Kelly Financial Services LLC Invests $2.24 Million in iShares Gold Trust (NYSEARCA:IAU)

Kelly Financial Services LLC purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 45,221 shares of the exchange traded fund’s stock, valued at approximately $2,239,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Archer Investment Corp boosted its position in shares of iShares Gold Trust by 813.8% during the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 529 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in iShares Gold Trust by 127.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock worth $56,000 after buying an additional 635 shares in the last quarter. Global Trust Asset Management LLC grew its position in iShares Gold Trust by 71.4% during the third quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock worth $60,000 after buying an additional 500 shares during the period. McIlrath & Eck LLC increased its holdings in iShares Gold Trust by 34.3% in the third quarter. McIlrath & Eck LLC now owns 1,335 shares of the exchange traded fund’s stock valued at $66,000 after buying an additional 341 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of iShares Gold Trust by 158.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,446 shares of the exchange traded fund’s stock valued at $72,000 after acquiring an additional 887 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $50.99 on Friday. iShares Gold Trust has a 12 month low of $37.53 and a 12 month high of $52.69. The business’s 50 day simple moving average is $49.87 and its 200-day simple moving average is $48.73.

iShares Gold Trust Company 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.