Omnia Family Wealth LLC Cuts Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Omnia Family Wealth LLC lessened its holdings in iShares Gold Trust (NYSEARCA:IAU) by 3.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 143,549 shares of the exchange traded fund’s stock after selling 4,787 shares during the period. iShares Gold Trust accounts for approximately 2.9% of Omnia Family Wealth LLC’s holdings, making the stock its 11th biggest position. Omnia Family Wealth LLC’s holdings in iShares Gold Trust were worth $5,603,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Citizens Financial Group Inc. RI purchased a new stake in iShares Gold Trust in the 4th quarter worth $10,436,000. IAG Wealth Partners LLC increased its stake in iShares Gold Trust by 20.3% in the 4th quarter. IAG Wealth Partners LLC now owns 2,968 shares of the exchange traded fund’s stock worth $116,000 after buying an additional 500 shares in the last quarter. Truist Financial Corp increased its stake in iShares Gold Trust by 8.0% in the 4th quarter. Truist Financial Corp now owns 1,082,556 shares of the exchange traded fund’s stock worth $42,252,000 after buying an additional 80,327 shares in the last quarter. Spinnaker Trust increased its stake in iShares Gold Trust by 3.7% in the 4th quarter. Spinnaker Trust now owns 414,871 shares of the exchange traded fund’s stock worth $16,192,000 after buying an additional 14,649 shares in the last quarter. Finally, Kovack Advisors Inc. grew its position in shares of iShares Gold Trust by 66.0% during the fourth quarter. Kovack Advisors Inc. now owns 22,211 shares of the exchange traded fund’s stock valued at $867,000 after purchasing an additional 8,828 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.3 %

Shares of iShares Gold Trust stock traded up $0.15 during trading on Friday, reaching $44.26. 6,147,489 shares of the stock traded hands, compared to its average volume of 10,899,878. The business has a fifty day simple moving average of $41.78 and a two-hundred day simple moving average of $39.32. iShares Gold Trust has a 52-week low of $34.35 and a 52-week high of $45.98.

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.