Sofi Wealth LLC Decreases Stake in iShares Gold Trust $IAU

Sofi Wealth LLC lessened its holdings in iShares Gold Trust (NYSEARCA:IAU) by 13.1% in the first quarter, Holdings Channel reports. The firm owned 241,110 shares of the exchange traded fund’s stock after selling 36,461 shares during the period. iShares Gold Trust accounts for 1.0% of Sofi Wealth LLC’s investment portfolio, making the stock its 19th largest holding. Sofi Wealth LLC’s holdings in iShares Gold Trust were worth $21,256,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in IAU. Godfrey Financial Associates Inc. purchased a new stake in shares of iShares Gold Trust during the 4th quarter valued at approximately $25,000. Monetary Solutions Ltd bought a new stake in iShares Gold Trust during the 4th quarter valued at $26,000. Merkkuri Wealth Advisors LLC bought a new stake in shares of iShares Gold Trust during the 1st quarter valued at $26,000. Fairway Wealth LLC lifted its holdings in iShares Gold Trust by 525.0% during the 1st quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 252 shares in the last quarter. Finally, Rossby Financial LCC boosted its stake in iShares Gold Trust by 75.7% in the 4th quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 140 shares during the period. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust News Summary

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

• Negative Sentiment: Gold prices slid as firmer U.S. Treasury yields and a stronger dollar offset support from softer inflation data, pressuring the iShares Gold Trust. Gold and silver fall as Fed-rate relief fades after data – Kitco AM Report
• Negative Sentiment: Better-than-expected U.S. labor and manufacturing data, including weekly jobless claims and the Philly Fed survey, reduced expectations for near-term Fed easing and pushed gold lower. Spot gold slides to session low $3.999/oz after Philly Fed survey rises to 41.4 in July
• Negative Sentiment: Gold is struggling to hold the $4,000 level as resilient consumer spending and improving economic data are limiting safe-haven demand. Gold price struggling as U.S. retail sales rise 0.2% in June
• Neutral Sentiment: Some strategists still see the longer-term gold bull trend as intact despite the current correction, suggesting the recent weakness may be a pause rather than a full reversal. Gold’s Pullback Doesn’t Mean the Bull Market Is Over
• Neutral Sentiment: Bank of America said gold could fall further in the short term, but views lower prices as a buying opportunity, which may help support the ETF if the decline continues. Gold prices can go lower, but Bank of America suggests buying the dip and averaging down
• Positive Sentiment: Longer-term bullish commentary remains supportive, with Fidelity’s Samson saying gold could re-enter a bull market in 2027 and that investors may eventually move back to overweight positions. ‘We have a plan to go overweight gold again’ – Fidelity’s Samson predicts return to bull market in 2027

iShares Gold Trust Trading Down 1.9%

Shares of iShares Gold Trust stock opened at $74.80 on Friday. The company’s 50-day moving average price is $80.96 and its 200-day moving average price is $87.09. The company has a market cap of $61.78 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 12-month low of $61.60 and a 12-month high of $104.40.

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).