iShares Gold Trust $IAU Shares Purchased by Glenview Trust Co

Glenview Trust Co grew its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 66.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,824 shares of the exchange traded fund’s stock after buying an additional 9,911 shares during the period. Glenview Trust Co’s holdings in iShares Gold Trust were worth $2,188,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Schmidt P J Investment Management Inc. lifted its stake in iShares Gold Trust by 1.1% during the fourth quarter. Schmidt P J Investment Management Inc. now owns 9,362 shares of the exchange traded fund’s stock worth $760,000 after purchasing an additional 106 shares during the last quarter. Foster Group Inc. increased its stake in iShares Gold Trust by 2.4% during the fourth quarter. Foster Group Inc. now owns 5,126 shares of the exchange traded fund’s stock valued at $416,000 after purchasing an additional 120 shares during the last quarter. Haverford Trust Co raised its holdings in shares of iShares Gold Trust by 3.4% during the fourth 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. Evolution Wealth Management Inc. raised its holdings in shares of iShares Gold Trust by 40.3% during the first quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 124 shares during the period. Finally, Brooks Moore & Associates Inc. lifted its position in shares of iShares Gold Trust by 2.1% in the 4th quarter. Brooks Moore & Associates Inc. now owns 6,076 shares of the exchange traded fund’s stock worth $493,000 after buying an additional 125 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $76.82 on Wednesday. iShares Gold Trust has a one year low of $61.60 and a one year high of $104.40. The company has a 50-day simple moving average of $80.18 and a 200-day simple moving average of $86.97. The firm has a market capitalization of $63.45 billion, a PE ratio of 5.53 and a beta of 0.18.

iShares Gold Trust News Summary

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

• Positive Sentiment: Spot gold and silver surged as short covering and haven buying picked up, with traders shrugging off higher yields and a stronger dollar. Gold rallies as buyers ignore higher yields, oil shock – Kitco PM Report
• Positive Sentiment: Gold broke above key trend resistance, with technical traders watching for a potential breakout if momentum holds near the next resistance zone. Gold (XAU/USD) Price Forecast: Breakout Signals Point to Higher Prices
• Positive Sentiment: Analysts said central bank demand and continued physical buying, especially in Asia, may support gold over the long term. Central bank gold demand has ‘very long runway’ as East/West market split returns – Schroders
• Positive Sentiment: Some market strategists argue gold’s downside is becoming more limited after the recent selloff, while the long-term upside case remains intact. Gold’s risk/reward has flipped in investors’ favor despite rate hike fears, says Wells Fargo’s Samana
• Neutral Sentiment: Some commentary still points to a key tug-of-war: geopolitical risk is supportive, but rising yields, a firm dollar, and higher oil prices continue to cap gold’s upside. Gold rebounds as $4,000 support holds, silver leads metals higher – Kitco AM Report
• Negative Sentiment: Several reports note that higher-for-longer interest-rate expectations, rising Treasury yields, and dollar strength have been weighing on gold recently. Gold Falls Amid Higher-For-Longer Interest-Rate Expectations

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).