Nwam LLC Buys 9,895 Shares of iShares Gold Trust $IAU

Nwam LLC boosted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 65.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,904 shares of the exchange traded fund’s stock after acquiring an additional 9,895 shares during the quarter. Nwam LLC’s holdings in iShares Gold Trust were worth $1,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Haverford Trust Co increased its stake in iShares Gold Trust by 3.4% in the 4th quarter. Haverford Trust Co now owns 3,617 shares of the exchange traded fund’s stock worth $294,000 after purchasing an additional 120 shares during the period. Evolution Wealth Management Inc. boosted its stake in shares of 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 stake in shares of iShares Gold Trust by 2.1% during 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 period. SmartHarvest Portfolios LLC boosted its stake in shares of iShares Gold Trust by 2.0% during 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 period. Finally, Nemes Rush Group LLC grew its holdings in shares of iShares Gold Trust by 1.9% in the fourth quarter. Nemes Rush Group LLC now owns 6,982 shares of the exchange traded fund’s stock worth $567,000 after purchasing an additional 130 shares during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 2.8%

Shares of NYSEARCA IAU opened at $81.35 on Wednesday. iShares Gold Trust has a 52 week low of $65.56 and a 52 week high of $104.40. The firm’s fifty day moving average is $79.27 and its 200 day moving average is $85.11. The company has a market cap of $67.19 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18.

More iShares Gold Trust News

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

• Positive Sentiment: Longer term, Saxo Bank and other analysts continue to see support for gold from commodity-driven inflation, expanding money supply and elevated government debt. These factors could sustain demand for IAU if inflation concerns intensify. Long-term gold price remains supported by commodity-led inflation – Saxo Bank’s Hansen
• Positive Sentiment: Unusually heavy call-option activity in IAU, with 10,933 calls purchased versus average volume of 7,737, suggests some traders are positioning for a rebound. This is a sentiment indicator rather than a change in the trust’s underlying holdings.
• Neutral Sentiment: Renewed U.S.-Iran and Gulf-region tensions provide safe-haven support for gold, but the resulting oil-price surge is also lifting inflation expectations, bond yields and rate-hike odds. The competing forces are limiting gold’s defensive appeal. Gold and Silver Price Forecast: Hawkish Fed Meets Iran Risk as Jobs Data Looms
• Negative Sentiment: Markets are assigning roughly a two-thirds probability to a September Fed hike after a hawkish policy repricing. Higher yields and a stronger dollar increase the opportunity cost of holding gold and are the main reasons IAU has decreased. Gold tests $4,311 support as Fed-hike odds hold near 66% – Kitco PM Report
• Negative Sentiment: Gold has fallen through its 20-day and 100-day moving averages and is testing support near $4,311-$4,350. The World Gold Council warned that weakening short-term momentum could expose gold to a pullback toward $4,215, increasing downside risk for IAU. Gold price at risk of pullback to $4,215/oz as short-term momentum fades
• Negative Sentiment: Reports also point to reversing gold-ETF inflows and profit-taking following the metal’s strong summer rally, suggesting near-term investor demand has weakened. Gold ETF Inflows Reverse Course as Warsh’s Hawkish Speech Crushes GLDM’s Summer Rally

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).