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

Oarsman Capital Inc. cut its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 44.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,517 shares of the exchange traded fund’s stock after selling 1,229 shares during the quarter. Oarsman Capital Inc.’s holdings in iShares Gold Trust were worth $75,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of IAU. Proficio Capital Partners LLC grew its stake in shares of iShares Gold Trust by 2,943.8% during the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock worth $3,244,648,000 after acquiring an additional 63,382,112 shares in the last quarter. Wells Fargo & Company MN grew its position in iShares Gold Trust by 10.7% in the fourth quarter. Wells Fargo & Company MN now owns 12,288,826 shares of the exchange traded fund’s stock valued at $608,420,000 after purchasing an additional 1,183,962 shares in the last quarter. JPMorgan Chase & Co. increased its stake in iShares Gold Trust by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after buying an additional 981,362 shares during the last quarter. LPL Financial LLC lifted its position in iShares Gold Trust by 35.4% during the 4th quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock worth $427,293,000 after buying an additional 2,257,590 shares in the last quarter. Finally, WealthNavi Inc. boosted its stake in shares of iShares Gold Trust by 2.4% during the 4th quarter. WealthNavi Inc. now owns 5,924,001 shares of the exchange traded fund’s stock worth $293,297,000 after buying an additional 141,211 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $57.26 on Monday. iShares Gold Trust has a 52-week low of $43.05 and a 52-week high of $59.15. The company has a market cap of $41.37 billion, a P/E ratio of -35.73 and a beta of 0.17. The stock’s 50-day simple moving average is $55.42 and its 200 day simple moving average is $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.