Midwest Capital Advisors LLC Lowers Holdings in iShares Gold Trust $IAU

Midwest Capital Advisors LLC trimmed its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 57.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,263 shares of the exchange traded fund’s stock after selling 63,542 shares during the period. iShares Gold Trust comprises 1.9% of Midwest Capital Advisors LLC’s holdings, making the stock its 15th largest position. Midwest Capital Advisors LLC’s holdings in iShares Gold Trust were worth $4,167,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Essex Financial Services Inc. grew its stake in shares of iShares Gold Trust by 10.3% during the 1st quarter. Essex Financial Services Inc. now owns 16,727 shares of the exchange traded fund’s stock worth $1,475,000 after purchasing an additional 1,556 shares during the period. Cassia Capital Partners LLC purchased a new position in shares of iShares Gold Trust during the 1st quarter valued at approximately $217,000. Fulton Bank N.A. lifted its stake in shares of iShares Gold Trust by 2.6% in the 1st quarter. Fulton Bank N.A. now owns 5,742 shares of the exchange traded fund’s stock valued at $506,000 after purchasing an additional 147 shares during the period. Whelan Financial lifted its stake in shares of iShares Gold Trust by 98.7% in the 1st quarter. Whelan Financial now owns 6,914 shares of the exchange traded fund’s stock valued at $610,000 after purchasing an additional 3,435 shares during the period. Finally, Financial Life Planners purchased a new stake in iShares Gold Trust during the first quarter worth $60,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting iShares Gold Trust

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

• Positive Sentiment: Gold prices rebounded as weaker U.S. labor and manufacturing data boosted expectations for easier Fed policy, which is generally supportive for IAU. Gold trades near session highs after ADP says net 98K jobs were added in June
• Positive Sentiment: The World Gold Council said central-bank buying and long-term investor demand should help limit downside risk and leave room for gold to recover later this year. These are the key factors that could restart the gold rally this year, or drive prices even lower – World Gold Council H2 Outlook
• Positive Sentiment: Several analysts and banks remained constructive on gold despite the pullback, arguing that official-sector demand could drive a renewed rally. Central banks see gold prices trading between $5,000 and $6,000 in 12 months – OMFIF Survey
• Positive Sentiment: Gold remains underpinned by buying near the $4,000 level, suggesting some investors still see value after the recent correction. Gold Price Analysis – Gold Continues to See Support at 4K
• Neutral Sentiment: Other reports said gold is still in a broader bearish consolidation phase, so the rebound may remain fragile unless upcoming jobs data weakens rates and the dollar further. Gold (XAU/USD) Price Forecast: Downtrend Holds Amid Resistance Test
• Negative Sentiment: Gold’s recent slump, the worst monthly/quarterly stretch in years, reflects pressure from higher Treasury yields, a stronger dollar, and renewed Fed-hike concerns. Gold prices fall further after worst quarter in 13 years as interest rate fears hit bullion

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $75.96 on Thursday. The company has a market capitalization of $62.74 billion, a PE ratio of 5.53 and a beta of 0.18. The company’s fifty day moving average price is $83.33 and its 200 day moving average price is $87.55. iShares Gold Trust has a 1 year low of $61.60 and a 1 year high of $104.40.

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).