Omnia Family Wealth LLC Reduces Stake in iShares Gold Trust (NYSEARCA:IAU)

Omnia Family Wealth LLC decreased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 0.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,791 shares of the exchange traded fund’s stock after selling 410 shares during the period. iShares Gold Trust comprises approximately 2.9% of Omnia Family Wealth LLC’s investment portfolio, making the stock its 8th biggest holding. Omnia Family Wealth LLC’s holdings in iShares Gold Trust were worth $6,799,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. TCP Asset Management LLC lifted its stake in shares of iShares Gold Trust by 3.0% in the 3rd quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock valued at $332,000 after acquiring an additional 195 shares during the last quarter. Baker Avenue Asset Management LP grew its stake in shares of iShares Gold Trust by 2.9% in the 3rd quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock valued at $374,000 after buying an additional 215 shares during the period. Howard Financial Services LTD. grew its stake in shares of iShares Gold Trust by 2.9% in the 3rd quarter. Howard Financial Services LTD. now owns 7,774 shares of the exchange traded fund’s stock valued at $386,000 after buying an additional 220 shares during the period. Avaii Wealth Management LLC grew its stake in shares of iShares Gold Trust by 1.7% in the 3rd quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock valued at $736,000 after buying an additional 249 shares during the period. Finally, EP Wealth Advisors LLC lifted its position in iShares Gold Trust by 1.4% in the 1st quarter. EP Wealth Advisors LLC now owns 18,635 shares of the exchange traded fund’s stock valued at $783,000 after acquiring an additional 262 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock traded down $0.09 during mid-day trading on Thursday, hitting $48.50. 1,946,449 shares of the stock were exchanged, compared to its average volume of 6,048,616. The company has a 50-day simple moving average of $50.04 and a 200 day simple moving average of $46.85. iShares Gold Trust has a 12 month low of $37.02 and a 12 month high of $52.69.

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.