iShares Gold Trust $IAU Stock Position Reduced by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC trimmed its position in iShares Gold Trust (NYSEARCA:IAU) by 11.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 316,911 shares of the exchange traded fund’s stock after selling 41,520 shares during the period. iShares Gold Trust accounts for about 1.4% of Checchi Capital Advisers LLC’s portfolio, making the stock its 8th largest position. Checchi Capital Advisers LLC’s holdings in iShares Gold Trust were worth $27,939,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. CIBC Bancorp USA Inc. purchased a new stake in shares of iShares Gold Trust during the 3rd quarter valued at approximately $193,639,000. Concurrent Investment Advisors LLC lifted its holdings in iShares Gold Trust by 381.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 2,534,729 shares of the exchange traded fund’s stock valued at $205,744,000 after acquiring an additional 2,008,288 shares during the last quarter. Citigroup Inc. grew its position in iShares Gold Trust by 35.7% in the fourth quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock worth $584,531,000 after acquiring an additional 1,893,594 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in iShares Gold Trust by 18.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,595,990 shares of the exchange traded fund’s stock worth $535,396,000 after acquiring an additional 1,019,135 shares during the period. Finally, Orion Porfolio Solutions LLC increased its stake in iShares Gold Trust by 503.7% during the second quarter. Orion Porfolio Solutions LLC now owns 930,318 shares of the exchange traded fund’s stock worth $58,015,000 after acquiring an additional 776,215 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

Trending Headlines about iShares Gold Trust

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 Up 1.4%

IAU stock opened at $76.27 on Wednesday. iShares Gold Trust has a 52-week low of $61.60 and a 52-week high of $104.40. The stock has a market cap of $62.99 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. The business has a fifty day moving average of $81.47 and a two-hundred day moving average of $87.22.

iShares Gold Trust 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).