OMNI 360 Wealth Inc. Acquires New Holdings in iShares Gold Trust (NYSEARCA:IAU)

OMNI 360 Wealth Inc. bought a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,271 shares of the exchange traded fund’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. increased its position in iShares Gold Trust by 0.6% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 21,572,711 shares of the exchange traded fund’s stock valued at $841,983,000 after purchasing an additional 121,364 shares during the period. Wells Fargo & Company MN increased its position in iShares Gold Trust by 4.2% during the 4th quarter. Wells Fargo & Company MN now owns 11,592,328 shares of the exchange traded fund’s stock valued at $452,449,000 after purchasing an additional 463,281 shares during the period. JPMorgan Chase & Co. increased its position in iShares Gold Trust by 58.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,294,050 shares of the exchange traded fund’s stock valued at $360,189,000 after purchasing an additional 3,815,686 shares during the period. Charles Schwab Investment Management Inc. increased its position in iShares Gold Trust by 226.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,060,223 shares of the exchange traded fund’s stock valued at $236,531,000 after purchasing an additional 4,200,989 shares during the period. Finally, WealthNavi Inc. increased its position in iShares Gold Trust by 12.9% during the 4th quarter. WealthNavi Inc. now owns 4,414,668 shares of the exchange traded fund’s stock valued at $172,304,000 after purchasing an additional 505,352 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU stock traded up $0.49 during trading hours on Wednesday, hitting $44.55. 3,072,556 shares of the company were exchanged, compared to its average volume of 6,341,515. iShares Gold Trust has a fifty-two week low of $34.35 and a fifty-two week high of $46.08. The company has a 50 day simple moving average of $44.19 and a two-hundred day simple moving average of $41.55.

iShares Gold Trust Company Profile

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.