Narwhal Capital Management Sells 9,447 Shares of iShares Gold Trust (NYSEARCA:IAU)

Narwhal Capital Management decreased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 682,068 shares of the exchange traded fund’s stock after selling 9,447 shares during the quarter. iShares Gold Trust makes up about 2.8% of Narwhal Capital Management’s portfolio, making the stock its 8th biggest holding. Narwhal Capital Management owned approximately 0.11% of iShares Gold Trust worth $29,963,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Private Ocean LLC purchased a new position in iShares Gold Trust during the first quarter worth about $29,000. Global Trust Asset Management LLC boosted its stake in iShares Gold Trust by 250.0% during the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 500 shares during the period. 1620 Investment Advisors Inc. purchased a new position in iShares Gold Trust during the second quarter worth about $31,000. Opal Wealth Advisors LLC purchased a new position in iShares Gold Trust during the second quarter worth about $34,000. Finally, Pingora Partners LLC purchased a new position in iShares Gold Trust during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.8 %

Shares of IAU stock opened at $47.15 on Friday. The company has a 50-day moving average of $46.08 and a two-hundred day moving average of $44.05. iShares Gold Trust has a 1-year low of $34.35 and a 1-year high of $47.83.

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.