KM Capital Management Ltd. Invests $3.29 Million in iShares Gold Trust (NYSEARCA:IAU)

KM Capital Management Ltd. bought a new position in iShares Gold Trust (NYSEARCA:IAU) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 55,782 shares of the exchange traded fund’s stock, valued at approximately $3,289,000. iShares Gold Trust accounts for about 1.8% of KM Capital Management Ltd.’s holdings, making the stock its 15th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Gold Trust by 200.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 10,778,652 shares of the exchange traded fund’s stock valued at $533,651,000 after purchasing an additional 7,194,721 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of iShares Gold Trust by 35.4% during the fourth quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock valued at $427,293,000 after purchasing an additional 2,257,590 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of iShares Gold Trust by 10.7% during the fourth quarter. Wells Fargo & Company MN now owns 12,288,826 shares of the exchange traded fund’s stock valued at $608,420,000 after purchasing an additional 1,183,962 shares during the last quarter. Allianz SE purchased a new position in iShares Gold Trust in the 4th quarter worth approximately $52,027,000. Finally, Intellus Advisors LLC purchased a new position in iShares Gold Trust in the 4th quarter worth approximately $38,727,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 0.5%

Shares of NYSEARCA IAU opened at $63.11 on Thursday. iShares Gold Trust has a twelve month low of $44.46 and a twelve month high of $65.00. The firm has a market cap of $47.68 billion, a P/E ratio of 5.53 and a beta of 0.15. The company has a 50 day moving average of $62.69 and a 200 day moving average of $58.28.

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.