Blue Trust Inc. Sells 50,680 Shares of iShares Gold Trust $IAU

Blue Trust Inc. lessened its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 9.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 470,409 shares of the exchange traded fund’s stock after selling 50,680 shares during the period. Blue Trust Inc. owned about 0.06% of iShares Gold Trust worth $41,471,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of IAU. Godfrey Financial Associates Inc. bought a new stake in shares of iShares Gold Trust during the 4th quarter worth approximately $25,000. Monetary Solutions Ltd bought a new position in iShares Gold Trust in the 4th quarter valued at $26,000. Rossby Financial LCC grew its position in iShares Gold Trust by 75.7% in the 4th quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 140 shares during the last quarter. Gables Capital Management Inc. increased its stake in iShares Gold Trust by 173.1% in the fourth quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 225 shares during the period. Finally, Motiv8 Investments LLC purchased a new stake in iShares Gold Trust in the fourth quarter worth $29,000. Institutional investors own 59.67% of the company’s stock.

Trending Headlines about iShares Gold Trust

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

• Negative Sentiment: Gold broke below key technical support levels, including a long-term trendline and Fibonacci support, raising the risk of a deeper correction for bullion and gold-linked ETFs like IAU. Gold (XAU/USD) Price Forecast: Breakdown Signals Risk of Deeper Correction
• Negative Sentiment: Gold slipped below the $4,000 level, with multiple reports citing pressure from a stronger dollar, higher yields, and Fed rate-hike repricing. Gold breaks $4,000 as dollar rally pressures metals
• Negative Sentiment: ING and other banks cut gold forecasts as rising yields and dollar strength continue to hurt precious metals demand. ING Cuts Gold and Silver Forecasts as Rising Yields and Stronger Dollar Weigh on Prices
• Neutral Sentiment: Some analysts argue the pullback may be a normal correction rather than the end of the longer-term gold bull market, suggesting the decline could eventually attract buyers. Gold’s 28% correction is painful, but history suggests the bull market isn’t over
• Neutral Sentiment: China’s gold imports surged to a 26-month high in May, showing strong physical demand that could help support prices over time. China gold imports hit 26-month high in May, up 76% YTD

iShares Gold Trust Trading Down 3.0%

NYSEARCA:IAU opened at $74.99 on Thursday. iShares Gold Trust has a twelve month low of $61.37 and a twelve month high of $104.40. The company has a market cap of $63.84 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The stock has a fifty day simple moving average of $84.82 and a 200-day simple moving average of $87.68.

About iShares Gold Trust

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).