Spectrum Asset Management Inc. NB CA lessened its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 4.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 160,326 shares of the exchange traded fund’s stock after selling 8,198 shares during the quarter. iShares Gold Trust accounts for 4.5% of Spectrum Asset Management Inc. NB CA’s portfolio, making the stock its 5th largest position. Spectrum Asset Management Inc. NB CA’s holdings in iShares Gold Trust were worth $14,134,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the company. Schmidt P J Investment Management Inc. lifted its holdings in shares of iShares Gold Trust by 1.1% during the fourth quarter. Schmidt P J Investment Management Inc. now owns 9,362 shares of the exchange traded fund’s stock worth $760,000 after purchasing an additional 106 shares during the period. Foster Group Inc. increased its holdings in iShares Gold Trust by 2.4% in the 4th quarter. Foster Group Inc. now owns 5,126 shares of the exchange traded fund’s stock worth $416,000 after buying an additional 120 shares during the period. Haverford Trust Co increased its holdings in iShares Gold Trust by 3.4% in the 4th quarter. Haverford Trust Co now owns 3,617 shares of the exchange traded fund’s stock worth $294,000 after buying an additional 120 shares during the period. Brooks Moore & Associates Inc. raised its position in iShares Gold Trust by 2.1% during the 4th quarter. Brooks Moore & Associates Inc. now owns 6,076 shares of the exchange traded fund’s stock worth $493,000 after buying an additional 125 shares during the last quarter. Finally, SmartHarvest Portfolios LLC raised its position in iShares Gold Trust by 2.0% during the 1st quarter. SmartHarvest Portfolios LLC now owns 6,485 shares of the exchange traded fund’s stock worth $572,000 after buying an additional 129 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.
Key Headlines Impacting iShares Gold Trust
Here are the key news stories impacting iShares Gold Trust this week:
- Positive Sentiment: Gold gained ground as Treasury yields eased and the dollar moved away from recent highs, helping precious metals recover. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Dollar Moves Away From Yearly Highs
- Positive Sentiment: Weakness in consumer sentiment and easing inflation expectations supported gold, with spot prices reaching session highs near $4,080 an ounce. Spot gold hits session high near 4080/oz after final Consumer Sentiment rises to 49.5, one-year and long-term inflation expectations ease
- Positive Sentiment: Gold has been bouncing from the $4,000 area, which traders are viewing as a potential floor after recent selloffs. Gold Price Analysis – Gold Attempting to Bounce from $4000 Region
- Positive Sentiment: Robert Kiyosaki said he was wrong to doubt gold and plans to buy more, adding to bullish sentiment around the metal. Robert Kiyosaki admits he was wrong about Gold
- Neutral Sentiment: Gold is still holding around the key $4,000 level, with some reports calling the short-term structure neutral while central bank demand remains supportive longer term. Gold (XAUUSD) & Silver Price Forecast: Gold Retests $4,010 as Silver Breaks $56.50 Amid Ceasefire — Bearish Turn?
- Negative Sentiment: Several technical analysts say gold has broken key trendline support, signaling the risk of a deeper decline unless resistance is reclaimed. Gold (XAU/USD) Price Forecast: Trendline Break Signals Bearish Extension
- Negative Sentiment: Other reports warn that gold remains under pressure from a hawkish Fed, a strong dollar, and expectations that prices could weaken further if support near $4,000 fails. Gold (XAUUSD) Price Forecast: Can China Buying Offset Hawkish Fed Pressure?
iShares Gold Trust Trading Up 1.1%
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).
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