Crosspoint Financial LLC cut its holdings in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 84.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,646 shares of the exchange traded fund’s stock after selling 14,075 shares during the quarter. Crosspoint Financial LLC’s holdings in iShares Gold Trust were worth $233,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. Schmidt P J Investment Management Inc. grew its stake in iShares Gold Trust by 1.1% during the 4th 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 in the last quarter. Foster Group Inc. grew its position in shares of iShares Gold Trust by 2.4% during the fourth 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 in the last quarter. Haverford Trust Co increased its stake in shares of iShares Gold Trust by 3.4% during the fourth 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. Evolution Wealth Management Inc. raised its holdings in iShares Gold Trust by 40.3% in the first quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 124 shares in the last quarter. Finally, Brooks Moore & Associates Inc. lifted its stake in iShares Gold Trust by 2.1% in the fourth quarter. Brooks Moore & Associates Inc. now owns 6,076 shares of the exchange traded fund’s stock worth $493,000 after acquiring an additional 125 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Trading Down 2.0%
Shares of NYSEARCA:IAU opened at $76.15 on Friday. The company has a market cap of $62.89 billion, a PE ratio of 5.53 and a beta of 0.18. The company’s 50 day moving average is $79.74 and its two-hundred day moving average is $86.91. iShares Gold Trust has a 52 week low of $61.60 and a 52 week high of $104.40.
More iShares Gold Trust News
- Positive Sentiment: Some investors still see the pullback in gold as healthy profit-taking rather than a breakdown in the longer-term uptrend, suggesting support may hold near current levels.
- Positive Sentiment: Several market commentators, including John Paulson, reiterated that the gold bull market may still be in its early stages, pointing to ongoing central bank buying and broadening investor demand.
- Neutral Sentiment: Technical analysts say gold is trapped between support near $4,000 and resistance around $4,200, so near-term direction may depend on whether buyers can defend key levels.
- Neutral Sentiment: Central bank and sovereign buying remains part of the longer-term support story for gold, but recent headlines also note that the market is consolidating after a sharp run-up.
- Negative Sentiment: Spot gold fell sharply as higher Treasury yields, a firmer U.S. dollar, and stronger-than-expected U.S. weekly jobless claims data pressured precious metals. Article Title
- Negative Sentiment: Recent market commentary also says gold is struggling to hold gains above $4,100, with rising rates and a stronger dollar creating near-term headwinds for bullion and gold-backed funds like IAU.
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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