Sanctuary Advisors LLC trimmed its stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 23.3% during the 1st quarter, HoldingsChannel reports. The fund owned 728,291 shares of the exchange traded fund’s stock after selling 221,638 shares during the quarter. Sanctuary Advisors LLC’s holdings in iShares Gold Trust were worth $64,206,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of IAU. Sigma Planning Corp increased its holdings in shares of iShares Gold Trust by 2.1% during the first quarter. Sigma Planning Corp now owns 225,847 shares of the exchange traded fund’s stock valued at $19,911,000 after acquiring an additional 4,742 shares in the last quarter. 1ST Source Bank bought a new stake in iShares Gold Trust during the 1st quarter valued at about $207,000. Avantax Planning Partners Inc. increased its stake in iShares Gold Trust by 5.0% during the 1st quarter. Avantax Planning Partners Inc. now owns 5,389 shares of the exchange traded fund’s stock valued at $475,000 after purchasing an additional 258 shares in the last quarter. Calamos Wealth Management LLC raised its holdings in iShares Gold Trust by 46.9% in the first quarter. Calamos Wealth Management LLC now owns 6,588 shares of the exchange traded fund’s stock worth $581,000 after buying an additional 2,102 shares during the last quarter. Finally, Calamos Advisors LLC purchased a new position in iShares Gold Trust in the first quarter worth about $581,000. 59.67% of the stock is currently owned by institutional investors.
iShares Gold Trust News Summary
Here are the key news stories impacting iShares Gold Trust this week:
- Positive Sentiment: Gold rallied after U.S. inflation came in softer than expected, helping support bullion and gold-backed products like IAU by lowering real-rate pressure. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rallies As U.S. Inflation Rate Misses Estimates
- Positive Sentiment: Analysts said gold’s pullback is likely temporary noise, arguing that gold remains one of the better-performing assets over the past year and that mining stocks remain the standout trade. VanEck’s Casanova sees gold’s pullback as noise, says mining stocks remain the standout trade
- Positive Sentiment: Multiple market updates pointed to gold finding support near key technical levels, with traders watching for a rebound if the metal can hold support and break resistance. Gold Jumps as Weaker CPI Defends $4,000 Support
- Neutral Sentiment: Some commentary noted that gold remains under pressure from resistance, rising yields, and hawkish Fed expectations, which could keep volatility elevated even after the recent bounce. Gold Declines Amid Broad Rise in Yields, Monetary Policy Concerns
- Negative Sentiment: Several reports warned that gold had been struggling below recent highs, with bears defending resistance and safe-haven demand weakening at times amid geopolitical and rate-related concerns. Gold (XAU/USD) Price Forecast: Bears Defend Key Resistance Zone
iShares Gold Trust Stock Performance
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).
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Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAU – Free Report).
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