CPA Asset Management Group LLC Has $20.88 Million Position in iShares Gold Trust $IAU

CPA Asset Management Group LLC decreased its stake in iShares Gold Trust (NYSEARCA:IAU) by 4.9% during the 1st quarter, HoldingsChannel reports. The fund owned 236,845 shares of the exchange traded fund’s stock after selling 12,245 shares during the period. iShares Gold Trust comprises approximately 7.0% of CPA Asset Management Group LLC’s portfolio, making the stock its 4th biggest holding. CPA Asset Management Group LLC’s holdings in iShares Gold Trust were worth $20,880,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of IAU. Godfrey Financial Associates Inc. acquired a new position in iShares Gold Trust during the 4th quarter valued at $25,000. Monetary Solutions Ltd acquired a new stake in iShares Gold Trust in the 4th quarter worth $26,000. Merkkuri Wealth Advisors LLC acquired a new stake in iShares Gold Trust in the 1st quarter worth $26,000. Fairway Wealth LLC increased its holdings in shares of iShares Gold Trust by 525.0% during the 1st quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 252 shares during the period. Finally, Rossby Financial LCC increased its holdings in shares of iShares Gold Trust by 75.7% during the 4th quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 140 shares during the period. Institutional investors own 59.67% of the company’s stock.

More iShares Gold Trust News

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

• Negative Sentiment: Gold prices slid as firmer U.S. Treasury yields and a stronger dollar offset support from softer inflation data, pressuring the iShares Gold Trust. Gold and silver fall as Fed-rate relief fades after data – Kitco AM Report
• Negative Sentiment: Better-than-expected U.S. labor and manufacturing data, including weekly jobless claims and the Philly Fed survey, reduced expectations for near-term Fed easing and pushed gold lower. Spot gold slides to session low $3.999/oz after Philly Fed survey rises to 41.4 in July
• Negative Sentiment: Gold is struggling to hold the $4,000 level as resilient consumer spending and improving economic data are limiting safe-haven demand. Gold price struggling as U.S. retail sales rise 0.2% in June
• Neutral Sentiment: Some strategists still see the longer-term gold bull trend as intact despite the current correction, suggesting the recent weakness may be a pause rather than a full reversal. Gold’s Pullback Doesn’t Mean the Bull Market Is Over
• Neutral Sentiment: Bank of America said gold could fall further in the short term, but views lower prices as a buying opportunity, which may help support the ETF if the decline continues. Gold prices can go lower, but Bank of America suggests buying the dip and averaging down
• Positive Sentiment: Longer-term bullish commentary remains supportive, with Fidelity’s Samson saying gold could re-enter a bull market in 2027 and that investors may eventually move back to overweight positions. ‘We have a plan to go overweight gold again’ – Fidelity’s Samson predicts return to bull market in 2027

iShares Gold Trust Stock Performance

Shares of IAU opened at $74.80 on Friday. The company has a 50-day simple moving average of $80.96 and a 200-day simple moving average of $87.09. The firm has a market capitalization of $61.78 billion, a P/E ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 52 week low of $61.60 and a 52 week high of $104.40.

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).