CPA Asset Management Group LLC Has $20.88 Million Stake in iShares Gold Trust $IAU

CPA Asset Management Group LLC lessened its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 4.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 236,845 shares of the exchange traded fund’s stock after selling 12,245 shares during the period. iShares Gold Trust accounts for 7.0% of CPA Asset Management Group LLC’s portfolio, making the stock its 4th largest holding. CPA Asset Management Group LLC’s holdings in iShares Gold Trust were worth $20,880,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Schmidt P J Investment Management Inc. boosted its holdings in shares of iShares Gold Trust by 1.1% during 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 buying 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 worth $416,000 after acquiring an additional 120 shares during the period. Haverford Trust Co raised its holdings in iShares Gold Trust by 3.4% in the 4th quarter. Haverford Trust Co now owns 3,617 shares of the exchange traded fund’s stock worth $294,000 after acquiring an additional 120 shares during the period. Evolution Wealth Management Inc. lifted its position in iShares Gold Trust by 40.3% during the 1st quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 124 shares during the last quarter. Finally, Brooks Moore & Associates Inc. lifted its position in 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 acquiring an additional 125 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

More iShares Gold Trust News

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

• Negative Sentiment: Gold prices slid as firmer U.S. Treasury yields and a stronger dollar offset support from softer inflation data, pressuring the iShares Gold Trust. Gold and silver fall as Fed-rate relief fades after data – Kitco AM Report
• Negative Sentiment: Better-than-expected U.S. labor and manufacturing data, including weekly jobless claims and the Philly Fed survey, reduced expectations for near-term Fed easing and pushed gold lower. Spot gold slides to session low $3.999/oz after Philly Fed survey rises to 41.4 in July
• Negative Sentiment: Gold is struggling to hold the $4,000 level as resilient consumer spending and improving economic data are limiting safe-haven demand. Gold price struggling as U.S. retail sales rise 0.2% in June
• Neutral Sentiment: Some strategists still see the longer-term gold bull trend as intact despite the current correction, suggesting the recent weakness may be a pause rather than a full reversal. Gold’s Pullback Doesn’t Mean the Bull Market Is Over
• Neutral Sentiment: Bank of America said gold could fall further in the short term, but views lower prices as a buying opportunity, which may help support the ETF if the decline continues. Gold prices can go lower, but Bank of America suggests buying the dip and averaging down
• Positive Sentiment: Longer-term bullish commentary remains supportive, with Fidelity’s Samson saying gold could re-enter a bull market in 2027 and that investors may eventually move back to overweight positions. ‘We have a plan to go overweight gold again’ – Fidelity’s Samson predicts return to bull market in 2027

iShares Gold Trust Price Performance

IAU stock opened at $74.80 on Friday. The stock has a market capitalization of $61.78 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. The company has a 50-day moving average of $80.96 and a two-hundred day moving average of $87.09. iShares Gold Trust has a 52-week low of $61.60 and a 52-week high of $104.40.

iShares Gold Trust 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).