iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Oxbow Advisors LLC

Oxbow Advisors LLC decreased its stake in iShares Gold Trust (NYSEARCA:IAU) by 0.5% in the fourth quarter, HoldingsChannel reports. The firm owned 964,715 shares of the exchange traded fund’s stock after selling 4,794 shares during the period. iShares Gold Trust accounts for 5.6% of Oxbow Advisors LLC’s holdings, making the stock its 2nd biggest position. Oxbow Advisors LLC’s holdings in iShares Gold Trust were worth $47,763,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Compass Financial Services Inc acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at $27,000. Archer Investment Corp lifted its stake in iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 529 shares in the last quarter. Financial Life Planners purchased a new stake in iShares Gold Trust in the 4th quarter worth about $33,000. Newbridge Financial Services Group Inc. purchased a new stake in iShares Gold Trust in the 4th quarter worth about $40,000. Finally, Valued Wealth Advisors LLC lifted its stake in 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. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $55.39 on Friday. The stock has a 50-day moving average price of $51.64 and a 200 day moving average price of $50.06. iShares Gold Trust has a 1 year low of $38.21 and a 1 year high of $55.60.

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.