Whittier Trust Co. Sells 7,609 Shares of iShares Gold Trust $IAU

Whittier Trust Co. lessened its stake in iShares Gold Trust (NYSEARCA:IAU) by 11.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,945 shares of the exchange traded fund’s stock after selling 7,609 shares during the period. Whittier Trust Co.’s holdings in iShares Gold Trust were worth $4,989,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IAU. CIBC Bancorp USA Inc. purchased a new stake in iShares Gold Trust in the 3rd quarter valued at about $193,639,000. Concurrent Investment Advisors LLC raised its position in 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 valued at $205,744,000 after purchasing an additional 2,008,288 shares in the last quarter. Citigroup Inc. increased its stake in shares of iShares Gold Trust by 35.7% during the fourth quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock valued at $584,531,000 after buying an additional 1,893,594 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in iShares Gold Trust by 18.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,595,990 shares of the exchange traded fund’s stock worth $535,396,000 after acquiring an additional 1,019,135 shares in the last quarter. Finally, Orion Porfolio Solutions LLC increased its position in iShares Gold Trust by 503.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 930,318 shares of the exchange traded fund’s stock valued at $58,015,000 after purchasing an additional 776,215 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust News Roundup

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

• Positive Sentiment: Gold prices are holding above key support levels, helped by softer U.S. labor data, which is boosting hopes for easier Fed policy and supporting bullion-backed ETFs like IAU. Gold holds above $4,100 as Fed minutes, Hormuz risk lift yields – Kitco AM Report
• Positive Sentiment: Market commentary says official-sector demand and constrained mine supply continue to underpin gold, reinforcing the long-term bullish case for gold exposure. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks Trendline at $4,127 as Silver Holds $60.69 Ahead of FOMC — Next Move?
• Positive Sentiment: Analysts maintained a bullish longer-term outlook, with one note keeping a $4,600 gold target on expectations that central banks may ramp up buying. Natixis sticks with $4,600 gold target as central banks prepare to ramp up buying
• Neutral Sentiment: Several reports suggest gold is consolidating after a strong run, with traders watching Fed minutes and U.S. economic data for the next directional catalyst. Gold Falls as Investors Await Fed Minutes
• Negative Sentiment: Gold has also faced resistance near the $4,200 area, and a firmer dollar and higher Treasury yields have recently pressured prices, which can weigh on IAU in the near term. Gold slips as Fed minutes loom, Hormuz risk eases oil shock – Kitco AM Report

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU traded down $0.24 during trading hours on Tuesday, hitting $78.06. The company’s stock had a trading volume of 764,459 shares, compared to its average volume of 11,503,471. iShares Gold Trust has a 52 week low of $61.60 and a 52 week high of $104.40. The company has a market capitalization of $64.47 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. The firm’s fifty day moving average price is $82.69 and its 200 day moving average price is $87.48.

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).