Cape ANN Savings Bank Sells 8,900 Shares of iShares Gold Trust $IAU

Cape ANN Savings Bank trimmed its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 6.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,905 shares of the exchange traded fund’s stock after selling 8,900 shares during the period. iShares Gold Trust comprises 4.4% of Cape ANN Savings Bank’s investment portfolio, making the stock its 5th biggest holding. Cape ANN Savings Bank’s holdings in iShares Gold Trust were worth $9,281,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Godfrey Financial Associates Inc. acquired a new position in iShares Gold Trust during the fourth quarter worth $25,000. Rossby Financial LCC raised its position in iShares Gold Trust by 75.7% in the fourth quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 140 shares in the last quarter. Monetary Solutions Ltd acquired a new stake in iShares Gold Trust in the fourth quarter valued at $26,000. Merkkuri Wealth Advisors LLC acquired a new stake in iShares Gold Trust in the first quarter valued at $26,000. Finally, Fairway Wealth LLC boosted its position in shares of iShares Gold Trust by 525.0% during the 1st quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 252 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about iShares Gold Trust

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

• Positive Sentiment: July retail sales unexpectedly fell 0.6%, while August consumer sentiment dropped to 51 versus expectations of 54.5. The weaker consumer data increased expectations that the Fed may keep rates steady in September, supporting gold and IAU. Gold rallies after retail sales drop
• Positive Sentiment: Soft CPI and PPI readings, rising jobless claims, and a pullback in the dollar have eased rate-hike concerns and helped keep precious metals above recent trading levels. Gold rebounds as dollar pulls back
• Positive Sentiment: UBS said gold could challenge $5,000 per ounce in the first half of 2027, citing lower real rates, a weaker dollar, and continued sovereign and central-bank demand. This reinforces the longer-term bullish case for IAU. UBS gold forecast
• Neutral Sentiment: Investors will watch next week’s Fed minutes, housing data, and manufacturing activity for clues about economic growth and monetary policy. These releases could produce significant volatility for gold and IAU. Gold looks to Fed minutes and economic data
• Negative Sentiment: Gold has struggled to extend its rebound near the $4,450-$4,500 resistance area. Analysts warn that a pullback or profit-taking could occur before another sustained advance, limiting near-term upside for IAU. Gold pullback risk after resistance test

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $82.28 on Friday. iShares Gold Trust has a one year low of $62.48 and a one year high of $104.40. The firm has a market capitalization of $67.96 billion, a P/E ratio of 5.53 and a beta of 0.18. The company’s fifty day moving average is $77.97 and its two-hundred day moving average is $86.00.

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).