iShares Gold Trust $IAU Shares Sold by Bedminster LLC

Bedminster LLC reduced its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 23.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,027 shares of the exchange traded fund’s stock after selling 10,732 shares during the period. iShares Gold Trust accounts for about 3.0% of Bedminster LLC’s investment portfolio, making the stock its 12th largest position. Bedminster LLC’s holdings in iShares Gold Trust were worth $3,176,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of IAU. Schmidt P J Investment Management Inc. grew its stake in iShares Gold Trust by 1.1% in the 4th quarter. Schmidt P J Investment Management Inc. now owns 9,362 shares of the exchange traded fund’s stock worth $760,000 after acquiring an additional 106 shares during the period. Foster Group Inc. raised its holdings in iShares Gold Trust by 2.4% in the 4th quarter. Foster Group Inc. now owns 5,126 shares of the exchange traded fund’s stock valued at $416,000 after acquiring an additional 120 shares during the last quarter. Haverford Trust Co lifted its stake in shares of iShares Gold Trust by 3.4% during the 4th quarter. Haverford Trust Co now owns 3,617 shares of the exchange traded fund’s stock worth $294,000 after purchasing an additional 120 shares during the period. Brooks Moore & Associates Inc. lifted its stake in shares of iShares Gold Trust by 2.1% during the 4th quarter. Brooks Moore & Associates Inc. now owns 6,076 shares of the exchange traded fund’s stock worth $493,000 after purchasing an additional 125 shares during the period. Finally, SmartHarvest Portfolios LLC boosted its holdings in shares of iShares Gold Trust by 2.0% during the first quarter. SmartHarvest Portfolios LLC now owns 6,485 shares of the exchange traded fund’s stock worth $572,000 after purchasing an additional 129 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 2.0%

IAU stock opened at $77.51 on Friday. The stock has a market capitalization of $64.02 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 52-week low of $61.60 and a 52-week high of $104.40. The stock’s fifty day simple moving average is $83.12 and its 200-day simple moving average is $87.53.

iShares Gold Trust News Roundup

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

• Positive Sentiment: Weaker-than-expected U.S. jobs data and softer payroll reports lifted gold above key psychological levels, improving sentiment for gold-backed ETFs like IAU. Article Title
• Positive Sentiment: Several reports said central banks continue buying gold and long-term demand remains supportive, which could help limit downside for the metal. Article Title
• Positive Sentiment: Analysts from WisdomTree and the World Gold Council argued gold remains near fair value and still has upside potential, reinforcing the bullish longer-term case. Article Title
• Neutral Sentiment: Some technical commentary warns that gold is still facing resistance and a broader downtrend may cap near-term gains, which could slow IAU’s advance. Article Title
• Negative Sentiment: Other coverage noted persistent high interest rates and recent bearish consolidation, suggesting gold could remain volatile if rate-cut hopes fade. Article Title

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).