Item 5. Market for Registrant’s Common Equity
Item
5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
The
Trust was formed on August 24, 2017 (the “Date of Inception”) following an initial deposit of gold. The Trust’s Shares
have been listed on the NYSE Arca under the symbol BAR since its initial public offering on August 31, 2017. The following tables set
out the range of high and low closing prices for the Shares as reported for NYSE Arca transactions for each of the quarters during the
fiscal year ended June 30, 2024:
Fiscal
Year Ended June 30, 2024: Quarter Ended
High
Low
September 30, 2023
$ 19.21
$ 18.09
December 31, 2023
$ 20.55
$ 19.57
March 31, 2023
$ 22.70
$ 20.59
June 30, 2024
$ 23.42
$ 22.61
The
number of outstanding Shares of the Trust as of August 14, 2024 was 33,550,000.
Fiscal
Year Ended June 30, 2024: Monthly Share Price
The
following table sets forth for the period considered, the high and low closing prices of the Shares, as reported for NYSE Arca transactions.
High
Low
July 2023
$ 19.58
$ 18.90
August 2023
$ 19.23
$ 18.69
September 2023
$ 19.21
$ 18.09
October 2023
$ 19.86
$ 18.00
November 2023
$ 20.23
$ 19.15
December 2023
$ 20.55
$ 19.57
January 2024
$ 20.31
$ 19.83
February 2024
$ 20.21
$ 19.69
March 2024
$ 22.70
$ 20.59
April 2024
$ 23.61
$ 22.58
May 2024
$ 23.98
$ 22.75
June 2024
$ 23.42
$ 22.61
Issuer
Purchase of Shares
The
Trust issues and redeems Shares only with Authorized Participants in exchange for gold, only in aggregations of 50,000 Shares or integral
multiples thereof. A list of current Authorized Participants is available from the Sponsor or the Trustee and is included in Item 7 of
this report. Although the Trust does not purchase Shares directly from its Shareholders in connection with the redemption of Baskets,
the Trust redeemed as follows during the fiscal year ended June 30, 2024:
Month
Total number of
Shares redeemed
Average ounces
of gold per Share
July 2023
200,000
0.0098959
August 2023
1,050,000
0.0098942
September 2023
700,000
0.0098923
October 2023
200,000
0.0098914
November 2023
1,000,000
0.0098895
December 2023
-
-
January 2024
600,000
0.00988658
February 2024
650,000
0.00988539
March 2024
-
-
April 2024
850,000
0.00988342
May 2024
300,000
0.00988168
June 2024
11,450,000
0.00987983
Total
17,000,000
0.00988280
29
Item
6. Selected Financial Data
The
following selected financial data for the reporting periods should be read in conjunction with the Trust’s financial statements
and related notes and Management’s Discussion and Analysis of Financial Condition and Results of Operations.
June 30, 2024
June 30, 2023
June 30, 2022
(Amounts in 000’s of US$, except per Share data)
Total assets
$ 791,131
$ 935,950
$ 996,271
Total gain / (loss) on gold
$ 101,263
$ 18,333
$ 21,347
Change in net assets from operations
$ 187,672
$ 39,683
$ 19,620
Weighted average number of Shares (in 000’s)
46,607
50,563
54,305
Net increase / (decrease) in net assets per Share
$ 4.03
$ 0.78
$ 0.36
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.