Axxcess Wealth Management LLC Has $63.03 Million Stake in iShares Gold Trust $IAU

Axxcess Wealth Management LLC reduced its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 8.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 776,549 shares of the exchange traded fund’s stock after selling 74,332 shares during the period. iShares Gold Trust comprises about 0.7% of Axxcess Wealth Management LLC’s investment portfolio, making the stock its 18th largest holding. Axxcess Wealth Management LLC’s holdings in iShares Gold Trust were worth $63,032,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Godfrey Financial Associates Inc. purchased a new position in shares of iShares Gold Trust during the fourth quarter valued at approximately $25,000. Rossby Financial LCC grew its holdings in iShares Gold Trust by 75.7% during the fourth quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 140 shares in the last quarter. Gables Capital Management Inc. raised its position in iShares Gold Trust by 173.1% in the 4th quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 225 shares during the last quarter. Motiv8 Investments LLC purchased a new stake in iShares Gold Trust in the 4th quarter valued at $29,000. Finally, Dakota Community Bank & Trust NA purchased a new stake in iShares Gold Trust in the 4th quarter valued at $30,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Down 0.4%

Shares of NYSEARCA:IAU opened at $79.33 on Friday. The stock’s fifty day simple moving average is $85.76 and its two-hundred day simple moving average is $87.73. iShares Gold Trust has a 1-year low of $61.37 and a 1-year high of $104.40. The stock has a market cap of $67.54 billion, a PE ratio of 5.53 and a beta of 0.15.

iShares Gold Trust News Summary

Here are the key news stories impacting iShares Gold Trust this week:

• Positive Sentiment: Longer-term demand for gold remains supported by central bank buying and geopolitical uncertainty, with several analysts arguing gold ETFs still belong in diversified portfolios. Why Gold ETFs Still Deserve a Place in Long-Term Portfolios
• Positive Sentiment: Some market commentary says central banks are likely to keep increasing gold reserves amid rising geopolitical risks, which could provide ongoing support for gold-backed funds like IAU. Central banks are bringing gold reserves home as geopolitical risks rise
• Neutral Sentiment: Gold briefly found support after the Fed held rates steady, but the market quickly shifted to pricing in a higher-for-longer policy path, limiting the bounce. Gold Rises After Fed Leaves Rates Unchanged
• Negative Sentiment: Gold prices fell as the Fed’s hawkish messaging revived expectations for additional tightening, pushing the dollar higher and pressuring bullion. Gold, silver sink as dollar tests yearly highs following hawkish Fed – Kitco PM Report
• Negative Sentiment: Recent articles point to continued technical weakness in gold, with prices failing at resistance and testing support levels that could signal more downside if they break. Gold (XAU/USD) Price Forecast: Can Bulls Defend Fibonacci Support?

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).