Northwestern Mutual Wealth Management Co. Sells 129,485 Shares of iShares Gold Trust $IAU

Northwestern Mutual Wealth Management Co. decreased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,320,401 shares of the exchange traded fund’s stock after selling 129,485 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.77% of iShares Gold Trust worth $477,253,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of IAU. Wedbush Securities Inc. increased its stake in iShares Gold Trust by 18.2% in the second quarter. Wedbush Securities Inc. now owns 54,861 shares of the exchange traded fund’s stock valued at $4,143,000 after acquiring an additional 8,462 shares during the last quarter. Spinnaker Trust raised its holdings in shares of iShares Gold Trust by 1.2% during the 2nd quarter. Spinnaker Trust now owns 422,086 shares of the exchange traded fund’s stock worth $31,872,000 after buying an additional 4,867 shares in the last quarter. Greenleaf Trust lifted its position in shares of iShares Gold Trust by 6.3% during the 2nd quarter. Greenleaf Trust now owns 12,280 shares of the exchange traded fund’s stock worth $927,000 after buying an additional 725 shares during the last quarter. Capital Advisors Inc. OK boosted its stake in iShares Gold Trust by 7.0% in the second quarter. Capital Advisors Inc. OK now owns 104,567 shares of the exchange traded fund’s stock valued at $7,896,000 after buying an additional 6,850 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in iShares Gold Trust by 4.1% in the second quarter. Hsbc Holdings PLC now owns 650,137 shares of the exchange traded fund’s stock valued at $49,081,000 after buying an additional 25,639 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust News Summary

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

• Positive Sentiment: Analysts at Julius Baer said the Treasury’s increased bond-buyback plans are renewing concerns about U.S. fiscal policy and potential dollar debasement. Those concerns could encourage investors to add exposure to gold through funds such as IAU. Treasury’s ramped-up bond buybacks soften the U.S. dollar and boost the gold price – Julius Baer
• Positive Sentiment: Unusually heavy IAU call-option activity suggests some traders are positioning for a rebound or further upside in the gold ETF, with call volume running well above its typical level.
• Positive Sentiment: Longer-term bullish forecasts remain supportive: Crescat’s Kevin Smith argued that expanding global money supply and unsustainable government debt could sustain gold’s secular bull market. Gold price is going to $20,000 as the Fed is ‘powerless’ to fight inflation
• Neutral Sentiment: Renewed U.S.-Iran and Gulf tensions are lifting oil prices and creating competing forces for gold: geopolitical risk supports safe-haven demand, while higher energy prices raise inflation and interest-rate concerns. Gold price slips as oil spike, Fed-hike odds hit risk appetite
• Negative Sentiment: Fed Chair Kevin Warsh’s hawkish remarks increased expectations for a September rate hike. Higher yields and a firmer dollar raise the opportunity cost of holding non-yielding gold, weighing on IAU. Gold slips as Warsh repricing, Hormuz oil spike lift rate risk
• Negative Sentiment: Gold ETF inflows have reversed following the hawkish Fed signal, raising the risk of additional selling pressure across gold-backed funds. Technical analysts are also watching key support levels after the recent selloff. Gold ETF Inflows Reverse Course as Warsh’s Hawkish Speech Crushes GLDM’s Summer Rally

iShares Gold Trust Trading Down 0.1%

Shares of NYSEARCA IAU opened at $83.71 on Tuesday. The company has a market cap of $69.14 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 12 month low of $64.41 and a 12 month high of $104.40. The stock has a 50-day moving average price of $79.19 and a two-hundred day moving average price of $85.21.

iShares Gold Trust Company 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).