Cowa LLC Sells 6,862 Shares of iShares Gold Trust $IAU

Cowa LLC trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 14.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,007 shares of the exchange traded fund’s stock after selling 6,862 shares during the quarter. iShares Gold Trust accounts for 1.0% of Cowa LLC’s portfolio, making the stock its 25th largest position. Cowa LLC’s holdings in iShares Gold Trust were worth $3,410,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Abich Financial Wealth Management LLC bought a new position in shares of iShares Gold Trust during the third quarter worth $25,000. Godfrey Financial Associates Inc. bought a new stake in iShares Gold Trust in the 4th quarter valued at $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 acquiring an additional 225 shares in the last quarter. Dakota Community Bank & Trust NA bought a new stake in iShares Gold Trust in the 4th quarter valued at $30,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in iShares Gold Trust in the 3rd quarter valued at $31,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Up 3.0%

Shares of IAU stock opened at $79.13 on Friday. iShares Gold Trust has a 1 year low of $61.37 and a 1 year high of $104.40. The firm’s fifty day moving average price is $86.57 and its two-hundred day moving average price is $87.67. The firm has a market capitalization of $67.37 billion, a P/E ratio of 5.53 and a beta of 0.15.

iShares Gold Trust News Roundup

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

• Positive Sentiment: Gold is attempting to rebound after a steep sell-off, with traders watching for a potential bottom near major support. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Attempts To Rebound After Strong Sell-Off
• Positive Sentiment: Some analysts argue the pullback does not break gold’s long-term bull case, noting that the metal is holding above key support. Don’t fear a drop below $4,000, gold’s bull market isnt broken – Thorsten Polleit
• Neutral Sentiment: Gold is testing a major support zone, and a reversal could form if the undercut-and-run setup holds. Gold (XAU/USD) Price Forecast: Undercut Setup Signals Potential Bottom
• Negative Sentiment: Recent U.S. inflation data and higher-for-longer rate expectations are weighing on gold, pressuring bullion and gold-backed funds like IAU. Gold slumps to 6-month low even as inflation fears rise. Heres why bullion is out of favor
• Negative Sentiment: Several market updates say gold remains in a downtrend and near critical support, suggesting more downside risk if support breaks. Gold price remains under pressure as U.S. jobless claims rises to 229k

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).