Western Wealth Management LLC Boosts Stock Position in iShares Gold Trust $IAU

Western Wealth Management LLC grew its position in iShares Gold Trust (NYSEARCA:IAU) by 40.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 63,089 shares of the exchange traded fund’s stock after purchasing an additional 18,133 shares during the period. Western Wealth Management LLC’s holdings in iShares Gold Trust were worth $5,562,000 at the end of the most recent quarter.

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

Key Stories 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

iShares Gold Trust Stock Performance

Shares of IAU opened at $77.30 on Friday. The business’s 50-day moving average is $78.85 and its two-hundred day moving average is $86.63. The company has a market capitalization of $63.84 billion, a P/E ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a fifty-two week low of $61.99 and a fifty-two week high of $104.40.

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).