Robinson Value Management Ltd. Has $4.49 Million Stock Holdings in iShares Gold Trust $IAU

Robinson Value Management Ltd. trimmed its position in iShares Gold Trust (NYSEARCA:IAU) by 14.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 50,918 shares of the exchange traded fund’s stock after selling 8,924 shares during the quarter. iShares Gold Trust makes up 2.5% of Robinson Value Management Ltd.’s holdings, making the stock its 12th largest position. Robinson Value Management Ltd.’s holdings in iShares Gold Trust were worth $4,489,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of IAU. CIBC Bancorp USA Inc. acquired a new position in iShares Gold Trust during the third quarter worth approximately $193,639,000. Concurrent Investment Advisors LLC lifted its position in shares of 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 buying an additional 2,008,288 shares during the last quarter. Citigroup Inc. lifted its position in shares of 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 valued at $584,531,000 after buying an additional 1,893,594 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares Gold Trust by 18.3% during the 4th 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 boosted its stake in shares of iShares Gold Trust by 503.7% during the 2nd 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 period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting iShares Gold Trust

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

• Positive Sentiment: Gold prices edged higher after weaker U.S. CPI and PPI reports eased rate-pressure expectations, which typically benefits non-yielding assets like gold and, in turn, IAU. Gold edges higher, silver slips as oil keeps inflation risk alive – Kitco PM Report
• Positive Sentiment: Gold stayed firm above the $4,000 level as investors looked past inflation fears, while talk of continued central-bank and sovereign demand added a supportive longer-term backdrop. Fed won’t hike but hold, Warsh may have started too hawkish, and U.S. policy is driving sovereign gold demand – Natixis’ Christopher Hodge
• Positive Sentiment: Multiple reports said gold regained momentum after inflation data came in softer than expected, helping the metal defend key support and improving near-term sentiment for gold-backed funds. Gold finding its footing as US producer prices fall in June
• Neutral Sentiment: Gold is still facing resistance near the $4,100 area, so gains may remain choppy unless bullish momentum improves. Gold (XAU/USD) Price Forecast: Can Gold Break Out Above Key Resistance?
• Negative Sentiment: Some commentary noted that higher oil prices and rising Treasury yields can keep inflation risks elevated and cap further upside in gold, which could limit IAU’s near-term advance. Gold Flat Amid Rising Oil Prices

iShares Gold Trust Trading Up 0.0%

IAU stock opened at $76.28 on Thursday. iShares Gold Trust has a 1-year low of $61.60 and a 1-year high of $104.40. The business’s 50 day simple moving average is $81.23 and its 200 day simple moving average is $87.16. The firm has a market capitalization of $63.00 billion, a PE ratio of 5.53 and a beta of 0.18.

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).