Cambridge Associates LLC MA ADV Cuts Stock Holdings in iShares Gold Trust $IAU

Cambridge Associates LLC MA ADV trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 14.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 750,805 shares of the exchange traded fund’s stock after selling 122,435 shares during the quarter. iShares Gold Trust makes up about 0.9% of Cambridge Associates LLC MA ADV’s portfolio, making the stock its 13th biggest holding. Cambridge Associates LLC MA ADV’s holdings in iShares Gold Trust were worth $60,943,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Beacon Financial Advisory LLC grew its position in shares of iShares Gold Trust by 12.4% during the 4th quarter. Beacon Financial Advisory LLC now owns 12,908 shares of the exchange traded fund’s stock valued at $1,048,000 after acquiring an additional 1,421 shares during the period. Bluedoor Private Wealth LLC acquired a new stake in shares of iShares Gold Trust during the 4th quarter valued at about $4,463,000. Portfolio Resources Advisor Group Inc. acquired a new stake in shares of iShares Gold Trust during the 4th quarter valued at about $1,576,000. Sargent Investment Group LLC acquired a new stake in shares of iShares Gold Trust during the 4th quarter valued at about $233,000. Finally, MML Investors Services LLC grew its position in shares of iShares Gold Trust by 4.9% during the 4th quarter. MML Investors Services LLC now owns 2,106,672 shares of the exchange traded fund’s stock valued at $170,999,000 after acquiring an additional 98,324 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 0.3%

NYSEARCA:IAU opened at $81.50 on Wednesday. iShares Gold Trust has a 52 week low of $61.37 and a 52 week high of $104.40. The stock has a market capitalization of $69.39 billion, a PE ratio of 5.53 and a beta of 0.15. The stock’s 50-day moving average price is $86.10 and its 200-day moving average price is $87.72.

iShares Gold Trust News Roundup

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

• Positive Sentiment: Gold prices rose as lower oil prices and falling Treasury yields reduced inflation pressure and rate-hike worries, supporting the outlook for IAU. Gold News: Gold Breakout Stalls as Traders Await Key Fed Rate Signals
• Positive Sentiment: Analysts said gold remains in a bullish long-term trend, with support from inflation concerns, policy uncertainty, and steady central-bank buying. Gold is still stuck in a holding pattern, but the bullish long-term case remains intact, says Tanglewood’s Bruce
• Positive Sentiment: Wall Street analysts are increasingly positive on gold, citing potential geopolitical easing and an expected rebound in prices. Wall Street’s Gold Analysts Are Pricing in Middle-East Peace—and They See a ‘Rebound’ Coming
• Positive Sentiment: Record central-bank buying plans and strong official-sector demand continue to underpin gold prices. Record 45% of central banks plan to increase gold holdings, WGC survey finds
• Neutral Sentiment: Near-term charts suggest gold is still consolidating after a strong move, so IAU may stay volatile until investors get clearer Fed and inflation signals. Gold is still stuck in a holding pattern, but the bullish long-term case remains intact, says Tanglewood’s Bruce
• Negative Sentiment: Gold funds saw sizable outflows last week as some investors rotated toward risk assets, which could temper near-term momentum for IAU. Gold funds see $2B in weekly outflows as investors pivot toward risk assets

About iShares Gold Trust

(Free Report)

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).

See Also

• Five stocks we like better than iShares Gold Trust
• Gravity Check: Houston, SpaceX Has a Valuation Problem
• Strategy’s Bitcoin Rally Has a Hidden Engine
• Okta’s AI Moment May Be Bigger Than Investors Realize
• 3 Rate-Ready Stocks for the New Fed Chair’s First Big Test

Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAU – Free Report).