iShares Gold Trust $IAU Shares Sold by Compound Planning Inc.

Compound Planning Inc. decreased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 6.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,094 shares of the exchange traded fund’s stock after selling 8,263 shares during the period. Compound Planning Inc.’s holdings in iShares Gold Trust were worth $10,588,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Schmidt P J Investment Management Inc. boosted its stake in iShares Gold Trust by 1.1% during the 4th quarter. Schmidt P J Investment Management Inc. now owns 9,362 shares of the exchange traded fund’s stock valued at $760,000 after purchasing an additional 106 shares in the last quarter. Foster Group Inc. raised its stake in shares of iShares Gold Trust by 2.4% in the 4th quarter. Foster Group Inc. now owns 5,126 shares of the exchange traded fund’s stock worth $416,000 after buying an additional 120 shares in 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 valued at $294,000 after buying an additional 120 shares during the period. Evolution Wealth Management Inc. lifted its holdings in shares of iShares Gold Trust by 40.3% in the first quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 124 shares during the period. Finally, 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 valued at $493,000 after buying an additional 125 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Down 2.0%

Shares of IAU stock opened at $76.15 on Friday. The stock has a 50-day simple moving average of $79.74 and a 200 day simple moving average of $86.91. The stock has a market capitalization of $62.89 billion, a P/E ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a fifty-two week low of $61.60 and a fifty-two 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 investors still see the pullback in gold as healthy profit-taking rather than a breakdown in the longer-term uptrend, suggesting support may hold near current levels.
• Positive Sentiment: Several market commentators, including John Paulson, reiterated that the gold bull market may still be in its early stages, pointing to ongoing central bank buying and broadening investor demand.
• Neutral Sentiment: Technical analysts say gold is trapped between support near $4,000 and resistance around $4,200, so near-term direction may depend on whether buyers can defend key levels.
• Neutral Sentiment: Central bank and sovereign buying remains part of the longer-term support story for gold, but recent headlines also note that the market is consolidating after a sharp run-up.
• Negative Sentiment: Spot gold fell sharply as higher Treasury yields, a firmer U.S. dollar, and stronger-than-expected U.S. weekly jobless claims data pressured precious metals. Article Title
• Negative Sentiment: Recent market commentary also says gold is struggling to hold gains above $4,100, with rising rates and a stronger dollar creating near-term headwinds for bullion and gold-backed funds like IAU.

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).