iShares Gold Trust $IAU Position Decreased by Sage Rhino Capital LLC

Sage Rhino Capital LLC decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 35.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 194,691 shares of the exchange traded fund’s stock after selling 105,999 shares during the period. iShares Gold Trust comprises 3.2% of Sage Rhino Capital LLC’s portfolio, making the stock its 6th largest holding. Sage Rhino Capital LLC’s holdings in iShares Gold Trust were worth $17,164,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Interactive Financial Advisors Inc. boosted its holdings in iShares Gold Trust by 4.0% in the 1st quarter. Interactive Financial Advisors Inc. now owns 17,951 shares of the exchange traded fund’s stock valued at $1,583,000 after purchasing an additional 687 shares in the last quarter. Kiley Juergens Wealth Management LLC purchased a new position in shares of iShares Gold Trust during the 1st quarter worth approximately $417,000. Arbor Investment Advisors LLC lifted its holdings in shares of iShares Gold Trust by 93.5% in the 1st quarter. Arbor Investment Advisors LLC now owns 6,100 shares of the exchange traded fund’s stock valued at $538,000 after buying an additional 2,948 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of iShares Gold Trust by 4.6% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 128,254 shares of the exchange traded fund’s stock valued at $11,236,000 after buying an additional 5,649 shares during the period. Finally, Columbia Bank purchased a new stake in shares of iShares Gold Trust in the first quarter valued at approximately $271,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Down 0.4%

IAU stock traded down $0.34 on Tuesday, reaching $77.95. 897,653 shares of the company’s stock were exchanged, compared to its average volume of 11,505,006. The stock has a fifty day moving average of $82.69 and a 200-day moving average of $87.48. iShares Gold Trust has a twelve month low of $61.60 and a twelve month high of $104.40. The firm has a market cap of $64.38 billion, a PE ratio of 5.53 and a beta of 0.18.

Trending Headlines about iShares Gold Trust

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

• Positive Sentiment: Gold prices are holding above key support levels, helped by softer U.S. labor data, which is boosting hopes for easier Fed policy and supporting bullion-backed ETFs like IAU. Gold holds above $4,100 as Fed minutes, Hormuz risk lift yields – Kitco AM Report
• Positive Sentiment: Market commentary says official-sector demand and constrained mine supply continue to underpin gold, reinforcing the long-term bullish case for gold exposure. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks Trendline at $4,127 as Silver Holds $60.69 Ahead of FOMC — Next Move?
• Positive Sentiment: Analysts maintained a bullish longer-term outlook, with one note keeping a $4,600 gold target on expectations that central banks may ramp up buying. Natixis sticks with $4,600 gold target as central banks prepare to ramp up buying
• Neutral Sentiment: Several reports suggest gold is consolidating after a strong run, with traders watching Fed minutes and U.S. economic data for the next directional catalyst. Gold Falls as Investors Await Fed Minutes
• Negative Sentiment: Gold has also faced resistance near the $4,200 area, and a firmer dollar and higher Treasury yields have recently pressured prices, which can weigh on IAU in the near term. Gold slips as Fed minutes loom, Hormuz risk eases oil shock – Kitco AM Report

About iShares Gold Trust

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).