Axxcess Wealth Management LLC cut its holdings in iShares Gold Trust (NYSEARCA:IAU – Free 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
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.
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