iShares Gold Trust $IAU Shares Sold by Oxbow Advisors LLC

Oxbow Advisors LLC lessened its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 946,228 shares of the exchange traded fund’s stock after selling 21,256 shares during the period. iShares Gold Trust comprises 6.4% of Oxbow Advisors LLC’s investment portfolio, making the stock its 2nd largest holding. Oxbow Advisors LLC owned about 0.12% of iShares Gold Trust worth $59,007,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Diversified Enterprises LLC grew its stake in iShares Gold Trust by 4.6% in the second quarter. Diversified Enterprises LLC now owns 3,683 shares of the exchange traded fund’s stock valued at $230,000 after acquiring an additional 163 shares during the period. Red Mountain Financial LLC raised its holdings in iShares Gold Trust by 0.4% during the 2nd quarter. Red Mountain Financial LLC now owns 46,314 shares of the exchange traded fund’s stock worth $2,888,000 after buying an additional 165 shares during the period. Alpha Cubed Investments LLC boosted its holdings in shares of iShares Gold Trust by 4.0% in the first quarter. Alpha Cubed Investments LLC now owns 4,325 shares of the exchange traded fund’s stock valued at $255,000 after buying an additional 168 shares during the period. Mosaic Family Wealth Partners LLC increased its position in shares of iShares Gold Trust by 1.5% during the first quarter. Mosaic Family Wealth Partners LLC now owns 11,345 shares of the exchange traded fund’s stock worth $669,000 after acquiring an additional 173 shares in the last quarter. Finally, Quattro Financial Advisors LLC raised its holdings in shares of iShares Gold Trust by 4.7% during the first quarter. Quattro Financial Advisors LLC now owns 4,082 shares of the exchange traded fund’s stock worth $241,000 after acquiring an additional 183 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU opened at $81.15 on Friday. The business’s 50-day simple moving average is $68.94 and its 200 day simple moving average is $64.55. iShares Gold Trust has a 52-week low of $48.29 and a 52-week high of $81.24. The firm has a market capitalization of $67.12 billion, a PE ratio of 5.53 and a beta of 0.15.

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.