $78.68 and a two-hundred day moving average of $86.56. iShares Gold Trust has a one year low of $61.99 and a one year high of $104.40.

iShares Gold Trust News Summary

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

• Positive Sentiment: Strong central-bank purchases in the second quarter, along with resilient Asian demand, continue to provide a long-term fundamental tailwind for gold and IAU. Gold and silver price forecast and World Gold Council report
• Positive Sentiment: Analysts increasingly view gold near $4,000 as an attractive value area, suggesting support for IAU if prices hold above that level. Gold has value at $4,000 as investors look beyond Fed hawkishness
• Neutral Sentiment: Gold remains range-bound, roughly between $4,000 and $4,200, as investors await clearer signals on interest rates and Middle East developments. The Fed’s rate hold and softer inflation data offered some support, but did not establish a new trend. Gold weekly price analysis
• Negative Sentiment: Long-term Treasury yields reached levels last seen in 2007, increasing the opportunity cost of holding gold. Better-than-expected U.S. consumer sentiment and easing one-year inflation expectations also reduced immediate demand for the metal as an inflation hedge. Gold pulls back as Treasury yields test new highs

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).