iShares Gold Trust $IAU Shares Sold by True Vision MN LLC

True Vision MN LLC lowered its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 61.9% in the first quarter, HoldingsChannel.com reports. The fund owned 14,044 shares of the exchange traded fund’s stock after selling 22,803 shares during the quarter. True Vision MN LLC’s holdings in iShares Gold Trust were worth $1,238,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of IAU. Schmidt P J Investment Management Inc. increased its stake in shares of 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. raised its position in shares of iShares Gold Trust by 2.4% during the 4th quarter. Foster Group Inc. now owns 5,126 shares of the exchange traded fund’s stock worth $416,000 after purchasing an additional 120 shares during the last quarter. Haverford Trust Co lifted its stake 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 valued at $294,000 after buying an additional 120 shares in the last quarter. Brooks Moore & Associates Inc. lifted its stake in iShares Gold Trust by 2.1% in the 4th quarter. Brooks Moore & Associates Inc. now owns 6,076 shares of the exchange traded fund’s stock valued at $493,000 after buying an additional 125 shares in the last quarter. Finally, Nemes Rush Group LLC lifted its stake in iShares Gold Trust by 1.9% in the 4th quarter. Nemes Rush Group LLC now owns 6,982 shares of the exchange traded fund’s stock valued at $567,000 after buying an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $79.33 on Monday. The business’s fifty day moving average price is $85.56 and its two-hundred day moving average price is $87.73. The stock has a market cap of $67.54 billion, a PE ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a one year low of $61.37 and a one year high of $104.40.

Trending Headlines about iShares Gold Trust

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

• Negative Sentiment: Gold prices weakened after the Fed signaled a higher-for-longer rate stance, with some traders now pricing in the possibility of at least one rate hike later this year. Hawkish Fed keeps pressure on gold as physical premiums soften – Kitco PM Report
• Negative Sentiment: Multiple market outlooks point to gold testing key support levels, with analysts warning the metal could retest the $4,000 area if bearish momentum continues. Gold (XAU/USD) Price Forecast: Support Test Could Shape Next Major Move
• Negative Sentiment: Stronger U.S. labor and manufacturing data, along with a firmer dollar, added to the pressure on precious metals and reinforced the shift away from defensive gold positioning. Gold prices remain under pressure as Philly Fed Survey rebounds to 10.3 in June

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).