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

KKM Financial LLC decreased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 33.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Archer Investment Corp increased its holdings in shares of iShares Gold Trust by 813.8% in the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 529 shares during the last quarter. Global Trust Asset Management LLC increased its stake in shares of iShares Gold Trust by 250.0% in the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of iShares Gold Trust during the 2nd quarter worth $31,000. Opal Wealth Advisors LLC acquired a new position in shares of iShares Gold Trust during the 2nd quarter valued at about $34,000. Finally, Pacifica Partners Inc. purchased a new stake in shares of iShares Gold Trust in the second quarter valued at about $35,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $51.10 on Friday. The company has a 50-day moving average price of $50.30 and a 200 day moving average price of $47.12. iShares Gold Trust has a 12-month low of $37.40 and a 12-month high of $52.69.

iShares Gold Trust 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.