Valued Retirements Inc. Sells 11,500 Shares of iShares Gold Trust $IAU

Valued Retirements Inc. lessened its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 32.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 23,701 shares of the exchange traded fund’s stock after selling 11,500 shares during the period. iShares Gold Trust accounts for about 1.6% of Valued Retirements Inc.’s investment portfolio, making the stock its 20th biggest holding. Valued Retirements Inc.’s holdings in iShares Gold Trust were worth $1,790,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of IAU. Citigroup Inc. raised its stake in shares of iShares Gold Trust by 35.7% in the fourth quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock worth $584,531,000 after buying an additional 1,893,594 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in iShares Gold Trust by 18.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,595,990 shares of the exchange traded fund’s stock worth $535,396,000 after buying an additional 1,019,135 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in iShares Gold Trust in the 2nd quarter worth $76,854,000. Orion Porfolio Solutions LLC boosted its stake in shares of iShares Gold Trust by 503.7% in the second quarter. Orion Porfolio Solutions LLC now owns 930,318 shares of the exchange traded fund’s stock worth $58,015,000 after acquiring an additional 776,215 shares during the period. Finally, VCU Investment Management Co purchased a new stake in shares of iShares Gold Trust during the fourth quarter worth about $61,835,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 1.9%

Shares of IAU opened at $84.10 on Friday. The business’s 50 day moving average is $79.59 and its 200 day moving average is $84.97. The company has a market capitalization of $69.46 billion, a PE ratio of 5.53 and a beta of 0.19. iShares Gold Trust has a 12-month low of $66.61 and a 12-month high of $104.40.

Key Stories Impacting iShares Gold Trust

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

• Positive Sentiment: Gold prices broke above near-term resistance and reclaimed important technical levels, improving the outlook for a move toward $4,852 and potentially higher. Gold Price Forecast: Breakout Targets $4,852 and Beyond
• Positive Sentiment: Falling Treasury yields and a less-hawkish tone from Fed Governor Christopher Waller reduced the opportunity cost of holding non-yielding gold. Markets are now focused on whether employment data will further weaken expectations for rate hikes. Gold price nears $4,500 as jobs data, Waller ease yield pressure
• Positive Sentiment: Central banks bought a net 23 tonnes of gold in July, led by China and Poland, reinforcing the longer-term demand backdrop for IAU. Central banks add 23 net tonnes of gold in July
• Positive Sentiment: Strategists at Société Générale, Schroders and RBC remain constructive on gold, citing debt, inflation, de-dollarization, currency risks and geopolitical uncertainty. Their forecasts for prices near or above $5,000 support bullish sentiment. It’s time to get bullish on gold again, says SocGen
• Positive Sentiment: The Netherlands moved roughly 86 tonnes of gold from New York and Ottawa to London, citing geopolitical risks and crisis preparedness. Although this was a storage decision rather than a purchase, it highlights growing official concern about geopolitical and custody risks. Dutch central bank moves gold bars out of U.S. and Canada
• Neutral Sentiment: U.S. services activity strengthened to a better-than-expected 55.4 in August, a sign of economic resilience that could support higher interest rates and limit gold’s upside. Gold price after ISM Services PMI rises
• Negative Sentiment: Friday’s U.S. nonfarm-payrolls report remains the key near-term risk. A stronger-than-expected result could lift yields and rate-hike expectations, pressuring gold and IAU. Gold Price Forecast: $4,500 Test Sets Stage for NFP

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).