iShares Gold Trust $IAU Shares Sold by Pennsylvania State University

Pennsylvania State University cut its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 9.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,574,099 shares of the exchange traded fund’s stock after selling 157,233 shares during the quarter. iShares Gold Trust makes up approximately 72.5% of Pennsylvania State University’s holdings, making the stock its largest holding. Pennsylvania State University owned about 0.18% of iShares Gold Trust worth $138,773,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Cannell & Spears LLC increased its stake in shares of iShares Gold Trust by 6.6% in the first quarter. Cannell & Spears LLC now owns 3,210 shares of the exchange traded fund’s stock worth $273,000 after buying an additional 200 shares during the last quarter. Dai ichi Life International Holdings LLC bought a new position in iShares Gold Trust during the 1st quarter valued at $355,000. Renaissance Technologies LLC grew its holdings in iShares Gold Trust by 466.1% during the 1st quarter. Renaissance Technologies LLC now owns 123,968 shares of the exchange traded fund’s stock worth $10,929,000 after acquiring an additional 102,068 shares in the last quarter. Hilltop Holdings Inc. grew its holdings in iShares Gold Trust by 13.7% during the 1st quarter. Hilltop Holdings Inc. now owns 50,998 shares of the exchange traded fund’s stock worth $4,496,000 after acquiring an additional 6,135 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in iShares Gold Trust by 109.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 1,017,800 shares of the exchange traded fund’s stock worth $89,729,000 after acquiring an additional 531,100 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

IAU opened at $76.23 on Friday. The company has a market capitalization of $62.96 billion, a P/E ratio of 5.53 and a beta of 0.18. The company has a 50-day moving average of $79.55 and a 200-day moving average of $86.83. iShares Gold Trust has a 1-year low of $61.60 and a 1-year high of $104.40.

iShares Gold Trust News Summary

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

• Positive Sentiment: Gold held critical support near $4,000 for the fifth straight week, which analysts say could mark an inflection point for a bullish turn. Gold continues to hold $4,000, which could signal inflection point, analysts say
• Positive Sentiment: China’s June gold imports hit a fresh two-year high as lower prices boosted demand in the world’s largest bullion market. China’s June gold imports hit fresh two-year high of 173 tonnes as lower prices boost demand
• Positive Sentiment: Gold rebounded as Treasury yields eased and oil prices pulled back, both of which can improve the appeal of non-yielding assets like gold. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Oil Prices Pull Back
• Neutral Sentiment: Several reports say gold is still stuck in a consolidation range, with strong U.S. economic data and firm yields limiting a sustained breakout. Gold stuck in neutral as S&P Global highlights healthy US PMI activity
• Neutral Sentiment: BlackRock’s Koesterich said investors should still keep a modest gold allocation, even though near-term downside risks remain. Investors should still hold a modest amount of gold – BlackRock’s Koesterich
• Negative Sentiment: Gold also faced pressure from higher Treasury yields, a firmer U.S. dollar, and resilient labor-market data, which have recently capped rebounds. Gold holds above $4,020 as Fed-rate risk caps rebound – Kitco AM Report

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).