Commonwealth Equity Services LLC Sells 310,118 Shares of iShares Gold Trust $IAU

Commonwealth Equity Services LLC reduced its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 10.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,794,500 shares of the exchange traded fund’s stock after selling 310,118 shares during the quarter. Commonwealth Equity Services LLC’s holdings in iShares Gold Trust were worth $218,250,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. TFB Advisors LLC acquired a new position in iShares Gold Trust in the 3rd quarter worth $372,000. Jmac Enterprises LLC boosted its position in iShares Gold Trust by 3.4% in the 3rd quarter. Jmac Enterprises LLC now owns 102,790 shares of the exchange traded fund’s stock valued at $8,028,000 after buying an additional 3,375 shares during the last quarter. SFI Advisors LLC purchased a new position in iShares Gold Trust in the 3rd quarter valued at about $527,000. Team Financial Group LLC purchased a new position in iShares Gold Trust in the 3rd quarter valued at about $27,000. Finally, Provenance Wealth Advisors LLC boosted its position in iShares Gold Trust by 15.6% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 22,971 shares of the exchange traded fund’s stock valued at $1,794,000 after buying an additional 3,099 shares during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust News Summary

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

• Positive Sentiment: Gold climbed back above $4,000 and extended its rebound as Treasury yields and the U.S. dollar weakened. That improves the backdrop for IAU, which tracks gold prices. Gold climbs above $4,100 as falling yields and softer labor costs support bullion
• Positive Sentiment: Longer-term demand may offer support: central banks bought 321.2 metric tons of gold in the quarter through September, and the World Bank expects prices to remain historically elevated. Central banks just bought more gold than the world’s jewelry buyers World Bank sees gold holding above $4,000 through 2028
• Neutral Sentiment: Technical signals have improved after gold reclaimed key levels, but the broader downtrend and resistance remain obstacles to a sustained recovery. Gold price forecast: Bullish reversal challenges downtrend
• Negative Sentiment: Elevated real yields and uncertainty ahead of the U.S. jobs report could renew pressure on gold; analysts also flag resistance near $4,200 and caution that the rally may not hold. Gold faces $4,200 barrier as real yields challenge the rally

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $77.00 on Friday. The business has a 50-day moving average of $79.13 and a 200-day moving average of $84.40. The company has a market capitalization of $60.72 billion, a PE ratio of 5.53 and a beta of 0.20. iShares Gold Trust has a 1-year low of $72.71 and a 1-year high of $104.40.

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).