iShares Gold Trust $IAU Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC reduced its position in iShares Gold Trust (NYSEARCA:IAU) by 13.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 671,507 shares of the exchange traded fund’s stock after selling 105,042 shares during the quarter. iShares Gold Trust comprises about 1.9% of Axxcess Wealth Management LLC’s investment portfolio, making the stock its 12th biggest position. Axxcess Wealth Management LLC’s holdings in iShares Gold Trust were worth $59,200,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of iShares Gold Trust in the fourth quarter worth $1,864,000. Bison Wealth LLC increased its holdings in iShares Gold Trust by 78.5% in the 4th quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after purchasing an additional 7,379 shares in the last quarter. AQR Capital Management LLC raised its position in iShares Gold Trust by 47.0% in the first quarter. AQR Capital Management LLC now owns 26,936 shares of the exchange traded fund’s stock valued at $1,588,000 after purchasing an additional 8,609 shares during the period. Glenview Trust co raised its position in iShares Gold Trust by 9.7% in the second quarter. Glenview Trust co now owns 12,384 shares of the exchange traded fund’s stock valued at $772,000 after purchasing an additional 1,095 shares during the period. Finally, Main Street Financial Solutions LLC lifted its stake in shares of iShares Gold Trust by 6.3% during the second quarter. Main Street Financial Solutions LLC now owns 36,817 shares of the exchange traded fund’s stock worth $2,296,000 after purchasing an additional 2,172 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of NYSEARCA IAU opened at $77.37 on Wednesday. iShares Gold Trust has a 1-year low of $61.60 and a 1-year high of $104.40. The company has a market capitalization of $63.90 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. The business has a 50-day moving average of $82.46 and a 200-day moving average of $87.45.

iShares Gold Trust News Roundup

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

• Positive Sentiment: China’s central bank added 15 tonnes of gold reserves in June, reinforcing the view that official-sector buying remains a major support for the gold market. China’s central bank buys the dip, increasing gold reserves 15 tonnes in June
• Positive Sentiment: Several forecasts and analyst notes said the recent pullback may be a consolidation phase rather than the end of the longer-term bull market, with some still projecting materially higher gold prices later this year. Gold price may have found its floor as liquidation gives way to consolidation – Saxo Bank
• Neutral Sentiment: Gold is attempting to stabilize and reclaim short-term trend indicators, but analysts say the next move depends on whether it can clear nearby resistance levels. Gold (XAU/USD) Price Forecast: Recovery Attempt Tests Major Trend Barriers
• Neutral Sentiment: Gold has also been supported at times by weaker labor data and expectations that the Federal Reserve may be less aggressive, though upcoming policy signals remain a key risk factor. Gold and Silver Price Forecast: Fed Minutes Put Breakout Levels in Focus
• Negative Sentiment: Gold has faced selling pressure as Treasury yields rose and traders waited for Fed minutes, limiting enthusiasm for the metal in the near term. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Lower As Treasury Yields Rise
• Negative Sentiment: Technical reports noted that gold continues to struggle near major resistance around the $4,200 area, suggesting the rally may remain choppy until buyers regain control. Gold price continues to struggle as U.S. ISM Services PMI falls to 54

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. 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).