Keybank National Association OH Sells 90,736 Shares of iShares Gold Trust $IAU

Keybank National Association OH trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.4% during the first quarter, Holdings Channel.com reports. The fund owned 3,617,414 shares of the exchange traded fund’s stock after selling 90,736 shares during the quarter. iShares Gold Trust comprises 1.2% of Keybank National Association OH’s portfolio, making the stock its 21st biggest holding. Keybank National Association OH’s holdings in iShares Gold Trust were worth $318,911,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in IAU. Schmidt P J Investment Management Inc. boosted 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 purchasing an additional 106 shares during the last quarter. Foster Group Inc. increased its stake in iShares Gold Trust by 2.4% in the 4th quarter. Foster Group Inc. now owns 5,126 shares of the exchange traded fund’s stock valued at $416,000 after buying an additional 120 shares during the last quarter. Haverford Trust Co increased its stake in iShares Gold Trust by 3.4% in the 4th quarter. Haverford Trust Co now owns 3,617 shares of the exchange traded fund’s stock valued at $294,000 after buying an additional 120 shares during the last quarter. Brooks Moore & Associates Inc. lifted 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 buying an additional 125 shares in the last quarter. Finally, SmartHarvest Portfolios LLC lifted its position in shares of iShares Gold Trust by 2.0% during the 1st quarter. SmartHarvest Portfolios LLC now owns 6,485 shares of the exchange traded fund’s stock worth $572,000 after buying an additional 129 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 2.0%

Shares of NYSEARCA IAU opened at $77.51 on Friday. iShares Gold Trust has a twelve month low of $61.60 and a twelve month high of $104.40. The stock’s 50 day moving average price is $83.12 and its 200-day moving average price is $87.53. The company has a market capitalization of $64.02 billion, a PE ratio of 5.53 and a beta of 0.18.

Key Headlines Impacting iShares Gold Trust

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

• Positive Sentiment: Weaker-than-expected U.S. jobs data and softer payroll reports lifted gold above key psychological levels, improving sentiment for gold-backed ETFs like IAU. Article Title
• Positive Sentiment: Several reports said central banks continue buying gold and long-term demand remains supportive, which could help limit downside for the metal. Article Title
• Positive Sentiment: Analysts from WisdomTree and the World Gold Council argued gold remains near fair value and still has upside potential, reinforcing the bullish longer-term case. Article Title
• Neutral Sentiment: Some technical commentary warns that gold is still facing resistance and a broader downtrend may cap near-term gains, which could slow IAU’s advance. Article Title
• Negative Sentiment: Other coverage noted persistent high interest rates and recent bearish consolidation, suggesting gold could remain volatile if rate-cut hopes fade. Article Title

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).