Sumitomo Mitsui Trust Group Inc. Reduces Stake in iShares Gold Trust $IAU

Sumitomo Mitsui Trust Group Inc. lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 45.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,614,120 shares of the exchange traded fund’s stock after selling 2,994,795 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in iShares Gold Trust were worth $318,621,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Beam Wealth Advisors Inc. grew its stake in shares of iShares Gold Trust by 41.9% during the 1st quarter. Beam Wealth Advisors Inc. now owns 24,882 shares of the exchange traded fund’s stock valued at $2,194,000 after purchasing an additional 7,351 shares during the period. Personal CFO Solutions LLC purchased a new stake in shares of iShares Gold Trust during the 1st quarter valued at about $617,000. Quantum Portfolio Management LLC lifted its stake in shares of iShares Gold Trust by 4.8% in the 1st quarter. Quantum Portfolio Management LLC now owns 10,594 shares of the exchange traded fund’s stock worth $934,000 after purchasing an additional 483 shares during the period. Penobscot Investment Management Company Inc. bought a new position in shares of iShares Gold Trust in the 1st quarter worth approximately $202,000. Finally, Golden Road Advisors LLC purchased a new position in shares of iShares Gold Trust in the first quarter worth approximately $297,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust News Roundup

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

• Negative Sentiment: Spot gold has been sliding as Treasury yields and the U.S. dollar move higher after hawkish Fed minutes, pressuring gold-backed funds like IAU. Gold slides as Fed minutes, Hormuz oil spike lift yields – Kitco PM Report
• Negative Sentiment: Multiple market updates point to gold breaking down from resistance and testing lower support levels, suggesting near-term momentum remains weak. Gold (XAU/USD) Price Forecast: Resistance Keeps Bears in Control
• Neutral Sentiment: Some longer-term commentary remains constructive, with Invesco saying central-bank demand should help gold recover later in 2026 despite a difficult second quarter. Gold had a rough Q2, but central bank demand will push prices higher through 2026 – Invesco
• Neutral Sentiment: Reports of central-bank buying, including China adding to gold reserves, support the long-term case for gold but have not been enough to offset the current risk-off backdrop. China’s central bank buys the dip, increasing gold reserves 15 tonnes in June

iShares Gold Trust Trading Down 0.8%

IAU opened at $76.74 on Thursday. The company’s 50 day moving average is $82.23 and its 200 day moving average is $87.42. The company has a market cap of $63.38 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 12-month low of $61.60 and a 12-month high of $104.40.

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).