Spinnaker Trust Decreases Stake in iShares Gold Trust $IAU

Spinnaker Trust reduced its stake in iShares Gold Trust (NYSEARCA:IAU) by 7.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 416,028 shares of the exchange traded fund’s stock after selling 32,490 shares during the quarter. iShares Gold Trust comprises about 1.8% of Spinnaker Trust’s portfolio, making the stock its 11th largest holding. Spinnaker Trust’s holdings in iShares Gold Trust were worth $33,769,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Godfrey Financial Associates Inc. purchased a new position in shares of iShares Gold Trust in the 4th quarter valued at approximately $25,000. Abich Financial Wealth Management LLC purchased a new position in shares of iShares Gold Trust in the 3rd quarter valued at approximately $25,000. Gables Capital Management Inc. raised its position in shares of iShares Gold Trust by 173.1% in the 4th quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 225 shares during the last quarter. Dakota Community Bank & Trust NA purchased a new position in shares of iShares Gold Trust in the 4th quarter valued at approximately $30,000. Finally, Key Capital Management INC purchased a new position in shares of iShares Gold Trust in the 4th quarter valued at approximately $32,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 1.4%

Shares of iShares Gold Trust stock opened at $84.27 on Tuesday. The firm has a market capitalization of $71.74 billion, a P/E ratio of 5.53 and a beta of 0.16. The company has a 50 day moving average price of $87.07 and a 200 day moving average price of $87.43. iShares Gold Trust has a 52 week low of $61.37 and a 52 week high of $104.40.

Key iShares Gold Trust News

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

• Positive Sentiment: Some traders see gold’s longer-term outlook as constructive, arguing that inflation, rising sovereign debt, and Federal Reserve policy constraints could support the metal over time. Fed trapped between inflation and debt crisis, and gold wins either way – Sprott’s McIntyre
• Positive Sentiment: Gold and silver found some support from technical buying after defending important levels, with one forecast noting that China buying and a recovery in bullion could extend recent gains. Gold (XAUUSD) & Silver Price Forecast: China Buying Supports Metals — Will XAU & XAG Extend Gains?
• Neutral Sentiment: Gold is being pulled between competing forces, with some commentary saying the metal is range-bound as investors balance safe-haven demand against improving risk sentiment. Gold Appears Trapped Between Two Powerful Narratives
• Neutral Sentiment: Geopolitical uncertainty around U.S.-Iran talks and shifting oil prices continued to create short-term volatility rather than a clear directional catalyst for bullion. Gold Declines as Uncertainty Clouds U.S.-Iran Talks
• Negative Sentiment: Gold prices have been slipping as stronger economic data, firmer Treasury yields, and a rebound in the dollar reduce demand for non-yielding assets like bullion. Gold falls as oil jumps on U.S.-Iran deadlock – Kitco PM Report
• Negative Sentiment: The latest ISM Manufacturing PMI beat expectations, reinforcing the view that the U.S. economy remains resilient and helping push gold toward session lows. Spot gold trades near $4,460/oz after ISM Manufacturing PMI rises to 54
• Negative Sentiment: Multiple market forecasts highlighted downside pressure from a stronger dollar, higher oil prices, and reduced expectations for near-term Fed rate cuts, all of which can weigh on IAU. Gold News: Rising Oil Prices Darken Gold Price Future Before Payrolls

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).