Oxbow Advisors LLC Buys 75,319 Shares of iShares Gold Trust (NYSEARCA:IAU)

Oxbow Advisors LLC grew its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 8.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 964,209 shares of the exchange traded fund’s stock after acquiring an additional 75,319 shares during the period. iShares Gold Trust comprises about 5.0% of Oxbow Advisors LLC’s holdings, making the stock its 3rd biggest position. Oxbow Advisors LLC owned about 0.15% of iShares Gold Trust worth $42,358,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of IAU. Mosley Wealth Management raised its stake in shares of iShares Gold Trust by 2.7% during the 2nd quarter. Mosley Wealth Management now owns 31,761 shares of the exchange traded fund’s stock worth $1,395,000 after buying an additional 829 shares during the last quarter. EFG Asset Management Americas Corp. raised its position in iShares Gold Trust by 25.1% during the second quarter. EFG Asset Management Americas Corp. now owns 275,603 shares of the exchange traded fund’s stock worth $12,108,000 after acquiring an additional 55,332 shares during the last quarter. Lake Street Advisors Group LLC lifted its holdings in shares of iShares Gold Trust by 5.3% in the second quarter. Lake Street Advisors Group LLC now owns 24,083 shares of the exchange traded fund’s stock valued at $1,058,000 after purchasing an additional 1,216 shares in the last quarter. Savant Capital LLC grew its position in shares of iShares Gold Trust by 31.4% in the second quarter. Savant Capital LLC now owns 15,793 shares of the exchange traded fund’s stock valued at $694,000 after purchasing an additional 3,770 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in shares of iShares Gold Trust by 9.7% during the 2nd quarter. Private Advisor Group LLC now owns 152,779 shares of the exchange traded fund’s stock worth $6,712,000 after purchasing an additional 13,522 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA:IAU traded down $0.36 during trading hours on Friday, reaching $47.15. 5,270,668 shares of the company traded hands, compared to its average volume of 6,154,335. The firm’s 50-day moving average is $46.08 and its 200-day moving average is $44.05. iShares Gold Trust has a 1-year low of $34.35 and a 1-year high of $47.83.

iShares Gold Trust Company 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.