Axxcess Wealth Management LLC Purchases 1,498 Shares of iShares Gold Trust (NYSEARCA:IAU)

Axxcess Wealth Management LLC raised its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,041,762 shares of the exchange traded fund’s stock after purchasing an additional 1,498 shares during the period. iShares Gold Trust comprises 1.2% of Axxcess Wealth Management LLC’s portfolio, making the stock its 14th biggest position. Axxcess Wealth Management LLC owned 0.16% of iShares Gold Trust worth $51,578,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Compass Financial Services Inc bought a new position in shares of iShares Gold Trust in the 4th quarter worth $27,000. Wintrust Investments LLC bought a new position in shares of iShares Gold Trust in the 4th quarter worth $29,000. Financial Life Planners bought a new position in shares of iShares Gold Trust in the 4th quarter worth $33,000. Newbridge Financial Services Group Inc. bought a new position in shares of iShares Gold Trust in the 4th quarter worth $40,000. Finally, Valued Wealth Advisors LLC raised its position in shares of iShares Gold Trust by 65.7% in the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 333 shares in the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Up 0.6 %

IAU opened at $56.62 on Tuesday. The firm has a market cap of $40.56 billion, a price-to-earnings ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a 12 month low of $40.64 and a 12 month high of $57.11. The stock has a fifty day moving average price of $53.54 and a 200-day moving average price of $51.12.

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.