Ferguson Wellman Capital Management Inc. Purchases Shares of 7,036 iShares Gold Trust $IAU

Ferguson Wellman Capital Management Inc. acquired a new position in iShares Gold Trust (NYSEARCA:IAU) in the 1st quarter, HoldingsChannel reports. The firm acquired 7,036 shares of the exchange traded fund’s stock, valued at approximately $620,000.

A number of other large investors have also recently made changes to their positions in the business. Bank of America Corp DE increased its stake in shares of iShares Gold Trust by 1.5% during the third quarter. Bank of America Corp DE now owns 30,799,504 shares of the exchange traded fund’s stock valued at $2,241,280,000 after buying an additional 456,140 shares during the period. LPL Financial LLC lifted its stake in iShares Gold Trust by 1.5% in the fourth quarter. LPL Financial LLC now owns 13,742,286 shares of the exchange traded fund’s stock worth $1,115,461,000 after acquiring an additional 203,528 shares during the period. Wells Fargo & Company MN lifted its stake in iShares Gold Trust by 2.0% in the fourth quarter. Wells Fargo & Company MN now owns 13,136,955 shares of the exchange traded fund’s stock worth $1,066,327,000 after acquiring an additional 260,541 shares during the period. Citigroup Inc. boosted its holdings in 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 valued at $584,531,000 after acquiring an additional 1,893,594 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in iShares Gold Trust by 2.3% in the second quarter. Ameriprise Financial Inc. now owns 6,616,480 shares of the exchange traded fund’s stock valued at $412,563,000 after acquiring an additional 148,881 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust News Roundup

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

• Neutral Sentiment: Analysts say gold is becoming a more important reserve asset in a multipolar world, which supports the longer-term investment case for IAU even as short-term price action remains weak. Gold is becoming reserve asset new multipolar world Sprotts Paul Wong
• Neutral Sentiment: Recent coverage highlighted IAU as a simple, low-cost way to gain direct exposure to bullion, reinforcing its role as an inflation and dollar-weakness hedge. The Same Gold Rally 79 More Upside Miners vs Bullion Over the Past Year
• Neutral Sentiment: Market commentary suggests gold is testing key support levels near $4,000 as traders wait for CPI data and Fed signals, which could determine whether the current decline deepens or stabilizes. Gold XAUUSD Silver Platinum Forecasts Gold Tests The 4000 Level
• Negative Sentiment: Gold’s safe-haven appeal has faded as the Iran conflict and higher oil prices boost inflation expectations, raising the odds of restrictive Fed policy and weighing on bullion. The War Got Louder The Gold Bounce Faded
• Negative Sentiment: Gold has fallen below key levels as traders price in a more hawkish Fed, with higher yields and a stronger dollar reducing demand for non-yielding assets like bullion. Gold’s Faithful Think Twice as Prices Slide From Record Highs
• Negative Sentiment: Additional reports said gold and silver remain under pressure ahead of U.S. CPI, with oil-driven inflation fears and a stronger dollar continuing to hurt precious metals sentiment. Gold and Silver Price Forecast Oil Surge Tests Key Support Ahead of US CPI

iShares Gold Trust Trading Down 2.6%

Shares of iShares Gold Trust stock opened at $75.25 on Tuesday. The company’s fifty day simple moving average is $81.66 and its two-hundred day simple moving average is $87.27. The company has a market cap of $62.15 billion, a P/E ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 12-month low of $61.60 and a 12-month 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).