iShares Gold Trust $IAU Shares Sold by Ipsen Advisor Group LLC

Ipsen Advisor Group LLC cut its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 35.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 25,691 shares of the exchange traded fund’s stock after selling 14,093 shares during the quarter. iShares Gold Trust comprises 1.6% of Ipsen Advisor Group LLC’s portfolio, making the stock its 20th biggest position. Ipsen Advisor Group LLC’s holdings in iShares Gold Trust were worth $2,265,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. LPL Financial LLC boosted its holdings in shares of iShares Gold Trust by 1.5% in the 4th quarter. LPL Financial LLC now owns 13,742,286 shares of the exchange traded fund’s stock valued at $1,115,461,000 after acquiring an additional 203,528 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of iShares Gold Trust by 2.0% during the fourth quarter. Wells Fargo & Company MN now owns 13,136,955 shares of the exchange traded fund’s stock worth $1,066,327,000 after purchasing an additional 260,541 shares during the last quarter. Citigroup Inc. raised its holdings in shares of iShares Gold Trust by 35.7% during the fourth quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock worth $584,531,000 after purchasing an additional 1,893,594 shares during the last quarter. Ameriprise Financial Inc. lifted its position in iShares Gold Trust by 2.3% during the second quarter. Ameriprise Financial Inc. now owns 6,616,480 shares of the exchange traded fund’s stock valued at $412,563,000 after purchasing an additional 148,881 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in iShares Gold Trust by 18.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,595,990 shares of the exchange traded fund’s stock valued at $535,396,000 after purchasing an additional 1,019,135 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $76.17 on Friday. The firm’s fifty day moving average is $78.68 and its two-hundred day moving average is $86.56. The firm has a market cap of $62.91 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a one year low of $61.99 and a one year high of $104.40.

More iShares Gold Trust News

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

• Positive Sentiment: Strong central-bank purchases in the second quarter, along with resilient Asian demand, continue to provide a long-term fundamental tailwind for gold and IAU. Gold and silver price forecast and World Gold Council report
• Positive Sentiment: Analysts increasingly view gold near $4,000 as an attractive value area, suggesting support for IAU if prices hold above that level. Gold has value at $4,000 as investors look beyond Fed hawkishness
• Neutral Sentiment: Gold remains range-bound, roughly between $4,000 and $4,200, as investors await clearer signals on interest rates and Middle East developments. The Fed’s rate hold and softer inflation data offered some support, but did not establish a new trend. Gold weekly price analysis
• Negative Sentiment: Long-term Treasury yields reached levels last seen in 2007, increasing the opportunity cost of holding gold. Better-than-expected U.S. consumer sentiment and easing one-year inflation expectations also reduced immediate demand for the metal as an inflation hedge. Gold pulls back as Treasury yields test new highs

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).