Bank of America Corp DE Sells 1,976,457 Shares of iShares Gold Trust $IAU

Bank of America Corp DE reduced its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 6.5% during the first quarter, Holdings Channel reports. The firm 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’s holdings in iShares Gold Trust were worth $2,494,404,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC bought a new position in iShares Gold Trust in the fourth quarter worth about $1,864,000. Bison Wealth LLC lifted its holdings in iShares Gold Trust by 78.5% in the fourth quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock worth $831,000 after buying an additional 7,379 shares during the period. AQR Capital Management LLC boosted its position in iShares Gold Trust by 47.0% during the 1st quarter. AQR Capital Management LLC now owns 26,936 shares of the exchange traded fund’s stock valued at $1,588,000 after acquiring an additional 8,609 shares in the last quarter. Glenview Trust co boosted its position in iShares Gold Trust by 9.7% during the 2nd quarter. Glenview Trust co now owns 12,384 shares of the exchange traded fund’s stock valued at $772,000 after acquiring an additional 1,095 shares in the last quarter. Finally, Main Street Financial Solutions LLC grew its holdings in shares of iShares Gold Trust by 6.3% during the 2nd quarter. Main Street Financial Solutions LLC now owns 36,817 shares of the exchange traded fund’s stock worth $2,296,000 after acquiring an additional 2,172 shares during the period. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust News Summary

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

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $76.04 on Thursday. iShares Gold Trust has a 52-week low of $61.60 and a 52-week high of $104.40. The firm has a market capitalization of $62.80 billion, a P/E ratio of 5.53 and a beta of 0.18. The stock has a 50 day moving average price of $79.01 and a 200-day moving average price of $86.68.

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).