C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Sells 49,854 Shares of iShares Gold Trust $IAU

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors cut its position in iShares Gold Trust (NYSEARCA:IAU) by 33.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,792 shares of the exchange traded fund’s stock after selling 49,854 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in iShares Gold Trust were worth $7,872,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Monetary Solutions Ltd acquired a new position in iShares Gold Trust during the 4th quarter worth about $26,000. Merkkuri Wealth Advisors LLC acquired a new position in iShares Gold Trust in the 1st quarter valued at about $26,000. Fairway Wealth LLC increased its stake in iShares Gold Trust by 525.0% during the first quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 252 shares during the period. Dunhill Financial LLC increased its stake in iShares Gold Trust by 72.9% during the second quarter. Dunhill Financial LLC now owns 377 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 159 shares during the period. Finally, Harborfront Financial Group LLC acquired a new position in shares of iShares Gold Trust in the second quarter valued at approximately $28,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust News Roundup

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

• Positive Sentiment: Jefferies characterized gold’s recent weakness as a potential buying opportunity and forecast prices could reach $5,000 in 2027, supported by continued demand and healthy mining-sector margins. Gold’s weakness is a buying opportunity as Jefferies sees $5,000 price in 2027
• Positive Sentiment: UBP said gold may have absorbed much of the recent yield-driven selling. Easing rate-hike expectations, an improvement in geopolitical tensions and a possible Treasury gold revaluation could support bullion later this year. U.S. Treasury’s gold revaluation could restart the debasement trade
• Neutral Sentiment: Technical analysts are watching the $4,000–$4,200 area as an important demand zone. A hold could encourage stabilization, while a break below nearby support would signal additional downside risk for gold and IAU. Gold price forecast: Selling pressure threatens support
• Negative Sentiment: Gold fell below $4,100 after the inflation report, with rising yields, a stronger dollar and renewed Fed-tightening expectations weighing on demand. Gold falls below $4,100 as hot CPI boosts Fed hike bets
• Negative Sentiment: Analysts warned that a break below $4,066 could expose gold to support near $4,028 and $3,942, reinforcing the near-term technical pressure affecting IAU. Gold selling pressure threatens $4,066 support
• Negative Sentiment: Kazakhstan plans to sell part of its unusually large gold reserves, adding a potential source of supply and reducing support from central-bank buying. Kazakhstan plans gold sales as holdings reach 78% of reserves

iShares Gold Trust Price Performance

IAU opened at $77.07 on Thursday. iShares Gold Trust has a 12 month low of $73.74 and a 12 month high of $104.40. The stock has a market capitalization of $60.78 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. The business has a fifty day moving average price of $81.55 and a 200 day moving average price of $82.20.

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).