Carl Stuart Investment Advisor Inc. Sells 23,219 Shares of iShares Gold Trust $IAU

Carl Stuart Investment Advisor Inc. lessened its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 560,670 shares of the exchange traded fund’s stock after selling 23,219 shares during the quarter. iShares Gold Trust accounts for 41.1% of Carl Stuart Investment Advisor Inc.’s investment portfolio, making the stock its biggest position. Carl Stuart Investment Advisor Inc. owned 0.07% of iShares Gold Trust worth $45,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wills Financial Group LLC lifted its stake in shares of iShares Gold Trust by 9.8% during the fourth quarter. Wills Financial Group LLC now owns 147,134 shares of the exchange traded fund’s stock worth $11,943,000 after purchasing an additional 13,093 shares in the last quarter. Hudson Oak Wealth Advisory LLC acquired a new position in shares of iShares Gold Trust during the fourth quarter worth about $1,725,000. Allianz SE lifted its stake in shares of iShares Gold Trust by 2.8% during the third quarter. Allianz SE now owns 1,186,632 shares of the exchange traded fund’s stock worth $86,351,000 after purchasing an additional 32,341 shares in the last quarter. Advisory Services Network LLC lifted its stake in shares of iShares Gold Trust by 20.3% in the third quarter. Advisory Services Network LLC now owns 207,238 shares of the exchange traded fund’s stock worth $15,081,000 after acquiring an additional 35,018 shares in the last quarter. Finally, South Shore Capital Advisors acquired a new position in shares of iShares Gold Trust in the fourth quarter worth about $858,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $79.19 on Friday. iShares Gold Trust has a one year low of $61.37 and a one year high of $104.40. The business’s 50-day simple moving average is $86.36 and its 200 day simple moving average is $87.61. The stock has a market cap of $67.42 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

Trending Headlines about iShares Gold Trust

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

• Positive Sentiment: Gold and silver recovered into Friday’s close as oil prices fell on U.S.-Iran deal hopes, Treasury yields declined, and equities rallied, which helped improve sentiment toward precious metals. Precious metals firm as crude slides, stocks rise on U.S.-Iran talks – Kitco PM Report
• Positive Sentiment: Several reports said gold is holding important support near the $4,000 area, with analysts watching for signs that a bottom may be forming after the recent selloff. Gold holds key $4,000 support as analysts watch for signs of a bottom
• Neutral Sentiment: Gold is stabilizing after a failed breakdown at support, suggesting buyers are defending the market, but overhead resistance still needs to be cleared before a stronger rebound is confirmed. Gold (XAU/USD) Price Forecast: Failed Breakdown Hints at Rebound
• Neutral Sentiment: Gold gained some support from safe-haven demand tied to Middle East tensions and continued demand from China, but traders still see the move as a technical rebound unless prices reclaim higher resistance levels. Gold and Silver Price Forecast: US-Iran Deal Hopes Lift XAUUSD and XAGUSD
• Negative Sentiment: Multiple reports warned that gold remains in a broader downtrend because stronger inflation data and rising Fed rate expectations can reduce the appeal of non-yielding assets like bullion. Gold (XAUUSD) Price Forecast: Death Cross Threatens Gold Price as Fed Hike Bets Rise

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).