Oxbow Advisors LLC Sells 21,256 Shares of iShares Gold Trust $IAU

Oxbow Advisors LLC trimmed its holdings in iShares Gold Trust (NYSEARCA:IAU) by 2.2% in the second quarter, Holdings Channel reports. The institutional investor owned 946,228 shares of the exchange traded fund’s stock after selling 21,256 shares during the period. iShares Gold Trust makes up 6.4% of Oxbow Advisors LLC’s holdings, making the stock its 2nd largest holding. Oxbow Advisors LLC’s holdings in iShares Gold Trust were worth $59,007,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in IAU. Envestnet Asset Management Inc. lifted its position in shares of iShares Gold Trust by 63.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock worth $1,036,264,000 after buying an additional 6,797,066 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of iShares Gold Trust by 29.6% in the first quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock worth $659,340,000 after acquiring an additional 2,552,405 shares during the last quarter. Mainstay Capital Management LLC ADV boosted its stake in shares of iShares Gold Trust by 12,087.3% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 1,329,143 shares of the exchange traded fund’s stock valued at $82,885,000 after purchasing an additional 1,318,237 shares in the last quarter. Erste Asset Management GmbH bought a new stake in shares of iShares Gold Trust during the 1st quarter valued at approximately $68,629,000. Finally, Charles Schwab Investment Management Inc. increased its position in iShares Gold Trust by 1,357.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 981,332 shares of the exchange traded fund’s stock worth $57,859,000 after purchasing an additional 913,987 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $81.15 on Friday. The firm’s fifty day moving average price is $68.94 and its two-hundred day moving average price is $64.55. The stock has a market cap of $67.12 billion, a PE ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a fifty-two week low of $48.29 and a fifty-two week high of $81.24.

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.