Sigma Investment Counselors Inc. Buys 19,904 Shares of iShares Gold Trust $IAU

Sigma Investment Counselors Inc. lifted its stake in iShares Gold Trust (NYSEARCA:IAU) by 8.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 248,675 shares of the exchange traded fund’s stock after purchasing an additional 19,904 shares during the quarter. iShares Gold Trust comprises 0.9% of Sigma Investment Counselors Inc.’s portfolio, making the stock its 29th biggest holding. Sigma Investment Counselors Inc.’s holdings in iShares Gold Trust were worth $15,507,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of IAU. Brighton Jones LLC purchased a new position in iShares Gold Trust during the fourth quarter worth $1,864,000. Bison Wealth LLC raised its stake in shares of iShares Gold Trust by 78.5% in the fourth quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after acquiring an additional 7,379 shares during the period. GAMMA Investing LLC lifted its holdings in shares of iShares Gold Trust by 17.6% in the 1st quarter. GAMMA Investing LLC now owns 1,635 shares of the exchange traded fund’s stock worth $96,000 after acquiring an additional 245 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of iShares Gold Trust by 17.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 357,429 shares of the exchange traded fund’s stock worth $21,074,000 after purchasing an additional 54,096 shares during the period. Finally, Cornerstone Wealth Management LLC purchased a new position in shares of iShares Gold Trust during the 1st quarter worth about $218,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $79.63 on Friday. iShares Gold Trust has a 1-year low of $48.29 and a 1-year high of $81.34. The firm has a market capitalization of $66.22 billion, a P/E ratio of 5.53 and a beta of 0.15. The company’s 50-day moving average is $69.25 and its 200 day moving average is $64.74.

About iShares Gold Trust

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.