Oarsman Capital Inc. Sells 1,229 Shares of iShares Gold Trust (NYSEARCA:IAU)

Oarsman Capital Inc. lessened its holdings in iShares Gold Trust (NYSEARCA:IAU) by 44.8% during the fourth quarter, Holdings Channel reports. The fund owned 1,517 shares of the exchange traded fund’s stock after selling 1,229 shares during the period. Oarsman Capital Inc.’s holdings in iShares Gold Trust were worth $75,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Tucker Asset Management LLC increased its stake in shares of iShares Gold Trust by 106.9% during the fourth quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 263 shares during the period. Compass Financial Services Inc bought a new position in iShares Gold Trust during the 4th quarter worth $27,000. Wintrust Investments LLC acquired a new stake in shares of iShares Gold Trust during the fourth quarter worth $29,000. Financial Life Planners bought a new stake in shares of iShares Gold Trust in the fourth quarter valued at about $33,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of iShares Gold Trust in the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 2.3 %

Shares of iShares Gold Trust stock opened at $57.26 on Monday. The stock has a market capitalization of $41.37 billion, a price-to-earnings ratio of -35.73 and a beta of 0.17. iShares Gold Trust has a twelve month low of $43.05 and a twelve month high of $59.15. The company has a 50-day simple moving average of $55.42 and a two-hundred day simple moving average of $52.10.

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.