Crosspoint Financial LLC Trims Stock Holdings in iShares Gold Trust $IAU

Crosspoint Financial LLC lessened its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 84.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,646 shares of the exchange traded fund’s stock after selling 14,075 shares during the quarter. Crosspoint Financial LLC’s holdings in iShares Gold Trust were worth $233,000 as of its most recent SEC filing.

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

iShares Gold Trust Trading Down 2.0%

Shares of NYSEARCA IAU opened at $76.15 on Friday. The stock has a market capitalization of $62.89 billion, a PE ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a twelve month low of $61.60 and a twelve month high of $104.40. The stock has a fifty day simple moving average of $79.74 and a 200-day simple moving average of $86.91.

Key Stories Impacting iShares Gold Trust

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

• Positive Sentiment: Some investors still see the pullback in gold as healthy profit-taking rather than a breakdown in the longer-term uptrend, suggesting support may hold near current levels.
• Positive Sentiment: Several market commentators, including John Paulson, reiterated that the gold bull market may still be in its early stages, pointing to ongoing central bank buying and broadening investor demand.
• Neutral Sentiment: Technical analysts say gold is trapped between support near $4,000 and resistance around $4,200, so near-term direction may depend on whether buyers can defend key levels.
• Neutral Sentiment: Central bank and sovereign buying remains part of the longer-term support story for gold, but recent headlines also note that the market is consolidating after a sharp run-up.
• Negative Sentiment: Spot gold fell sharply as higher Treasury yields, a firmer U.S. dollar, and stronger-than-expected U.S. weekly jobless claims data pressured precious metals. Article Title
• Negative Sentiment: Recent market commentary also says gold is struggling to hold gains above $4,100, with rising rates and a stronger dollar creating near-term headwinds for bullion and gold-backed funds like IAU.

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).