63,509 Shares in iShares Gold Trust $IAU Acquired by Gunpowder Capital Management LLC dba Oliver Wealth Management

Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 63,509 shares of the exchange traded fund’s stock, valued at approximately $5,155,000. iShares Gold Trust comprises about 4.0% of Gunpowder Capital Management LLC dba Oliver Wealth Management’s investment portfolio, making the stock its 6th biggest position.

Several other large investors have also bought and sold shares of IAU. Brighton Jones LLC bought a new position in shares of iShares Gold Trust during the fourth quarter worth about $1,864,000. Bison Wealth LLC boosted its holdings in iShares Gold Trust by 78.5% in the fourth quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after acquiring an additional 7,379 shares during the last quarter. AQR Capital Management LLC increased its position in iShares Gold Trust by 47.0% during the 1st 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 period. Glenview Trust co increased its position in iShares Gold Trust by 9.7% during the 2nd 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 during the period. Finally, Main Street Financial Solutions LLC raised its holdings in iShares Gold Trust by 6.3% during the 2nd quarter. Main Street Financial Solutions LLC now owns 36,817 shares of the exchange traded fund’s stock worth $2,296,000 after purchasing an additional 2,172 shares during the last quarter. 59.67% of the stock is owned by 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 Stock Performance

Shares of NYSEARCA IAU opened at $79.33 on Friday. The company’s 50 day moving average price is $85.56 and its 200-day moving average price is $87.67. iShares Gold Trust has a 52-week low of $61.37 and a 52-week high of $104.40. The company has a market capitalization of $67.54 billion, a P/E ratio of 5.53 and a beta of 0.15.

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).