Prospera Financial Services Inc cut its stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 19.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,536 shares of the exchange traded fund’s stock after selling 38,921 shares during the period. Prospera Financial Services Inc’s holdings in iShares Gold Trust were worth $13,112,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC acquired a new position in shares of iShares Gold Trust during the fourth quarter valued at $2,400,000. Planning Alternatives Ltd. ADV acquired a new position in shares of iShares Gold Trust during the fourth quarter valued at $377,000. Associated Banc Corp increased its holdings in shares of iShares Gold Trust by 7.7% during the fourth quarter. Associated Banc Corp now owns 2,964 shares of the exchange traded fund’s stock valued at $241,000 after purchasing an additional 213 shares during the period. New Millennium Group LLC increased its holdings in shares of iShares Gold Trust by 6.5% during the fourth quarter. New Millennium Group LLC now owns 10,502 shares of the exchange traded fund’s stock valued at $852,000 after purchasing an additional 642 shares during the period. Finally, Delta Financial Advisors LLC increased its holdings in shares of iShares Gold Trust by 1.0% during the fourth quarter. Delta Financial Advisors LLC now owns 81,124 shares of the exchange traded fund’s stock valued at $6,585,000 after purchasing an additional 802 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.
iShares Gold Trust Stock Performance
Shares of IAU opened at $84.81 on Friday. The firm has a market capitalization of $72.20 billion, a price-to-earnings ratio of 5.53 and a beta of 0.16. iShares Gold Trust has a one year low of $61.37 and a one year high of $104.40. The stock’s fifty day moving average is $88.05 and its 200-day moving average is $86.98.
Key Stories Impacting iShares Gold Trust
- Negative Sentiment: Spot gold weakened late Friday as firm Treasury yields, a stronger dollar, and hawkish Fed inflation commentary outweighed some safe-haven demand linked to U.S.-Iran tensions. Gold weakens as U.S.-Iran talks keep oil, rates in focus – Kitco PM Report
- Negative Sentiment: Multiple intraday reports said precious metals were losing ground because investors fear the Fed may need to raise rates again to fight inflation, which is a headwind for gold-backed funds like IAU. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Worry About Hawkish Fed
- Negative Sentiment: Gold also broke below a key technical channel and remained below recent support levels, signaling continued near-term weakness and limited momentum. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks $4,520 Channel as Silver Rejects $76 — More Downside Ahead?
- Neutral Sentiment: Some reports noted that gold is still in a longer-term bullish structure and may be coiling for a breakout, but near-term trading has been choppy and headline-driven. Gold (XAU/USD) Price Forecast: Compression Signals Major Breakout Potential
- Neutral Sentiment: Mixed macro data, including weaker consumer sentiment but rising inflation expectations, kept gold trapped in a trading range rather than driving a clear rebound. Spot gold hits session low near $4,500/oz after final Consumer Sentiment drops to 44.8, one-year and long-term inflation expectations rise
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).
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