iShares Gold Trust $IAU Stake Cut by Legacy Wealth Partners LLC

Legacy Wealth Partners LLC cut its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 74.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,196 shares of the exchange traded fund’s stock after selling 9,471 shares during the quarter. Legacy Wealth Partners LLC’s holdings in iShares Gold Trust were worth $282,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Discipline Wealth Solutions LLC grew its position in iShares Gold Trust by 5.0% during the first quarter. Discipline Wealth Solutions LLC now owns 77,256 shares of the exchange traded fund’s stock valued at $6,811,000 after purchasing an additional 3,676 shares in the last quarter. Summit Wealth Partners LLC boosted its stake in shares of iShares Gold Trust by 69.9% during the 1st quarter. Summit Wealth Partners LLC now owns 10,900 shares of the exchange traded fund’s stock valued at $961,000 after buying an additional 4,485 shares during the period. IFC & Insurance Marketing Inc. boosted its stake in shares of iShares Gold Trust by 11.6% during the 1st quarter. IFC & Insurance Marketing Inc. now owns 8,010 shares of the exchange traded fund’s stock valued at $706,000 after buying an additional 832 shares during the period. Rainier Family Wealth Inc. purchased a new position in shares of iShares Gold Trust during the 1st quarter valued at $966,000. Finally, Values First Advisors Inc. grew its holdings in shares of iShares Gold Trust by 10.2% during the 1st quarter. Values First Advisors Inc. now owns 23,891 shares of the exchange traded fund’s stock valued at $2,106,000 after acquiring an additional 2,216 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

Key Headlines Impacting iShares Gold Trust

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

• Positive Sentiment: Some strategists argue the recent pullback in gold has created an attractive entry point for longer-term investors, especially as structural de-dollarization trends remain in place. Gold’s pullback creates attractive entry as de-dollarization turns structural – KMLM’s Prior
• Positive Sentiment: China’s gold imports hit a 26-month high in May, suggesting robust physical demand from the world’s largest gold market. China gold imports hit 26-month high in May, up 76% YTD
• Positive Sentiment: Gold found some support after U.S. data showed stronger-than-expected June PMI readings, helping it recover from earlier session lows. Spot gold rises from session lows as flash S&P composite PMI improves to 52.2
• Neutral Sentiment: Gold is testing a key support zone, and the next move will likely depend on whether buyers defend that area or sellers regain control. Gold (XAU/USD) Price Forecast: Support Zone Faces Critical Test
• Neutral Sentiment: Some commentary suggests gold could stabilize if geopolitical risks or policy uncertainty reassert themselves, though the near-term tone remains mixed. Gold Falls; Macro Challenges to Persist in Near Term
• Negative Sentiment: Gold futures settled lower as macro pressures persisted, with the metal and silver both falling for a third straight session. Comex Gold Settles 1.24% Lower at $4129.90
• Negative Sentiment: Deutsche Bank cut its 2026 gold targets, citing reduced investor demand and Fed repricing as major headwinds. Deutsche Bank cuts 2026 gold price targets to $4,300/oz for Q3, $4,800/oz in Q4 as investor demand drops
• Negative Sentiment: Other banks also turned less bullish, with BMO and Morgan Stanley highlighting that hawkish Fed policy and weak ETF inflows could limit gold’s upside. BMO cuts gold price forecast as Fed’s hawkish shift weighs on precious metals
• Negative Sentiment: Gold remains under pressure from a stronger dollar, higher rate-hike odds, and forecasts warning of additional downside if support levels fail. Gold (XAUUSD) Price Forecast: Strong Dollar, PCE Report Threaten More Downside

iShares Gold Trust Trading Down 1.9%

NYSEARCA IAU opened at $77.33 on Wednesday. iShares Gold Trust has a 1-year low of $61.37 and a 1-year high of $104.40. The firm’s fifty day simple moving average is $85.10 and its 200-day simple moving average is $87.71. The company has a market capitalization of $65.83 billion, a PE ratio of 5.53 and a beta of 0.15.

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).