KCM Investment Advisors LLC Buys 2,132 Shares of iShares Gold Trust (NYSEARCA:IAU)

KCM Investment Advisors LLC increased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 15.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,915 shares of the exchange traded fund’s stock after purchasing an additional 2,132 shares during the period. KCM Investment Advisors LLC’s holdings in iShares Gold Trust were worth $788,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC raised its stake in iShares Gold Trust by 2,943.8% during the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock valued at $3,244,648,000 after buying an additional 63,382,112 shares during the last quarter. Wells Fargo & Company MN increased its position in 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 acquiring an additional 1,183,962 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after acquiring an additional 981,362 shares during the period. LPL Financial LLC boosted its position in iShares Gold Trust by 35.4% in the fourth quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock worth $427,293,000 after purchasing an additional 2,257,590 shares during the last quarter. Finally, WealthNavi Inc. grew its stake in shares of iShares Gold Trust by 2.4% during the 4th quarter. WealthNavi Inc. now owns 5,924,001 shares of the exchange traded fund’s stock valued at $293,297,000 after purchasing an additional 141,211 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 2.3 %

Shares of NYSEARCA:IAU opened at $57.26 on Friday. The stock has a market capitalization of $41.37 billion, a PE ratio of -35.73 and a beta of 0.17. The firm’s 50 day moving average price is $55.42 and its 200-day moving average price is $52.07. iShares Gold Trust has a twelve month low of $43.05 and a twelve month high of $59.15.

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.