Kiely Wealth Advisory Group Inc. Has $356,000 Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Kiely Wealth Advisory Group Inc. increased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 52.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,781 shares of the exchange traded fund’s stock after purchasing an additional 2,668 shares during the period. iShares Gold Trust makes up approximately 0.2% of Kiely Wealth Advisory Group Inc.’s investment portfolio, making the stock its 28th largest holding. 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 institutional investors and hedge funds have also added to or reduced their stakes in IAU. Aveo Capital Partners LLC increased its stake in shares of iShares Gold Trust by 18.2% in the 4th quarter. Aveo Capital Partners LLC now owns 258,376 shares of the exchange traded fund’s stock valued at $10,084,000 after acquiring an additional 39,780 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in iShares Gold Trust by 4.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,043,325 shares of the exchange traded fund’s stock valued at $40,721,000 after purchasing an additional 45,062 shares in the last quarter. Commerce Bank raised its holdings in iShares Gold Trust by 5.5% in the fourth quarter. Commerce Bank now owns 174,217 shares of the exchange traded fund’s stock worth $6,800,000 after purchasing an additional 9,027 shares during the period. Advisory Services Network LLC boosted its position in shares of iShares Gold Trust by 38.3% during the fourth quarter. Advisory Services Network LLC now owns 139,169 shares of the exchange traded fund’s stock worth $5,432,000 after purchasing an additional 38,570 shares in the last quarter. Finally, Objectivity Squared LLC bought a new position in shares of iShares Gold Trust during the fourth quarter worth $3,358,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU opened at $49.52 on Friday. iShares Gold Trust has a 12 month low of $34.35 and a 12 month high of $49.60. The company has a fifty day simple moving average of $46.79 and a 200 day simple moving average 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.