Bank of New York Mellon Corp Boosts Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Bank of New York Mellon Corp boosted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,136,328 shares of the exchange traded fund’s stock after purchasing an additional 62,195 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.17% of iShares Gold Trust worth $56,260,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. FMR LLC increased its holdings in shares of iShares Gold Trust by 0.3% in the 3rd quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock valued at $1,146,335,000 after acquiring an additional 60,784 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of iShares Gold Trust by 0.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock valued at $902,181,000 after acquiring an additional 142,487 shares during the last quarter. Empower Advisory Group LLC increased its holdings in shares of iShares Gold Trust by 0.8% in the 3rd quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock valued at $741,610,000 after acquiring an additional 111,210 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of iShares Gold Trust by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after acquiring an additional 981,362 shares during the last quarter. Finally, Truist Financial Corp increased its holdings in shares of iShares Gold Trust by 56.8% in the 4th quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock valued at $205,976,000 after acquiring an additional 1,507,442 shares during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Up 0.9 %

Shares of NYSEARCA IAU opened at $55.04 on Wednesday. iShares Gold Trust has a twelve month low of $40.17 and a twelve month high of $55.70. The company has a market capitalization of $37.35 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20. The business has a 50 day simple moving average of $52.49 and a 200-day simple moving average of $50.61.

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.