Sapient Capital LLC Has $13.02 Million Holdings in iShares Gold Trust $IAU

Sapient Capital LLC lessened its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 7.5% in the first quarter, HoldingsChannel.com reports. The fund owned 147,703 shares of the exchange traded fund’s stock after selling 11,983 shares during the period. Sapient Capital LLC’s holdings in iShares Gold Trust were worth $13,021,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of IAU. Steelhead Wealth Management LLC bought a new position in shares of iShares Gold Trust in the 1st quarter valued at $212,000. J. R. Prunier Capital Management LLC lifted its position in shares of iShares Gold Trust by 0.8% during the 1st quarter. J. R. Prunier Capital Management LLC now owns 19,505 shares of the exchange traded fund’s stock worth $1,720,000 after buying an additional 150 shares during the last quarter. Curry Webb Wealth Management LLC acquired a new stake in iShares Gold Trust in the first quarter valued at about $427,000. FAS Wealth Partners Inc. bought a new position in iShares Gold Trust in the first quarter valued at about $207,000. Finally, Contango Wealth Management LLC grew its position in iShares Gold Trust by 136.0% in the first quarter. Contango Wealth Management LLC now owns 18,787 shares of the exchange traded fund’s stock valued at $1,656,000 after acquiring an additional 10,826 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $76.17 on Monday. The company has a market cap of $62.91 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 12 month low of $61.99 and a 12 month high of $104.40. The stock has a 50-day moving average price of $78.68 and a two-hundred day moving average price of $86.56.

Key iShares Gold Trust News

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

• Positive Sentiment: Strong central-bank purchases in the second quarter, along with resilient Asian demand, continue to provide a long-term fundamental tailwind for gold and IAU. Gold and silver price forecast and World Gold Council report
• Positive Sentiment: Analysts increasingly view gold near $4,000 as an attractive value area, suggesting support for IAU if prices hold above that level. Gold has value at $4,000 as investors look beyond Fed hawkishness
• Neutral Sentiment: Gold remains range-bound, roughly between $4,000 and $4,200, as investors await clearer signals on interest rates and Middle East developments. The Fed’s rate hold and softer inflation data offered some support, but did not establish a new trend. Gold weekly price analysis
• Negative Sentiment: Long-term Treasury yields reached levels last seen in 2007, increasing the opportunity cost of holding gold. Better-than-expected U.S. consumer sentiment and easing one-year inflation expectations also reduced immediate demand for the metal as an inflation hedge. Gold pulls back as Treasury yields test new highs

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).