KM Capital Management Ltd. Sells 2,044 Shares of iShares Gold Trust $IAU

KM Capital Management Ltd. decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 3.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,738 shares of the exchange traded fund’s stock after selling 2,044 shares during the quarter. iShares Gold Trust accounts for 1.7% of KM Capital Management Ltd.’s portfolio, making the stock its 15th largest position. KM Capital Management Ltd.’s holdings in iShares Gold Trust were worth $3,351,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Keener Financial Planning LLC purchased a new stake in shares of iShares Gold Trust in the 2nd quarter valued at $25,000. Private Wealth Management Group LLC boosted its position in iShares Gold Trust by 290.9% during the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 320 shares during the period. Key Financial Inc bought a new position in shares of iShares Gold Trust during the second quarter valued at about $28,000. Garrison Bradford & Associates Inc. purchased a new position in shares of iShares Gold Trust in the first quarter worth about $29,000. Finally, Park Place Capital Corp lifted its stake in shares of iShares Gold Trust by 873.0% in the 2nd quarter. Park Place Capital Corp now owns 613 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 550 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $76.98 on Friday. The company has a market capitalization of $63.44 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a fifty-two week low of $48.32 and a fifty-two week high of $82.55. The stock has a 50 day moving average price of $74.20 and a two-hundred day moving average price of $67.00.

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.