Excelsior Advisor Network LLC Trims Position in iShares Gold Trust $IAU

Excelsior Advisor Network LLC lowered its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 11.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 71,573 shares of the exchange traded fund’s stock after selling 9,273 shares during the period. iShares Gold Trust comprises 2.4% of Excelsior Advisor Network LLC’s holdings, making the stock its 8th largest holding. Excelsior Advisor Network LLC’s holdings in iShares Gold Trust were worth $6,310,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of IAU. Godfrey Financial Associates Inc. purchased a new stake in iShares Gold Trust during the fourth quarter worth $25,000. Rossby Financial LCC raised its stake 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 buying an additional 140 shares during the last quarter. Monetary Solutions Ltd purchased a new stake in shares of iShares Gold Trust in the 4th quarter worth about $26,000. Merkkuri Wealth Advisors LLC purchased a new stake in shares of iShares Gold Trust in the 1st quarter worth about $26,000. Finally, Fairway Wealth LLC grew its stake 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 valued at $26,000 after acquiring an additional 252 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.7%

NYSEARCA:IAU opened at $76.78 on Tuesday. The firm has a 50-day moving average price of $79.37 and a two-hundred day moving average price of $86.80. iShares Gold Trust has a twelve month low of $61.60 and a twelve month high of $104.40. The company has a market capitalization of $63.41 billion, a P/E ratio of 5.53 and a beta of 0.18.

iShares Gold Trust News Roundup

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

• Positive Sentiment: Crude oil prices declined after a U.S.-Iran pause in fighting, easing near-term inflation concerns and pushing bond yields and the dollar lower—conditions that generally support gold and IAU. Gold continues to hold $4,000 as U.S.-Iran pause pressures crude oil
• Positive Sentiment: Longer-term demand remains constructive, with central-bank purchases, ETF inflows and rising Asian demand providing support. BMO said China’s gold holdings could surpass U.S. holdings within five years, strengthening the strategic demand outlook for gold. China’s gold stockpile could surpass U.S. holdings
• Positive Sentiment: Analysts at State Street argued that the next major $1,000 move in gold is more likely to be higher if Federal Reserve hawkishness has peaked, offering a potential upside catalyst for IAU once monetary-policy uncertainty clears. Gold’s next $1,000 move is likely higher
• Neutral Sentiment: Gold is consolidating around $4,000 as investors await the Fed’s guidance. The decision and forthcoming PCE inflation report could determine whether precious metals break higher or remain range-bound. Gold and Silver Price Forecast
• Negative Sentiment: Gold has struggled to sustain moves above $4,100, with lackluster Western demand and expectations for restrictive U.S. interest rates limiting safe-haven buying. A stronger dollar, higher yields or a hawkish Fed tone could pressure IAU. Gold remains stuck below $4,100

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).