Bank of America Corp DE Decreases Stake in iShares Gold Trust $IAU

Bank of America Corp DE lowered its stake in iShares Gold Trust (NYSEARCA:IAU) by 6.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 28,294,059 shares of the exchange traded fund’s stock after selling 1,976,457 shares during the quarter. Bank of America Corp DE owned 3.32% of iShares Gold Trust worth $2,494,404,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in IAU. LPL Financial LLC raised its holdings in iShares Gold Trust by 1.5% during the 4th quarter. LPL Financial LLC now owns 13,742,286 shares of the exchange traded fund’s stock valued at $1,115,461,000 after buying an additional 203,528 shares during the last quarter. Wells Fargo & Company MN grew its holdings in iShares Gold Trust by 2.0% in the 4th 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 last quarter. Citigroup Inc. increased its position 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 valued at $584,531,000 after acquiring an additional 1,893,594 shares during the period. Ameriprise Financial Inc. increased its position in shares of 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 during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares Gold Trust by 18.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,595,990 shares of the exchange traded fund’s stock valued at $535,396,000 after acquiring an additional 1,019,135 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.4%

Shares of NYSEARCA:IAU opened at $76.04 on Thursday. The company has a 50-day moving average price of $79.01 and a 200-day moving average price of $86.68. The company has a market cap of $62.80 billion, a price-to-earnings 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.

More iShares Gold Trust News

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

• Positive Sentiment: Gold prices rallied modestly after the Fed held rates steady, providing near-term support for IAU. The decision reduced immediate fears of another rate increase, although the Fed retained a tightening bias. Gold price jumps as Federal Reserve leaves interest rates unchanged
• Positive Sentiment: Technical analysts see early signs of a bullish reversal after gold defended key support, with a breakout above resistance potentially opening the way for further gains. Gold price forecast: Breakout retest sets stage for next advance
• Positive Sentiment: Retail demand for physical and digital precious metals is beginning to recover after a prolonged correction, suggesting dip-buying interest that could help stabilize gold and support IAU. Retail investors buy the dip as Royal Mint reports solid demand
• Neutral Sentiment: Gold held above the psychologically important $4,000-per-ounce level, but traders remain defensive and volatility could increase as markets assess the Fed’s guidance, bond yields and geopolitical developments. Gold holds above $4,000 as Fed decision keeps traders defensive
• Negative Sentiment: A hawkish monetary-policy backdrop, elevated yields and expectations that rates may remain higher for longer continue to pressure gold, limiting IAU’s upside. Gold drops amid hawkish monetary policy backdrop
• Negative Sentiment: Continued selling of unwanted gold jewelry indicates that consumers are taking advantage of elevated prices, while analysts warn gold could remain range-bound or under pressure amid the Iran conflict and inflation uncertainty. Investors are still cashing in unwanted gold jewelry

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).