KKM Financial LLC Cuts Stock Position in iShares Gold Trust (NYSEARCA:IAU)

KKM Financial LLC decreased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 33.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,683 shares of the exchange traded fund’s stock after selling 4,407 shares during the period. KKM Financial LLC’s holdings in iShares Gold Trust were worth $432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in IAU. Sumitomo Mitsui Trust Group Inc. lifted its holdings in iShares Gold Trust by 0.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock valued at $902,181,000 after purchasing an additional 142,487 shares in the last quarter. Empower Advisory Group LLC raised its position in shares of iShares Gold Trust by 0.8% during the 3rd quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock worth $741,610,000 after purchasing an additional 111,210 shares during the last quarter. WealthNavi Inc. lifted its stake in iShares Gold Trust by 4.2% in the 3rd quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock valued at $287,405,000 after buying an additional 233,999 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in iShares Gold Trust by 15.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock worth $154,577,000 after buying an additional 479,796 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in iShares Gold Trust by 4.2% during the 3rd quarter. Cerity Partners LLC now owns 3,244,343 shares of the exchange traded fund’s stock worth $161,244,000 after buying an additional 131,559 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $51.10 on Friday. The business has a 50 day simple moving average of $50.30 and a two-hundred day simple moving average of $47.12. iShares Gold Trust has a 12 month low of $37.40 and a 12 month high of $52.69.

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.