Oarsman Capital Inc. Lowers Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Oarsman Capital Inc. lowered its position in shares of iShares Gold Trust (NYSEARCA:IAUGet Rating) by 3.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 14,047 shares of the exchange traded fund’s stock after selling 572 shares during the quarter. Oarsman Capital Inc.’s holdings in iShares Gold Trust were worth $489,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Regal Investment Advisors LLC increased its position in shares of iShares Gold Trust by 18.7% during the fourth quarter. Regal Investment Advisors LLC now owns 25,107 shares of the exchange traded fund’s stock valued at $874,000 after acquiring an additional 3,959 shares in the last quarter. Confluence Wealth Services Inc. bought a new stake in iShares Gold Trust in the 4th quarter worth approximately $1,219,000. Pictet Asset Management SA grew its position in iShares Gold Trust by 160.2% in the 4th quarter. Pictet Asset Management SA now owns 431,665 shares of the exchange traded fund’s stock worth $15,026,000 after purchasing an additional 265,745 shares during the period. Cape Cod Five Cents Savings Bank bought a new stake in iShares Gold Trust in the 4th quarter worth approximately $565,000. Finally, Rafferty Asset Management LLC grew its position in iShares Gold Trust by 1.6% in the 4th quarter. Rafferty Asset Management LLC now owns 56,314 shares of the exchange traded fund’s stock worth $1,960,000 after purchasing an additional 911 shares during the period. 53.09% of the stock is owned by institutional investors.

NYSEARCA:IAU traded down $0.27 during trading hours on Friday, reaching $34.39. The company had a trading volume of 8,445,930 shares, compared to its average volume of 12,203,205. iShares Gold Trust has a 52 week low of $32.70 and a 52 week high of $39.36. The firm’s 50 day moving average price is $36.58 and its 200-day moving average price is $35.38.

iShares Gold Trust Profile (Get Rating)

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.

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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