iShares Gold Trust $IAU Shares Bought by Kelly Financial Services LLC

Kelly Financial Services LLC grew its stake in iShares Gold Trust (NYSEARCA:IAUFree Report) by 32.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,685 shares of the exchange traded fund’s stock after buying an additional 33,124 shares during the period. iShares Gold Trust accounts for 2.6% of Kelly Financial Services LLC’s investment portfolio, making the stock its 16th largest holding. Kelly Financial Services LLC’s holdings in iShares Gold Trust were worth $9,874,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Keener Financial Planning LLC purchased a new position in iShares Gold Trust during the 2nd quarter worth $25,000. MTM Investment Management LLC purchased a new stake in iShares Gold Trust during the 2nd quarter valued at approximately $25,000. Private Wealth Management Group LLC lifted its position in iShares Gold Trust by 290.9% during the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 320 shares during the period. Key Financial Inc purchased a new position in shares of iShares Gold Trust in the 2nd quarter valued at approximately $28,000. Finally, Traub Capital Management LLC purchased a new position in shares of iShares Gold Trust in the 2nd quarter valued at approximately $31,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

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iShares Gold Trust Trading Up 1.3%

NYSEARCA:IAU opened at $84.68 on Wednesday. iShares Gold Trust has a 12-month low of $49.00 and a 12-month high of $84.72. The stock’s 50 day simple moving average is $78.38 and its 200-day simple moving average is $70.31. The firm has a market cap of $69.78 billion, a P/E ratio of 5.53 and a beta of 0.09.

About iShares Gold Trust

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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