RFG Advisory LLC Cuts Stock Holdings in iShares Gold Trust $IAU

RFG Advisory LLC lowered its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 34.1% in the first quarter, Holdings Channel.com reports. The fund owned 28,693 shares of the exchange traded fund’s stock after selling 14,866 shares during the quarter. RFG Advisory LLC’s holdings in iShares Gold Trust were worth $2,530,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fifth Third Wealth Advisors LLC lifted its holdings in iShares Gold Trust by 0.5% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 74,333 shares of the exchange traded fund’s stock valued at $6,553,000 after purchasing an additional 397 shares in the last quarter. Provenance Wealth Advisors LLC grew its holdings in shares of iShares Gold Trust by 1.9% during the first quarter. Provenance Wealth Advisors LLC now owns 15,344 shares of the exchange traded fund’s stock worth $1,353,000 after buying an additional 280 shares in the last quarter. Apella Capital LLC raised its position in shares of iShares Gold Trust by 22.7% in the first quarter. Apella Capital LLC now owns 40,489 shares of the exchange traded fund’s stock valued at $3,698,000 after buying an additional 7,492 shares during the last quarter. Centennial Wealth Advisory LLC acquired a new stake in shares of iShares Gold Trust in the first quarter valued at about $210,000. Finally, Burns J W & Co. Inc. NY raised its position in shares of iShares Gold Trust by 55.4% in the first quarter. Burns J W & Co. Inc. NY now owns 63,361 shares of the exchange traded fund’s stock valued at $5,586,000 after buying an additional 22,586 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

Key Headlines Impacting iShares Gold Trust

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 Trading Up 1.1%

NYSEARCA:IAU opened at $76.56 on Friday. The company has a market cap of $65.18 billion, a P/E ratio of 5.53 and a beta of 0.15. 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.

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).