Sigma Investment Counselors Inc. Reduces Position in iShares Gold Trust $IAU

Sigma Investment Counselors Inc. trimmed its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 50.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,280 shares of the exchange traded fund’s stock after selling 126,395 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in iShares Gold Trust were worth $8,898,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Keener Financial Planning LLC acquired a new stake in iShares Gold Trust in the second quarter valued at $25,000. MTM Investment Management LLC purchased a new position in shares of iShares Gold Trust in the 2nd quarter valued at about $25,000. Private Wealth Management Group LLC lifted its stake in iShares Gold Trust by 290.9% during the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 320 shares during the last quarter. Key Financial Inc purchased a new stake in iShares Gold Trust during the second quarter worth approximately $28,000. Finally, Mountain Hill Investment Partners Corp. purchased a new position in iShares Gold Trust in the third quarter valued at approximately $29,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

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iShares Gold Trust Trading Down 0.5%

IAU stock opened at $86.27 on Friday. The company’s 50 day moving average is $81.04 and its two-hundred day moving average is $72.90. The stock has a market cap of $72.42 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a twelve month low of $50.96 and a twelve month high of $87.43.

About iShares Gold Trust

(Free Report)

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).

See Also

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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