Kiely Wealth Advisory Group Inc. Acquires 2,668 Shares of iShares Gold Trust (NYSEARCA:IAU)

Kiely Wealth Advisory Group Inc. lifted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 52.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,781 shares of the exchange traded fund’s stock after purchasing an additional 2,668 shares during the period. iShares Gold Trust accounts for about 0.2% of Kiely Wealth Advisory Group Inc.’s portfolio, making the stock its 28th largest position. Kiely Wealth Advisory Group Inc.’s holdings in iShares Gold Trust were worth $356,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IAU. Southland Equity Partners LLC raised its position in iShares Gold Trust by 21.8% in the 1st quarter. Southland Equity Partners LLC now owns 8,870 shares of the exchange traded fund’s stock worth $373,000 after purchasing an additional 1,590 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of iShares Gold Trust by 8.0% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 24,619 shares of the exchange traded fund’s stock worth $1,034,000 after acquiring an additional 1,830 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in shares of iShares Gold Trust by 5.9% during the first quarter. Concurrent Investment Advisors LLC now owns 7,845 shares of the exchange traded fund’s stock valued at $330,000 after acquiring an additional 436 shares during the period. Novak & Powell Financial Services Inc. bought a new position in iShares Gold Trust in the fourth quarter valued at about $1,536,000. Finally, Geneos Wealth Management Inc. increased its position in iShares Gold Trust by 13.0% in the first quarter. Geneos Wealth Management Inc. now owns 3,446 shares of the exchange traded fund’s stock worth $145,000 after purchasing an additional 396 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $49.52 on Friday. iShares Gold Trust has a 1-year low of $34.35 and a 1-year high of $49.60. The business has a 50-day moving average price of $46.79 and a two-hundred day moving average price of $44.72.

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.