iShares Gold Trust $IAU Stock Holdings Lessened by Franklin Resources Inc.

Franklin Resources Inc. reduced its holdings in iShares Gold Trust (NYSEARCA:IAU) by 5.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,174,520 shares of the exchange traded fund’s stock after selling 61,503 shares during the quarter. Franklin Resources Inc. owned approximately 0.14% of iShares Gold Trust worth $95,336,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Abich Financial Wealth Management LLC bought a new stake in iShares Gold Trust in the 3rd quarter valued at about $25,000. Godfrey Financial Associates Inc. bought a new stake in iShares Gold Trust in the 4th quarter valued at about $25,000. Gables Capital Management Inc. lifted its position in iShares Gold Trust by 173.1% in the 4th quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 225 shares during the last quarter. Dakota Community Bank & Trust NA bought a new stake in iShares Gold Trust in the 4th quarter valued at about $30,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in iShares Gold Trust in the 3rd quarter valued at about $31,000. 59.67% of the stock is currently owned by institutional investors.

Key Stories Impacting iShares Gold Trust

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

• Negative Sentiment: Spot gold has weakened materially after the latest CPI report, with traders pricing in a less dovish Fed path and higher-for-longer rates weighing on bullion. Gold, silver fall as CPI keeps Fed pressure on – Kitco AM Report
• Negative Sentiment: Technical breakdowns in gold below key support levels, including the 200-day moving average, are signaling the potential for further downside in the metal and related ETFs. Gold (XAU/USD) Price Forecast: Bearish Breakdown Signals Trend Shift Risk
• Negative Sentiment: Several market updates suggest the selling in gold may continue if real yields stay elevated and investors keep rotating away from safe-haven metals. As gold’s tumble continues, traders bet the pain may last for two more years
• Neutral Sentiment: Some analysts still argue gold remains in a longer-term bull market, but they say the near-term trend is still weak and vulnerable to further volatility. Gold price could triple if 1970s bull market pattern holds, says Jeff Clark
• Neutral Sentiment: Recent commentary on GLD versus IAU is mainly educational, but it reinforces that IAU is a low-cost vehicle that closely tracks the spot price of gold, so weakness in bullion directly affects the fund. GLD vs. IAU: Which Gold ETF Costs You Less Over Time?

iShares Gold Trust Stock Down 4.1%

Shares of NYSEARCA:IAU opened at $76.79 on Thursday. The company has a market cap of $65.38 billion, a PE ratio of 5.53 and a beta of 0.15. The company’s 50-day moving average price is $86.75 and its 200 day moving average price is $87.65. iShares Gold Trust has a fifty-two week low of $61.37 and a fifty-two week 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).