SkyView Investment Advisors LLC Has $21.30 Million Position in iShares Gold Trust (NYSEARCA:IAU)

SkyView Investment Advisors LLC increased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 484,854 shares of the exchange traded fund’s stock after purchasing an additional 3,177 shares during the period. iShares Gold Trust accounts for 3.8% of SkyView Investment Advisors LLC’s holdings, making the stock its 6th biggest holding. SkyView Investment Advisors LLC’s holdings in iShares Gold Trust were worth $21,300,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its position in shares of iShares Gold Trust by 15.8% during the second quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock valued at $154,577,000 after buying an additional 479,796 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in iShares Gold Trust by 6.3% in the second quarter. Commonwealth Equity Services LLC now owns 3,039,451 shares of the exchange traded fund’s stock worth $133,523,000 after purchasing an additional 178,898 shares during the last quarter. Proficio Capital Partners LLC increased its position in shares of iShares Gold Trust by 2.1% during the second quarter. Proficio Capital Partners LLC now owns 2,144,328 shares of the exchange traded fund’s stock worth $94,200,000 after purchasing an additional 44,515 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of iShares Gold Trust by 7.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,000,500 shares of the exchange traded fund’s stock valued at $78,080,000 after purchasing an additional 144,014 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of iShares Gold Trust by 66.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock worth $64,164,000 after purchasing an additional 581,671 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 0.8 %

Shares of NYSEARCA:IAU opened at $50.09 on Friday. The business’s 50-day moving average is $47.20 and its 200 day moving average is $45.05. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $50.57.

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.