Axxcess Wealth Management LLC Sells 35,494 Shares of iShares Gold Trust $IAU

Axxcess Wealth Management LLC cut its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 931,595 shares of the exchange traded fund’s stock after selling 35,494 shares during the period. iShares Gold Trust makes up 1.4% of Axxcess Wealth Management LLC’s portfolio, making the stock its 13th largest position. Axxcess Wealth Management LLC owned 0.12% of iShares Gold Trust worth $58,094,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Keener Financial Planning LLC bought a new stake in iShares Gold Trust in the second quarter worth $25,000. Smallwood Wealth Investment Management LLC bought a new stake in iShares Gold Trust in the first quarter worth $27,000. BankPlus Trust Department bought a new stake in iShares Gold Trust in the first quarter worth $27,000. Dunhill Financial LLC raised its stake in shares of iShares Gold Trust by 86.6% during the first quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 219 shares during the last quarter. Finally, Garrison Bradford & Associates Inc. bought a new position in shares of iShares Gold Trust during the first quarter valued at about $29,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $77.43 on Tuesday. The firm has a market cap of $64.00 billion, a P/E ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a fifty-two week low of $48.29 and a fifty-two week high of $77.57. The business’s 50 day moving average price is $68.00 and its 200-day moving average price is $64.20.

iShares Gold Trust Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.