iShares Gold Trust (NYSEARCA:IAU) is Oxbow Advisors LLC’s 3rd Largest Position

Oxbow Advisors LLC lifted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 8.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 964,209 shares of the exchange traded fund’s stock after buying an additional 75,319 shares during the period. iShares Gold Trust accounts for approximately 5.0% of Oxbow Advisors LLC’s portfolio, making the stock its 3rd largest holding. Oxbow Advisors LLC’s holdings in iShares Gold Trust were worth $42,358,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Private Ocean LLC acquired a new position in shares of iShares Gold Trust during the 1st quarter valued at about $29,000. Pingora Partners LLC acquired a new stake in shares of iShares Gold Trust during the 4th quarter worth $31,000. Global Trust Asset Management LLC raised its position in shares of iShares Gold Trust by 250.0% in the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 500 shares during the period. 1620 Investment Advisors Inc. acquired a new position in iShares Gold Trust in the second quarter valued at $31,000. Finally, YHB Investment Advisors Inc. acquired a new position in iShares Gold Trust in the first quarter valued at $33,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA:IAU traded down $0.36 on Friday, hitting $47.15. 5,270,668 shares of the stock were exchanged, compared to its average volume of 6,154,335. iShares Gold Trust has a fifty-two week low of $34.35 and a fifty-two week high of $47.83. The stock has a fifty day moving average of $46.08 and a 200-day moving average of $44.05.

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.