M3 Wealth Management LLC Invests $2.54 Million in iShares Gold Trust $IAU

M3 Wealth Management LLC bought a new position in iShares Gold Trust (NYSEARCA:IAU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 31,310 shares of the exchange traded fund’s stock, valued at approximately $2,541,000. iShares Gold Trust comprises 2.0% of M3 Wealth Management LLC’s holdings, making the stock its 12th biggest holding.

Other hedge funds have also recently modified their holdings of the company. Abich Financial Wealth Management LLC purchased a new stake in shares of iShares Gold Trust in the third quarter worth about $25,000. Gables Capital Management Inc. boosted its stake in shares of iShares Gold Trust by 173.1% in the fourth quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 225 shares during the last quarter. Dakota Community Bank & Trust NA purchased a new stake in shares of iShares Gold Trust in the fourth quarter worth about $30,000. Fourth Dimension Wealth LLC boosted its stake in shares of iShares Gold Trust by 436.3% in the third quarter. Fourth Dimension Wealth LLC now owns 429 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 349 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of iShares Gold Trust during the 3rd quarter worth about $31,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $84.81 on Wednesday. iShares Gold Trust has a 52 week low of $61.37 and a 52 week high of $104.40. The stock has a market capitalization of $72.20 billion, a PE ratio of 5.53 and a beta of 0.16. The stock’s 50-day moving average price is $87.64 and its 200-day moving average price is $87.20.

Key iShares Gold Trust News

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

• Neutral Sentiment: Gold is consolidating in a tight range, with some analysts saying the market is coiling for a volatility-driven breakout once a clearer direction emerges. Gold (XAU/USD) Price Forecast: Compression Signals Breakout Setup Ahead
• Neutral Sentiment: Demand for bullion remains strong underneath the surface, with the Royal Mint reporting record gold and silver bullion sales earlier in the year. Royal Mint sees record gold, silver bullion sales between January and March
• Neutral Sentiment: Some commentary noted that gold is still holding support near $4,500 an ounce, but investor conviction has faded as inflation stays elevated and recession concerns rise. Gold prices testing support at $4,500 as U.S. consumer confidence falls slight to 93.1
• Neutral Sentiment: Gold and silver saw choppy trading as investors waited for clearer signals on the Iran/U.S. situation and the broader risk backdrop. Gold Price Analysis – Gold continues to See Noisy Trading
• Negative Sentiment: Latest market reports said spot gold and silver were lower as a stronger dollar and renewed Middle East tension pressured bullion, even with equities near record highs. Metals dip as S&P, Nasdaq hit records on Iran deal hopes – Kitco PM Report
• Negative Sentiment: Precious metals also faced pressure from expectations that inflation and interest rates may stay elevated, which can weigh on gold’s appeal. Gold and silver prices under pressure from rising inflation and rate expectations, new Indian import tariffs – Heraeus
• Negative Sentiment: Several updates noted that gold slipped as traders weighed U.S.-Iran developments and reduced the conflict-driven safe-haven bid. Gold Edges Lower as Traders Weigh U.S.-Iran Deal’s Developments

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).