Bank of New York Mellon Corp Has $142.54 Million Stake in iShares Gold Trust $IAU

Bank of New York Mellon Corp raised its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 35.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,958,763 shares of the exchange traded fund’s stock after buying an additional 515,933 shares during the quarter. Bank of New York Mellon Corp owned about 0.24% of iShares Gold Trust worth $142,539,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Keener Financial Planning LLC acquired a new position in iShares Gold Trust during the second quarter valued at approximately $25,000. MTM Investment Management LLC bought a new position in shares of iShares Gold Trust in the 2nd quarter valued at $25,000. Private Wealth Management Group LLC increased its stake in shares of iShares Gold Trust by 290.9% in the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 320 shares during the last quarter. Key Financial Inc acquired a new position in shares of iShares Gold Trust during the 2nd quarter worth $28,000. Finally, Mountain Hill Investment Partners Corp. bought a new stake in shares of iShares Gold Trust during the 3rd quarter worth $29,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Down 10.2%

NYSEARCA:IAU opened at $91.20 on Friday. iShares Gold Trust has a twelve month low of $52.74 and a twelve month high of $104.40. The stock’s 50-day simple moving average is $84.38 and its 200 day simple moving average is $75.08. The firm has a market capitalization of $77.00 billion, a PE ratio of 5.53 and a beta of 0.09.

Trending Headlines about iShares Gold Trust

Here are the key news stories impacting iShares Gold Trust this week:

About iShares Gold Trust

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

Featured Stories

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.