JSF Financial LLC Trims Stock Position in iShares Gold Trust $IAU

JSF Financial LLC reduced its holdings in iShares Gold Trust (NYSEARCA:IAU) by 6.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 215,168 shares of the exchange traded fund’s stock after selling 14,733 shares during the quarter. iShares Gold Trust accounts for about 3.7% of JSF Financial LLC’s investment portfolio, making the stock its 8th largest holding. JSF Financial LLC’s holdings in iShares Gold Trust were worth $18,969,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of IAU. Concurrent Investment Advisors LLC increased its stake 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 purchasing an additional 2,008,288 shares in the last quarter. Citigroup Inc. lifted its stake in iShares Gold Trust by 35.7% in the 4th quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock valued at $584,531,000 after purchasing an additional 1,893,594 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in iShares Gold Trust by 18.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,595,990 shares of the exchange traded fund’s stock worth $535,396,000 after purchasing an additional 1,019,135 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in iShares Gold Trust by 503.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 930,318 shares of the exchange traded fund’s stock worth $58,015,000 after purchasing an additional 776,215 shares during the last quarter. Finally, VCU Investment Management Co bought a new position in iShares Gold Trust in the fourth quarter valued at about $61,835,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $75.35 on Tuesday. The firm’s 50 day simple moving average is $80.41 and its 200 day simple moving average is $87.00. The company has a market cap of $62.23 billion, a PE ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a one year low of $61.60 and a one year high of $104.40.

Key Headlines Impacting iShares Gold Trust

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

• Positive Sentiment: Gold edged higher in Asian trade as physical demand, especially from China, and ongoing central bank buying continue to support the market. Gold Edges Higher; Physical Demand Continues to Support
• Positive Sentiment: Sprott’s Paul Wong said gold looks “massively oversold” and could be nearing a cyclical bottom, with currency debasement expected to drive a move toward new highs later this year. Gold is oversold, the debasement trade is still on, and the pressure is building – Sprott’s Paul Wong
• Neutral Sentiment: Several market commentaries noted that gold is being pulled between geopolitical demand from Middle East tensions and pressure from rising oil prices, firmer yields, and a stronger dollar, leaving the short-term trend uncertain. Gold (XAUUSD) Price Forecast: Passive Gold Buyers Face a Hawkish Fed Trade
• Negative Sentiment: StoneX said interest rates remain the key driver for precious metals and warned gold could face continued downside risk despite escalating Middle East conflict. Despite Middle East escalation, interest rates remain the key price driver for gold and silver – StoneX
• Negative Sentiment: Gold has also been pressured by stronger Treasury yields and a firmer dollar, with traders still focused on the possibility of prolonged restrictive monetary policy. Gold Falls Amid Higher-For-Longer Interest-Rate Expectations

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).