iShares Gold Trust $IAU is Upper Left Wealth Management LLC’s Largest Position

Upper Left Wealth Management LLC lowered its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 14.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 159,080 shares of the exchange traded fund’s stock after selling 26,876 shares during the period. iShares Gold Trust comprises about 8.3% of Upper Left Wealth Management LLC’s investment portfolio, making the stock its biggest holding. Upper Left Wealth Management LLC’s holdings in iShares Gold Trust were worth $14,024,000 as of its most recent filing with the Securities & Exchange Commission.

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

More iShares Gold Trust News

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

• Negative Sentiment: Gold prices weakened after the Fed signaled a higher-for-longer rate stance, with some traders now pricing in the possibility of at least one rate hike later this year. Hawkish Fed keeps pressure on gold as physical premiums soften – Kitco PM Report
• Negative Sentiment: Multiple market outlooks point to gold testing key support levels, with analysts warning the metal could retest the $4,000 area if bearish momentum continues. Gold (XAU/USD) Price Forecast: Support Test Could Shape Next Major Move
• Negative Sentiment: Stronger U.S. labor and manufacturing data, along with a firmer dollar, added to the pressure on precious metals and reinforced the shift away from defensive gold positioning. Gold prices remain under pressure as Philly Fed Survey rebounds to 10.3 in June

iShares Gold Trust Price Performance

Shares of IAU stock opened at $79.33 on Monday. iShares Gold Trust has a fifty-two week low of $61.37 and a fifty-two week high of $104.40. The stock’s 50-day moving average is $85.56 and its two-hundred day moving average is $87.73. The firm has a market cap of $67.54 billion, a P/E ratio of 5.53 and a beta of 0.15.

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).