iShares Gold Trust $IAU Shares Sold by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC lessened its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 15.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 641,037 shares of the exchange traded fund’s stock after selling 113,730 shares during the quarter. iShares Gold Trust accounts for about 2.1% of Capital Asset Advisory Services LLC’s holdings, making the stock its 11th biggest holding. Capital Asset Advisory Services LLC’s holdings in iShares Gold Trust were worth $58,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. CIBC Bancorp USA Inc. purchased a new stake in shares of iShares Gold Trust in the 3rd quarter valued at approximately $193,639,000. Concurrent Investment Advisors LLC boosted its position in shares of iShares Gold Trust by 381.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 2,534,729 shares of the exchange traded fund’s stock worth $205,744,000 after purchasing an additional 2,008,288 shares during the period. Citigroup Inc. boosted its position in shares of iShares Gold Trust by 35.7% during the 4th quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock worth $584,531,000 after purchasing an additional 1,893,594 shares during the period. Mizuho Bank Ltd. acquired a new stake in iShares Gold Trust in the 3rd quarter valued at approximately $120,798,000. Finally, Emory University purchased a new stake in iShares Gold Trust in the third quarter valued at approximately $78,661,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 0.6%

Shares of NYSEARCA IAU opened at $75.96 on Thursday. The business’s 50 day moving average is $83.33 and its two-hundred day moving average is $87.55. iShares Gold Trust has a 52-week low of $61.60 and a 52-week high of $104.40. The firm has a market cap of $62.74 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18.

Key iShares Gold Trust News

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

• Positive Sentiment: Gold prices rebounded as weaker U.S. labor and manufacturing data boosted expectations for easier Fed policy, which is generally supportive for IAU. Gold trades near session highs after ADP says net 98K jobs were added in June
• Positive Sentiment: The World Gold Council said central-bank buying and long-term investor demand should help limit downside risk and leave room for gold to recover later this year. These are the key factors that could restart the gold rally this year, or drive prices even lower – World Gold Council H2 Outlook
• Positive Sentiment: Several analysts and banks remained constructive on gold despite the pullback, arguing that official-sector demand could drive a renewed rally. Central banks see gold prices trading between $5,000 and $6,000 in 12 months – OMFIF Survey
• Positive Sentiment: Gold remains underpinned by buying near the $4,000 level, suggesting some investors still see value after the recent correction. Gold Price Analysis – Gold Continues to See Support at 4K
• Neutral Sentiment: Other reports said gold is still in a broader bearish consolidation phase, so the rebound may remain fragile unless upcoming jobs data weakens rates and the dollar further. Gold (XAU/USD) Price Forecast: Downtrend Holds Amid Resistance Test
• Negative Sentiment: Gold’s recent slump, the worst monthly/quarterly stretch in years, reflects pressure from higher Treasury yields, a stronger dollar, and renewed Fed-hike concerns. Gold prices fall further after worst quarter in 13 years as interest rate fears hit bullion

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).