Sigma Investment Counselors Inc. lessened its holdings in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 0.7% in the third quarter, Holdings Channel reports. The firm owned 226,770 shares of the exchange traded fund’s stock after selling 1,619 shares during the period. Sigma Investment Counselors Inc.’s holdings in iShares Gold Trust were worth $11,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in the business. Private Ocean LLC bought a new position in iShares Gold Trust during the first quarter valued at about $29,000. Global Trust Asset Management LLC boosted its stake in iShares Gold Trust by 250.0% in the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of iShares Gold Trust during the 2nd quarter valued at approximately $31,000. Opal Wealth Advisors LLC purchased a new stake in shares of iShares Gold Trust during the 2nd quarter worth approximately $34,000. Finally, Pacifica Partners Inc. bought a new stake in shares of iShares Gold Trust in the 2nd quarter worth approximately $35,000. 59.67% of the stock is owned by hedge funds and other institutional investors.
iShares Gold Trust Stock Performance
Shares of IAU opened at $51.80 on Friday. iShares Gold Trust has a 1 year low of $36.57 and a 1 year high of $51.92. The stock’s fifty day moving average price is $49.09 and its two-hundred day moving average price is $46.25.
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.
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