iShares Gold Trust $IAU Stake Trimmed by Biltmore Family Office LLC

Biltmore Family Office LLC lowered its stake in iShares Gold Trust (NYSEARCA:IAU) by 7.1% during the fourth quarter, HoldingsChannel reports. The firm owned 663,221 shares of the exchange traded fund’s stock after selling 50,358 shares during the period. iShares Gold Trust accounts for approximately 7.4% of Biltmore Family Office LLC’s holdings, making the stock its 2nd biggest position. Biltmore Family Office LLC’s holdings in iShares Gold Trust were worth $53,834,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of IAU. Bridgewealth Advisory Group LLC lifted its holdings in shares of iShares Gold Trust by 12.9% during the 4th quarter. Bridgewealth Advisory Group LLC now owns 35,297 shares of the exchange traded fund’s stock valued at $2,865,000 after buying an additional 4,021 shares during the last quarter. Independent Advisor Alliance lifted its holdings in shares of iShares Gold Trust by 32.8% during the 4th quarter. Independent Advisor Alliance now owns 101,855 shares of the exchange traded fund’s stock valued at $8,268,000 after buying an additional 25,147 shares during the last quarter. Atlantic Union Bankshares Corp lifted its holdings in shares of iShares Gold Trust by 11.9% during the 4th quarter. Atlantic Union Bankshares Corp now owns 8,669 shares of the exchange traded fund’s stock valued at $704,000 after buying an additional 921 shares during the last quarter. Community Bank N.A. lifted its holdings in shares of iShares Gold Trust by 12.8% during the 4th quarter. Community Bank N.A. now owns 15,027 shares of the exchange traded fund’s stock valued at $1,220,000 after buying an additional 1,709 shares during the last quarter. Finally, World Investment Advisors lifted its holdings in shares of iShares Gold Trust by 34.1% during the 4th quarter. World Investment Advisors now owns 186,755 shares of the exchange traded fund’s stock valued at $15,159,000 after buying an additional 47,534 shares during the last quarter. Hedge funds and other 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:

• Negative Sentiment: Hot U.S. inflation data lifted Treasury yields and the dollar, pressuring gold lower and weighing on iShares Gold Trust. Gold News: Gold Price Future Weakens After PPI Shock and Rising Treasury Yields
• Negative Sentiment: Multiple reports said gold slipped as CPI and PPI-driven rate fears kept pressure on precious metals, reinforcing the recent downside in IAU. Gold and silver slip after hot PPI boosts yields – Kitco AM Report
• Neutral Sentiment: Gold is still battling key technical resistance, with traders watching major moving averages to decide whether the metal rebounds or extends its pullback. Gold (XAU/USD) Price Forecast: 100-Day Average Defines Next Move
• Neutral Sentiment: India’s higher import tariffs on gold and silver could affect physical demand, but the broader market impact remains uncertain for now. India Raises Gold, Silver Tariffs to Curb Imports
• Positive Sentiment: Some analysts remain bullish on gold longer term, citing inflation pressure, geopolitical risk, and debt concerns as reasons the metal could resume its uptrend. Gold will navigate near-term headwinds to reach $5,000/oz by year-end – ING’s Manthey

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $88.19 on Thursday. The firm has a market cap of $75.08 billion, a price-to-earnings ratio of 5.53 and a beta of 0.16. iShares Gold Trust has a 52-week low of $59.71 and a 52-week high of $104.40. The stock has a 50-day simple moving average of $89.62 and a 200-day simple moving average of $86.56.

About iShares Gold Trust

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).