Spinnaker Trust Sells 32,490 Shares of iShares Gold Trust $IAU

Spinnaker Trust trimmed its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 416,028 shares of the exchange traded fund’s stock after selling 32,490 shares during the period. iShares Gold Trust comprises about 1.8% of Spinnaker Trust’s portfolio, making the stock its 11th largest position. Spinnaker Trust’s holdings in iShares Gold Trust were worth $33,769,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in iShares Gold Trust by 1.5% during the 3rd quarter. Bank of America Corp DE now owns 30,799,504 shares of the exchange traded fund’s stock worth $2,241,280,000 after acquiring an additional 456,140 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of iShares Gold Trust by 47.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 20,520,705 shares of the exchange traded fund’s stock valued at $1,493,292,000 after buying an additional 6,623,876 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of iShares Gold Trust by 20.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,165,231 shares of the exchange traded fund’s stock valued at $958,034,000 after buying an additional 2,245,617 shares in the last quarter. UBS Group AG boosted its holdings in shares of iShares Gold Trust by 6.5% in the 3rd quarter. UBS Group AG now owns 9,148,055 shares of the exchange traded fund’s stock valued at $665,704,000 after buying an additional 561,489 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of iShares Gold Trust by 2.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,616,480 shares of the exchange traded fund’s stock valued at $412,563,000 after buying an additional 148,881 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $84.27 on Tuesday. iShares Gold Trust has a fifty-two week low of $61.37 and a fifty-two week high of $104.40. The stock has a market capitalization of $71.74 billion, a P/E ratio of 5.53 and a beta of 0.16. The company’s 50-day simple moving average is $87.07 and its 200-day simple moving average is $87.43.

iShares Gold Trust News Roundup

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

• Positive Sentiment: Some traders see gold’s longer-term outlook as constructive, arguing that inflation, rising sovereign debt, and Federal Reserve policy constraints could support the metal over time. Fed trapped between inflation and debt crisis, and gold wins either way – Sprott’s McIntyre
• Positive Sentiment: Gold and silver found some support from technical buying after defending important levels, with one forecast noting that China buying and a recovery in bullion could extend recent gains. Gold (XAUUSD) & Silver Price Forecast: China Buying Supports Metals — Will XAU & XAG Extend Gains?
• Neutral Sentiment: Gold is being pulled between competing forces, with some commentary saying the metal is range-bound as investors balance safe-haven demand against improving risk sentiment. Gold Appears Trapped Between Two Powerful Narratives
• Neutral Sentiment: Geopolitical uncertainty around U.S.-Iran talks and shifting oil prices continued to create short-term volatility rather than a clear directional catalyst for bullion. Gold Declines as Uncertainty Clouds U.S.-Iran Talks
• Negative Sentiment: Gold prices have been slipping as stronger economic data, firmer Treasury yields, and a rebound in the dollar reduce demand for non-yielding assets like bullion. Gold falls as oil jumps on U.S.-Iran deadlock – Kitco PM Report
• Negative Sentiment: The latest ISM Manufacturing PMI beat expectations, reinforcing the view that the U.S. economy remains resilient and helping push gold toward session lows. Spot gold trades near $4,460/oz after ISM Manufacturing PMI rises to 54
• Negative Sentiment: Multiple market forecasts highlighted downside pressure from a stronger dollar, higher oil prices, and reduced expectations for near-term Fed rate cuts, all of which can weigh on IAU. Gold News: Rising Oil Prices Darken Gold Price Future Before Payrolls

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).