iShares Gold Trust $IAU Shares Acquired by Western Wealth Management LLC

Western Wealth Management LLC grew its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 40.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 63,089 shares of the exchange traded fund’s stock after buying an additional 18,133 shares during the period. Western Wealth Management LLC’s holdings in iShares Gold Trust were worth $5,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Schmidt P J Investment Management Inc. grew its position in iShares Gold Trust by 1.1% during the fourth quarter. Schmidt P J Investment Management Inc. now owns 9,362 shares of the exchange traded fund’s stock valued at $760,000 after buying an additional 106 shares during the period. Haverford Trust Co increased its holdings in iShares Gold Trust by 3.4% in the fourth quarter. Haverford Trust Co now owns 3,617 shares of the exchange traded fund’s stock valued at $294,000 after buying an additional 120 shares in the last quarter. Evolution Wealth Management Inc. raised its position in shares of iShares Gold Trust by 40.3% in the first quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 124 shares during the period. Brooks Moore & Associates Inc. raised its position in shares of iShares Gold Trust by 2.1% in the fourth quarter. Brooks Moore & Associates Inc. now owns 6,076 shares of the exchange traded fund’s stock worth $493,000 after acquiring an additional 125 shares during the period. Finally, SmartHarvest Portfolios LLC boosted its stake in shares of iShares Gold Trust by 2.0% during the 1st quarter. SmartHarvest Portfolios LLC now owns 6,485 shares of the exchange traded fund’s stock worth $572,000 after acquiring an additional 129 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 1.7%

IAU stock opened at $77.30 on Friday. iShares Gold Trust has a 52-week low of $61.99 and a 52-week high of $104.40. The firm has a market cap of $63.84 billion, a P/E ratio of 5.53 and a beta of 0.18. The company’s 50-day simple moving average is $78.85 and its 200-day simple moving average is $86.63.

Key Headlines Impacting iShares Gold Trust

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

• Positive Sentiment: June PCE inflation came in softer than expected, while the U.S. dollar weakened. Lower inflation and currency pressure can improve gold’s appeal by increasing expectations for eventual Federal Reserve rate cuts. Gold holds above $4,100 as softer PCE offsets hawkish Fed
• Positive Sentiment: Gold demand remains resilient despite its second-quarter selloff. Central-bank purchases and strong Asian buying provide fundamental support for bullion and, by extension, IAU. Gold demand proves resilient despite Q2 selloff
• Positive Sentiment: The Fed’s decision to keep interest rates unchanged triggered a relief rally in gold. Gold also held above the important $4,000-per-ounce area, suggesting buyers remain active near support. Gold price jumps as Federal Reserve leaves interest rates unchanged
• Neutral Sentiment: Technical analysts see renewed strength after gold found support near $3,996, but a sustained move above roughly $4,203 is needed to confirm a broader bullish reversal. Until then, gold and IAU may remain range-bound. Gold XAU/USD Price Forecast
• Negative Sentiment: The Fed’s “hawkish hold,” firm Treasury yields and resilient jobless-claims data indicate that interest rates may stay restrictive for longer. That raises the opportunity cost of holding non-yielding gold and could cap IAU’s gains. Fed’s hawkish hold stabilizes gold and silver

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).