James Investment Research Inc. Sells 54,352 Shares of iShares Gold Trust $IAU

James Investment Research Inc. cut its stake in iShares Gold Trust (NYSEARCA:IAU) by 16.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 284,994 shares of the exchange traded fund’s stock after selling 54,352 shares during the period. iShares Gold Trust makes up about 2.8% of James Investment Research Inc.’s holdings, making the stock its 5th largest holding. James Investment Research Inc.’s holdings in iShares Gold Trust were worth $25,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. acquired a new position in iShares Gold Trust during the fourth quarter worth $25,000. Monetary Solutions Ltd acquired a new stake in shares of iShares Gold Trust in the 4th quarter worth $26,000. Merkkuri Wealth Advisors LLC acquired a new stake in shares of iShares Gold Trust in the 1st quarter worth $26,000. Fairway Wealth LLC raised its holdings in shares of iShares Gold Trust by 525.0% during the 1st quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 252 shares during the period. Finally, Rossby Financial LCC raised its holdings in shares of iShares Gold Trust by 75.7% during the 4th quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 140 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

Key Stories Impacting iShares Gold Trust

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

• Positive Sentiment: Gold prices rebounded as weaker U.S. labor and manufacturing data boosted expectations for easier Fed policy, which is generally supportive for IAU. Gold trades near session highs after ADP says net 98K jobs were added in June
• Positive Sentiment: The World Gold Council said central-bank buying and long-term investor demand should help limit downside risk and leave room for gold to recover later this year. These are the key factors that could restart the gold rally this year, or drive prices even lower – World Gold Council H2 Outlook
• Positive Sentiment: Several analysts and banks remained constructive on gold despite the pullback, arguing that official-sector demand could drive a renewed rally. Central banks see gold prices trading between $5,000 and $6,000 in 12 months – OMFIF Survey
• Positive Sentiment: Gold remains underpinned by buying near the $4,000 level, suggesting some investors still see value after the recent correction. Gold Price Analysis – Gold Continues to See Support at 4K
• Neutral Sentiment: Other reports said gold is still in a broader bearish consolidation phase, so the rebound may remain fragile unless upcoming jobs data weakens rates and the dollar further. Gold (XAU/USD) Price Forecast: Downtrend Holds Amid Resistance Test
• Negative Sentiment: Gold’s recent slump, the worst monthly/quarterly stretch in years, reflects pressure from higher Treasury yields, a stronger dollar, and renewed Fed-hike concerns. Gold prices fall further after worst quarter in 13 years as interest rate fears hit bullion

iShares Gold Trust Trading Up 0.6%

Shares of IAU stock opened at $75.96 on Thursday. The company’s 50-day moving average price is $83.33 and its 200-day moving average price is $87.55. The stock has a market cap of $62.74 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a twelve month low of $61.60 and a twelve month high of $104.40.

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).