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

Kelly Financial Services LLC bought a new stake in iShares Gold Trust (NYSEARCA:IAU) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 45,221 shares of the exchange traded fund’s stock, valued at approximately $2,239,000.

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

iShares Gold Trust Trading Down 0.5 %

iShares Gold Trust stock opened at $50.99 on Friday. The stock has a fifty day moving average price of $49.87 and a 200 day moving average price of $48.73. iShares Gold Trust has a 52 week low of $37.53 and a 52 week high of $52.69.

iShares Gold Trust 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.