iShares Gold Trust $IAU Stake Reduced by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lowered its stake in iShares Gold Trust (NYSEARCA:IAU) by 7.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 666,445 shares of the exchange traded fund’s stock after selling 57,542 shares during the quarter. iShares Gold Trust accounts for 1.8% of EverSource Wealth Advisors LLC’s portfolio, making the stock its 7th biggest position. EverSource Wealth Advisors LLC owned 0.08% of iShares Gold Trust worth $58,754,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Schmidt P J Investment Management Inc. increased its stake in shares of iShares Gold Trust by 1.1% in the fourth quarter. Schmidt P J Investment Management Inc. now owns 9,362 shares of the exchange traded fund’s stock worth $760,000 after buying an additional 106 shares during the period. Haverford Trust Co boosted its position in iShares Gold Trust by 3.4% during the 4th quarter. Haverford Trust Co now owns 3,617 shares of the exchange traded fund’s stock valued at $294,000 after buying an additional 120 shares during the period. Evolution Wealth Management Inc. grew its holdings in iShares Gold Trust by 40.3% in the 1st quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 124 shares during the last quarter. Brooks Moore & Associates Inc. grew its holdings in iShares Gold Trust by 2.1% in the 4th quarter. Brooks Moore & Associates Inc. now owns 6,076 shares of the exchange traded fund’s stock worth $493,000 after acquiring an additional 125 shares during the last quarter. Finally, SmartHarvest Portfolios LLC increased its position in shares of iShares Gold Trust by 2.0% in the first quarter. SmartHarvest Portfolios LLC now owns 6,485 shares of the exchange traded fund’s stock valued at $572,000 after acquiring an additional 129 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

More iShares Gold Trust News

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

• Positive Sentiment: ETF inflows and continued central-bank buying are providing underlying support for gold, while weaker-than-expected U.S. consumer confidence could eventually strengthen expectations for slower economic growth and lower interest rates. Gold and Silver Price Forecast: ETF Inflows Support Gold Ahead of Fed Week
• Positive Sentiment: Longer-term demand remains supported by China and other Asian buyers. BMO Capital Markets said China’s gold holdings could surpass U.S. holdings within five years, while ongoing central-bank accumulation may help establish a floor under prices. China’s Gold Stockpile Could Surpass U.S. Holdings Next Five Years
• Neutral Sentiment: The launch of CME Group’s 24/7 one-ounce gold contract generated roughly $60 million in weekend trading, highlighting sustained investor interest and improving access, but it does not directly change gold’s near-term fundamentals. 60 Million Traded During Inaugural Weekend of CME’s 24/7 Gold Contract
• Negative Sentiment: Gold sellers have gained control despite a softer dollar and favorable yield conditions, as markets reprice interest-rate expectations toward a more hawkish Fed. Elevated yields increase the opportunity cost of holding IAU. Gold Market Ignores Lower Dollar as Rate Hike Fears Build
• Negative Sentiment: Commerzbank downgraded its gold and silver outlook, warning that gold may struggle to hold the $4,000-per-ounce area and could face further selling while the Iran conflict continues. Analysts also expect gold to remain range-bound for several months if the Fed delays policy changes. Commerzbank Downgrades Gold and Silver Prices

iShares Gold Trust Trading Down 1.4%

IAU stock opened at $75.70 on Wednesday. The stock has a market capitalization of $62.52 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. The firm’s 50-day moving average price is $79.20 and its two-hundred day moving average price is $86.74. iShares Gold Trust has a 12-month low of $61.60 and a 12-month high of $104.40.

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).