Kelly Financial Services LLC Has $6.22 Million Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Kelly Financial Services LLC lifted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 133.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 105,563 shares of the exchange traded fund’s stock after purchasing an additional 60,342 shares during the period. iShares Gold Trust accounts for 2.2% of Kelly Financial Services LLC’s holdings, making the stock its 14th biggest holding. Kelly Financial Services LLC’s holdings in iShares Gold Trust were worth $6,224,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Braun Bostich & Associates Inc. lifted its holdings in shares of iShares Gold Trust by 82.5% during the first quarter. Braun Bostich & Associates Inc. now owns 33,812 shares of the exchange traded fund’s stock worth $1,994,000 after purchasing an additional 15,285 shares during the period. Fifth Third Bancorp lifted its holdings in shares of iShares Gold Trust by 23.4% during the first quarter. Fifth Third Bancorp now owns 5,586 shares of the exchange traded fund’s stock worth $329,000 after purchasing an additional 1,058 shares during the period. Two West Capital Advisors LLC acquired a new position in shares of iShares Gold Trust during the first quarter worth $211,000. Simon Quick Advisors LLC acquired a new position in shares of iShares Gold Trust during the first quarter worth $464,000. Finally, Axecap Investments LLC acquired a new position in shares of iShares Gold Trust during the first quarter worth $220,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $63.12 on Thursday. The firm has a market cap of $46.46 billion, a PE ratio of -38.57 and a beta of 0.12. The firm’s fifty day moving average is $61.79 and its 200-day moving average is $55.99. iShares Gold Trust has a 52 week low of $43.35 and a 52 week high of $64.98.

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.