Whittier Trust Co. Decreases Stock Holdings in iShares Gold Trust $IAU

Whittier Trust Co. trimmed its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 11.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,945 shares of the exchange traded fund’s stock after selling 7,609 shares during the quarter. Whittier Trust Co.’s holdings in iShares Gold Trust were worth $4,989,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Godfrey Financial Associates Inc. purchased a new position in shares of iShares Gold Trust in the 4th quarter worth approximately $25,000. Monetary Solutions Ltd purchased a new stake in shares of iShares Gold Trust in the fourth quarter valued at $26,000. Merkkuri Wealth Advisors LLC purchased a new stake in shares of iShares Gold Trust in the first quarter valued at $26,000. Fairway Wealth LLC raised its position in iShares Gold Trust by 525.0% in the 1st quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 252 shares during the period. Finally, Rossby Financial LCC raised its position in iShares Gold Trust by 75.7% in the 4th quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 140 shares during the period. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust News Summary

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

• Positive Sentiment: Gold prices are holding above key support levels, helped by softer U.S. labor data, which is boosting hopes for easier Fed policy and supporting bullion-backed ETFs like IAU. Gold holds above $4,100 as Fed minutes, Hormuz risk lift yields – Kitco AM Report
• Positive Sentiment: Market commentary says official-sector demand and constrained mine supply continue to underpin gold, reinforcing the long-term bullish case for gold exposure. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks Trendline at $4,127 as Silver Holds $60.69 Ahead of FOMC — Next Move?
• Positive Sentiment: Analysts maintained a bullish longer-term outlook, with one note keeping a $4,600 gold target on expectations that central banks may ramp up buying. Natixis sticks with $4,600 gold target as central banks prepare to ramp up buying
• Neutral Sentiment: Several reports suggest gold is consolidating after a strong run, with traders watching Fed minutes and U.S. economic data for the next directional catalyst. Gold Falls as Investors Await Fed Minutes
• Negative Sentiment: Gold has also faced resistance near the $4,200 area, and a firmer dollar and higher Treasury yields have recently pressured prices, which can weigh on IAU in the near term. Gold slips as Fed minutes loom, Hormuz risk eases oil shock – Kitco AM Report

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU traded down $0.24 during trading hours on Tuesday, hitting $78.06. 764,459 shares of the company’s stock traded hands, compared to its average volume of 11,503,471. iShares Gold Trust has a 1 year low of $61.60 and a 1 year high of $104.40. The business has a fifty day moving average price of $82.69 and a 200-day moving average price of $87.48. The firm has a market capitalization of $64.47 billion, a P/E ratio of 5.53 and a beta of 0.18.

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).