Robinson Value Management Ltd. Sells 8,924 Shares of iShares Gold Trust $IAU

Robinson Value Management Ltd. trimmed its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 14.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,918 shares of the exchange traded fund’s stock after selling 8,924 shares during the period. iShares Gold Trust comprises 2.5% of Robinson Value Management Ltd.’s holdings, making the stock its 12th largest position. Robinson Value Management Ltd.’s holdings in iShares Gold Trust were worth $4,489,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Schmidt P J Investment Management Inc. raised its holdings 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 acquiring an additional 106 shares in the last quarter. Foster Group Inc. boosted its position 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 grew its stake in iShares Gold Trust by 3.4% in the fourth quarter. Haverford Trust Co now owns 3,617 shares of the exchange traded fund’s stock valued at $294,000 after purchasing an additional 120 shares in the last quarter. Evolution Wealth Management Inc. grew its stake in iShares Gold Trust by 40.3% in the first quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 124 shares in the last quarter. Finally, Brooks Moore & Associates Inc. increased its position in shares of 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 purchasing an additional 125 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.0%

Shares of iShares Gold Trust stock opened at $76.28 on Thursday. iShares Gold Trust has a 12-month low of $61.60 and a 12-month high of $104.40. The stock has a market cap of $63.00 billion, a P/E ratio of 5.53 and a beta of 0.18. The business’s 50 day moving average is $81.23 and its 200-day moving average is $87.16.

More iShares Gold Trust News

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

• Positive Sentiment: Gold prices edged higher after weaker U.S. CPI and PPI reports eased rate-pressure expectations, which typically benefits non-yielding assets like gold and, in turn, IAU. Gold edges higher, silver slips as oil keeps inflation risk alive – Kitco PM Report
• Positive Sentiment: Gold stayed firm above the $4,000 level as investors looked past inflation fears, while talk of continued central-bank and sovereign demand added a supportive longer-term backdrop. Fed won’t hike but hold, Warsh may have started too hawkish, and U.S. policy is driving sovereign gold demand – Natixis’ Christopher Hodge
• Positive Sentiment: Multiple reports said gold regained momentum after inflation data came in softer than expected, helping the metal defend key support and improving near-term sentiment for gold-backed funds. Gold finding its footing as US producer prices fall in June
• Neutral Sentiment: Gold is still facing resistance near the $4,100 area, so gains may remain choppy unless bullish momentum improves. Gold (XAU/USD) Price Forecast: Can Gold Break Out Above Key Resistance?
• Negative Sentiment: Some commentary noted that higher oil prices and rising Treasury yields can keep inflation risks elevated and cap further upside in gold, which could limit IAU’s near-term advance. Gold Flat Amid Rising Oil Prices

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).