iShares Gold Trust $IAU Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA trimmed its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 25.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,068 shares of the exchange traded fund’s stock after selling 8,375 shares during the quarter. Glenmede Trust Co. NA’s holdings in iShares Gold Trust were worth $2,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in IAU. Brighton Jones LLC purchased a new position in shares of iShares Gold Trust in the 4th quarter valued at approximately $1,864,000. Bison Wealth LLC grew its position in iShares Gold Trust by 78.5% during the 4th quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock worth $831,000 after purchasing an additional 7,379 shares during the last quarter. AQR Capital Management LLC grew its position in iShares Gold Trust by 47.0% during the 1st quarter. AQR Capital Management LLC now owns 26,936 shares of the exchange traded fund’s stock worth $1,588,000 after purchasing an additional 8,609 shares during the last quarter. Glenview Trust co grew its position in iShares Gold Trust by 9.7% during the 2nd quarter. Glenview Trust co now owns 12,384 shares of the exchange traded fund’s stock worth $772,000 after purchasing an additional 1,095 shares during the last quarter. Finally, Main Street Financial Solutions LLC increased its stake in iShares Gold Trust by 6.3% during the 2nd quarter. Main Street Financial Solutions LLC now owns 36,817 shares of the exchange traded fund’s stock valued at $2,296,000 after purchasing an additional 2,172 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 4.1%

NYSEARCA IAU opened at $79.85 on Thursday. The company has a fifty day simple moving average of $78.26 and a two-hundred day simple moving average of $86.36. The stock has a market cap of $65.95 billion, a P/E ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 12-month low of $62.48 and a 12-month high of $104.40.

Trending Headlines about iShares Gold Trust

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

• Positive Sentiment: U.S. private-sector payroll growth came in below expectations, while falling job openings reinforced signs of a cooling labor market. The weaker employment data reduced pressure on the Fed to maintain a hawkish stance, lowering the opportunity cost of holding non-yielding gold. Gold prices push above $4,200 as ADP says 44k jobs created in July
• Positive Sentiment: Hopes for progress on an Iran-related Strait of Hormuz deal have lowered oil prices and inflation concerns, while a weaker dollar and falling yields provided additional support for gold. These factors are directly favorable for IAU, which is backed by physical gold. Gold price soars as Iran talks cut oil and rate-hike odds
• Positive Sentiment: Gold broke out of a multi-week trading range and moved above key technical levels, including its 50-day moving average. Analysts cited persistent central-bank buying, debt concerns and de-dollarization as longer-term forces supporting a secular gold bull market. Gold’s rally has further to run as debt and de-dollarization fuel secular bull market
• Neutral Sentiment: Investors are awaiting Friday’s U.S. nonfarm payrolls report, which could either reinforce expectations for easier monetary policy or revive concerns about higher rates. Gold’s recent breakout also faces resistance near $4,200–$4,203, making employment data a potential source of volatility. Gold and silver price forecast during NFP week
• Negative Sentiment: Higher real yields, the possibility of renewed Fed tightening and a stronger dollar remain risks to gold. IAU is trading above its 50-day average but below its 200-day average, indicating that the longer-term trend has not fully recovered.

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).