Axxcess Wealth Management LLC Increases Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Axxcess Wealth Management LLC increased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,041,762 shares of the exchange traded fund’s stock after buying an additional 1,498 shares during the quarter. iShares Gold Trust accounts for about 1.2% of Axxcess Wealth Management LLC’s portfolio, making the stock its 14th largest position. Axxcess Wealth Management LLC’s holdings in iShares Gold Trust were worth $51,578,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IAU. Quadrant Private Wealth Management LLC lifted its position in shares of iShares Gold Trust by 2.3% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock valued at $426,000 after acquiring an additional 195 shares in the last quarter. TPG Advisors LLC lifted its position in shares of iShares Gold Trust by 0.7% in the fourth quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock valued at $1,388,000 after acquiring an additional 199 shares in the last quarter. Riggs Asset Managment Co. Inc. lifted its position in shares of iShares Gold Trust by 1.2% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock valued at $850,000 after acquiring an additional 212 shares in the last quarter. SeaCrest Wealth Management LLC lifted its position in shares of iShares Gold Trust by 2.7% in the fourth quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock valued at $410,000 after acquiring an additional 215 shares in the last quarter. Finally, Howard Financial Services LTD. lifted its position in shares of iShares Gold Trust by 3.2% in the fourth quarter. Howard Financial Services LTD. now owns 8,024 shares of the exchange traded fund’s stock valued at $397,000 after acquiring an additional 250 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

NYSEARCA IAU opened at $56.62 on Tuesday. iShares Gold Trust has a 1-year low of $40.64 and a 1-year high of $57.11. The company has a market cap of $40.56 billion, a PE ratio of -34.13 and a beta of 0.20. The stock’s 50 day simple moving average is $53.54 and its 200-day simple moving average is $51.12.

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.