Focus Partners Advisor Solutions LLC trimmed its holdings in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 55.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,440 shares of the exchange traded fund’s stock after selling 64,174 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in iShares Gold Trust were worth $4,175,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FCA Corp TX acquired a new position in iShares Gold Trust during the fourth quarter valued at approximately $216,000. TIAA Trust National Association lifted its position in iShares Gold Trust by 6.0% during the fourth quarter. TIAA Trust National Association now owns 707,627 shares of the exchange traded fund’s stock valued at $57,438,000 after buying an additional 40,071 shares in the last quarter. Cerity Partners LLC lifted its position in iShares Gold Trust by 4.9% during the fourth quarter. Cerity Partners LLC now owns 3,282,216 shares of the exchange traded fund’s stock valued at $266,430,000 after buying an additional 153,179 shares in the last quarter. LPL Financial LLC lifted its position in iShares Gold Trust by 1.5% during the fourth quarter. LPL Financial LLC now owns 13,742,286 shares of the exchange traded fund’s stock valued at $1,115,461,000 after buying an additional 203,528 shares in the last quarter. Finally, Erste Asset Management GmbH lifted its position in iShares Gold Trust by 35.7% during the fourth quarter. Erste Asset Management GmbH now owns 2,585,650 shares of the exchange traded fund’s stock valued at $209,877,000 after buying an additional 680,000 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.
Key Stories Impacting iShares Gold Trust
Here are the key news stories impacting iShares Gold Trust this week:
- Positive Sentiment: China continued buying gold, increasing its reserves for a 19th straight month, which provides some longer-term support for bullion demand. China increases gold reserves by 9.95 tonnes in May for 19th straight month of purchases
- Positive Sentiment: Some analysts still see a bullish long-term case for gold, arguing that inflation could eventually push real rates lower and support a later rebound. Rising inflation may push real rates lower, setting the stage for gold’s next rally – WisdomTree’s Shah
- Neutral Sentiment: Gold and silver were described as holding near steady at times as traders weighed geopolitical safe-haven demand against firmer U.S. rate expectations ahead of inflation data. Gold holds near $4,330 as oil pares Iran-Israel risk premium – Kitco PM Report
- Neutral Sentiment: Gold price action is increasingly tied to upcoming U.S. inflation releases and interest-rate expectations, leaving traders waiting for a clearer catalyst. Gold Price Analysis – Gold Continues to Move to Rate Markets
- Negative Sentiment: Gold has broken below key technical support, with multiple reports citing weakness under the 200-day moving average and growing downside risk. Gold (XAU/USD) Price Forecast: Bearish Pressure Builds After Breakdown
- Negative Sentiment: Stronger U.S. jobs and housing data have reduced expectations for near-term Fed easing, lifting yields and pressuring gold further. Gold price continues to struggle as U.S. Existing Home Sales rise 3.2% in May
- Negative Sentiment: Fed rate-hike expectations have climbed, and several analysts say the broader precious-metals complex is selling off, adding to downside pressure on gold. Gold News: Fed Rate Hike Expectations Put Gold Market Under Pressure
- Negative Sentiment: Platinum and palladium also extended losses, signaling broader weakness across precious metals rather than an isolated move in gold. Platinum, palladium extend losses as Bank of America maintains bullish year-end price outlook
iShares Gold Trust Stock Down 1.6%
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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