Rehmann Capital Advisory Group Has $9.46 Million Stock Position in iShares Gold Trust $IAU

Rehmann Capital Advisory Group reduced its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 116,582 shares of the exchange traded fund’s stock after selling 8,780 shares during the quarter. Rehmann Capital Advisory Group’s holdings in iShares Gold Trust were worth $9,461,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Schmidt P J Investment Management Inc. grew its position in iShares Gold Trust by 1.1% in the fourth quarter. Schmidt P J Investment Management Inc. now owns 9,362 shares of the exchange traded fund’s stock valued at $760,000 after acquiring an additional 106 shares during the last quarter. Foster Group Inc. lifted its holdings in shares of iShares Gold Trust by 2.4% in the fourth quarter. Foster Group Inc. now owns 5,126 shares of the exchange traded fund’s stock worth $416,000 after acquiring an additional 120 shares during the last quarter. Haverford Trust Co lifted its holdings in shares of iShares Gold Trust by 3.4% in the fourth quarter. Haverford Trust Co now owns 3,617 shares of the exchange traded fund’s stock worth $294,000 after acquiring an additional 120 shares during the last quarter. Brooks Moore & Associates Inc. lifted its holdings in shares of 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. Finally, Nemes Rush Group LLC boosted its stake in shares of 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 purchasing an additional 130 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock opened at $79.33 on Friday. The firm has a market capitalization of $67.54 billion, a PE ratio of 5.53 and a beta of 0.15. The firm’s 50 day moving average is $85.56 and its 200 day moving average is $87.67. iShares Gold Trust has a 1 year low of $61.37 and a 1 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

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).