True Vision MN LLC Decreases Stock Holdings in iShares Gold Trust $IAU

True Vision MN LLC reduced its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 61.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,044 shares of the exchange traded fund’s stock after selling 22,803 shares during the quarter. True Vision MN LLC’s holdings in iShares Gold Trust were worth $1,238,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. CIBC Bancorp USA Inc. acquired a new stake in shares of iShares Gold Trust during the 3rd quarter valued at approximately $193,639,000. Concurrent Investment Advisors LLC grew its holdings in shares of iShares Gold Trust by 381.5% in 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 acquiring an additional 2,008,288 shares during the period. Citigroup Inc. grew its holdings in shares of 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 worth $584,531,000 after acquiring an additional 1,893,594 shares during the period. Mizuho Bank Ltd. purchased a new position in iShares Gold Trust in the 3rd quarter valued at approximately $120,798,000. Finally, Emory University purchased a new position in iShares Gold Trust in the 3rd quarter valued at approximately $78,661,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $79.33 on Monday. The stock has a fifty day moving average price of $85.56 and a 200 day moving average price of $87.73. The stock has a market cap of $67.54 billion, a PE ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 1 year low of $61.37 and a 1 year high of $104.40.

iShares Gold Trust News Summary

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

• Negative Sentiment: Gold prices weakened after the Fed signaled a higher-for-longer rate stance, with some traders now pricing in the possibility of at least one rate hike later this year. Hawkish Fed keeps pressure on gold as physical premiums soften – Kitco PM Report
• Negative Sentiment: Multiple market outlooks point to gold testing key support levels, with analysts warning the metal could retest the $4,000 area if bearish momentum continues. Gold (XAU/USD) Price Forecast: Support Test Could Shape Next Major Move
• Negative Sentiment: Stronger U.S. labor and manufacturing data, along with a firmer dollar, added to the pressure on precious metals and reinforced the shift away from defensive gold positioning. Gold prices remain under pressure as Philly Fed Survey rebounds to 10.3 in June

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).