Oxbow Advisors LLC Has $65.13 Million Stock Holdings in iShares Gold Trust $IAU

Oxbow Advisors LLC lessened its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 12.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 802,424 shares of the exchange traded fund’s stock after selling 109,755 shares during the quarter. iShares Gold Trust makes up about 5.7% of Oxbow Advisors LLC’s holdings, making the stock its 2nd biggest holding. Oxbow Advisors LLC’s holdings in iShares Gold Trust were worth $65,133,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Apeiron RIA LLC raised its position in shares of iShares Gold Trust by 26.7% in the fourth quarter. Apeiron RIA LLC now owns 98,209 shares of the exchange traded fund’s stock valued at $8,482,000 after buying an additional 20,722 shares in the last quarter. Financial Partners Group Inc grew its position in iShares Gold Trust by 80.9% during the fourth quarter. Financial Partners Group Inc now owns 6,713 shares of the exchange traded fund’s stock worth $545,000 after buying an additional 3,003 shares in the last quarter. Ridgeline Wealth Planning LLC bought a new position in iShares Gold Trust during the 4th quarter worth $1,840,000. Manning & Napier Advisors LLC acquired a new position in iShares Gold Trust in the 4th quarter valued at $64,000. Finally, Costello Asset Management INC raised its holdings in iShares Gold Trust by 223.0% in the 4th quarter. Costello Asset Management INC now owns 646 shares of the exchange traded fund’s stock valued at $52,000 after acquiring an additional 446 shares in the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $88.87 on Friday. The company has a market cap of $75.66 billion, a price-to-earnings ratio of 5.53 and a beta of 0.16. iShares Gold Trust has a fifty-two week low of $59.71 and a fifty-two week high of $104.40. The stock has a fifty day moving average price of $90.41 and a 200-day moving average price of $86.28.

iShares Gold Trust News Summary

Here are the key news stories impacting iShares Gold Trust this week:

• Positive Sentiment: Gold moved higher as falling Treasury yields and weaker U.S. data boosted demand for the metal, a direct tailwind for iShares Gold Trust (IAU). Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Higher Amid Falling Treasury Yields
• Positive Sentiment: China and other central banks reportedly continued buying gold on dips, supporting long-term demand for the metal and for IAU. China and other central banks continue to buy the dip in gold
• Positive Sentiment: Disappointing consumer sentiment and softer inflation expectations pushed spot gold to session highs, reinforcing the bullish setup for iShares Gold Trust (IAU). Spot gold hits session high after preliminary Consumer Sentiment drops to 48.2, one-year inflation expectations dip to 4.5%
• Positive Sentiment: Gold extended gains after payrolls topped forecasts, while ongoing geopolitical tensions and safe-haven demand kept support under the metal. Gold, silver extend gains as payrolls beat forecasts – Kitco AM Report
• Neutral Sentiment: Commentary on iShares Gold Trust versus SPDR Gold Trust focused on the ETF fee difference rather than a new catalyst for gold prices. iShares Gold Trust vs SPDR Gold Trust: The 0.15% Fee Gap That Matters More Than You Think
• Negative Sentiment: Some reports noted gold rallies fading when oil rebounded and Treasury yields moved higher, which could pressure IAU if those trends persist. Gold News: Gold Rally Fades as Oil Rebounds and Treasury Yields Turn Higher

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).