Does it have any lable that tells you what the concentration of Iron is?... If it is EDTA chelate, then Iron concentration is 12% of the powder by weight... So if you want a 0.5ppm concentration then you need 0.5mg / 0.12 = ~4mg/litre or ~16mg/gallon (1 gram = 100 mg)
That is not a lot and you will need some way of measuring it (You can make a stock solution, but it is not stable in the long run and I prefer to weight it every time, but you will need fine scales to do that)