6,687 iShares Gold Trust $IAU Shares Sold by Wealth Management Partners LLC

Wealth Management Partners LLC lessened its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 171,116 shares of the exchange traded fund’s stock after selling 6,687 shares during the period. iShares Gold Trust makes up approximately 3.1% of Wealth Management Partners LLC’s investment portfolio, making the stock its 8th largest position. Wealth Management Partners LLC’s holdings in iShares Gold Trust were worth $13,364,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. RFG Advisory LLC raised its position in shares of iShares Gold Trust by 35.8% in the 2nd quarter. RFG Advisory LLC now owns 38,956 shares of the exchange traded fund’s stock valued at $2,942,000 after purchasing an additional 10,263 shares in the last quarter. Wealth Care LLC purchased a new position in shares of iShares Gold Trust during the 1st quarter valued at approximately $9,270,000. Hsbc Holdings PLC boosted its stake in shares of iShares Gold Trust by 51.0% during the 4th quarter. Hsbc Holdings PLC now owns 646,402 shares of the exchange traded fund’s stock valued at $52,467,000 after buying an additional 218,339 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV grew its position in shares of iShares Gold Trust by 3.1% during the first quarter. Acorn Financial Advisory Services Inc. ADV now owns 483,758 shares of the exchange traded fund’s stock worth $42,648,000 after buying an additional 14,344 shares in the last quarter. Finally, Wedbush Securities Inc. grew its position in shares of iShares Gold Trust by 18.2% during the second quarter. Wedbush Securities Inc. now owns 54,861 shares of the exchange traded fund’s stock worth $4,143,000 after buying an additional 8,462 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU opened at $77.71 on Thursday. The stock has a market capitalization of $61.28 billion, a PE ratio of 5.53 and a beta of 0.18. The firm’s fifty day moving average price is $81.17 and its 200 day moving average price is $81.88. iShares Gold Trust has a 12-month low of $73.74 and a 12-month high of $104.40.

Trending Headlines about iShares Gold Trust

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

• Positive Sentiment: Gold gained in late U.S. trading as Treasury yields stabilized, the dollar weakened and crude oil prices eased. These developments reduce the opportunity cost of holding non-yielding gold and are supportive of IAU. Gold gains as Treasury yields stabilize, Nasdaq surges despite Fed tightening concerns – Kitco PM Report
• Positive Sentiment: Gold is testing a potential bottom as the U.S. 10-year real yield eased to 2.77%. A sustained decline in real yields could improve demand for gold and provide further support to IAU. Gold Tests a Bottom as 10-Year Real Yields Ease to 2.77%
• Positive Sentiment: Royal Mint sales indicate that demand for precious metals remains resilient despite high prices and rising bond yields, while BlackRock’s Evy Hambro cited debt, fiscal deficits, currency depreciation and geopolitical risks as longer-term supports for gold. Royal Mint sees record silver and platinum sales, renewed gold demand despite higher prices and rising bond yields
• Neutral Sentiment: Technical analysts describe gold as consolidating between important support and resistance levels, with a decisive breakout possible. This creates upside potential for IAU but also leaves the ETF vulnerable to another decline if support fails. Gold (XAU/USD) Price Forecast: Consolidation Sets Stage for Decisive Breakout
• Negative Sentiment: Markets continue to price a high probability of a December Fed rate hike. Higher rates and real yields can pressure gold by making income-producing assets more attractive, weighing on IAU. Gold and Silver Price Forecast: ETF Holdings Hit Record
• Negative Sentiment: Russia’s sale of 6.2 tonnes of gold in September reduced its bullion holdings to the lowest level since 2019, introducing a modest source of official-sector selling pressure. Russia sells 6.2 tonnes of gold in September

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).