Bank of New York Mellon Corp Acquires 581,671 Shares of iShares Gold Trust (NYSEARCA:IAU)

Bank of New York Mellon Corp grew its holdings in iShares Gold Trust (NYSEARCA:IAU) by 66.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,460,596 shares of the exchange traded fund’s stock after purchasing an additional 581,671 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares Gold Trust were worth $64,164,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in shares of iShares Gold Trust by 226.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,060,223 shares of the exchange traded fund’s stock worth $236,531,000 after buying an additional 4,200,989 shares during the last quarter. 1832 Asset Management L.P. acquired a new position in iShares Gold Trust in the 1st quarter worth about $30,021,000. Cetera Investment Advisers boosted its stake in shares of iShares Gold Trust by 545.9% during the first quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock valued at $29,160,000 after purchasing an additional 586,652 shares in the last quarter. Dynasty Wealth Management LLC bought a new stake in shares of iShares Gold Trust during the first quarter worth about $24,048,000. Finally, Wells Fargo & Company MN grew its holdings in shares of iShares Gold Trust by 4.2% during the fourth quarter. Wells Fargo & Company MN now owns 11,592,328 shares of the exchange traded fund’s stock worth $452,449,000 after purchasing an additional 463,281 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.7 %

Shares of NYSEARCA IAU opened at $47.28 on Friday. The company has a 50 day simple moving average of $45.74 and a 200 day simple moving average of $43.73. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $47.83.

iShares Gold Trust Company 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.