Glenmede Trust Co. NA Sells 8,375 Shares of iShares Gold Trust $IAU

Glenmede Trust Co. NA lowered its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 25.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,068 shares of the exchange traded fund’s stock after selling 8,375 shares during the period. Glenmede Trust Co. NA’s holdings in iShares Gold Trust were worth $2,210,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Godfrey Financial Associates Inc. purchased a new stake in shares of iShares Gold Trust during the 4th quarter worth $25,000. Monetary Solutions Ltd purchased a new position in iShares Gold Trust in the fourth quarter valued at about $26,000. Merkkuri Wealth Advisors LLC purchased a new position in iShares Gold Trust in the first quarter valued at about $26,000. Fairway Wealth LLC raised its holdings in iShares Gold Trust by 525.0% in the first quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 252 shares in the last quarter. Finally, Rossby Financial LCC raised its holdings in iShares Gold Trust by 75.7% in the fourth quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 140 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust News Roundup

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

• Positive Sentiment: U.S. private-sector payroll growth came in below expectations, while falling job openings reinforced signs of a cooling labor market. The weaker employment data reduced pressure on the Fed to maintain a hawkish stance, lowering the opportunity cost of holding non-yielding gold. Gold prices push above $4,200 as ADP says 44k jobs created in July
• Positive Sentiment: Hopes for progress on an Iran-related Strait of Hormuz deal have lowered oil prices and inflation concerns, while a weaker dollar and falling yields provided additional support for gold. These factors are directly favorable for IAU, which is backed by physical gold. Gold price soars as Iran talks cut oil and rate-hike odds
• Positive Sentiment: Gold broke out of a multi-week trading range and moved above key technical levels, including its 50-day moving average. Analysts cited persistent central-bank buying, debt concerns and de-dollarization as longer-term forces supporting a secular gold bull market. Gold’s rally has further to run as debt and de-dollarization fuel secular bull market
• Neutral Sentiment: Investors are awaiting Friday’s U.S. nonfarm payrolls report, which could either reinforce expectations for easier monetary policy or revive concerns about higher rates. Gold’s recent breakout also faces resistance near $4,200–$4,203, making employment data a potential source of volatility. Gold and silver price forecast during NFP week
• Negative Sentiment: Higher real yields, the possibility of renewed Fed tightening and a stronger dollar remain risks to gold. IAU is trading above its 50-day average but below its 200-day average, indicating that the longer-term trend has not fully recovered.

iShares Gold Trust Stock Performance

IAU stock opened at $79.85 on Thursday. The firm has a market cap of $65.95 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. The firm has a 50-day simple moving average of $78.26 and a two-hundred day simple moving average of $86.36. iShares Gold Trust has a one year low of $62.48 and a one 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).