iShares Gold Trust (NYSEARCA:IAU) is Narwhal Capital Management’s 8th Largest Position

Narwhal Capital Management decreased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 682,068 shares of the exchange traded fund’s stock after selling 9,447 shares during the quarter. iShares Gold Trust accounts for about 2.8% of Narwhal Capital Management’s holdings, making the stock its 8th biggest holding. Narwhal Capital Management’s holdings in iShares Gold Trust were worth $29,963,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 1832 Asset Management L.P. acquired a new stake in iShares Gold Trust in the first quarter valued at approximately $30,021,000. Cetera Investment Advisers raised its holdings in iShares Gold Trust by 545.9% in the first quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock valued at $29,160,000 after acquiring an additional 586,652 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in iShares Gold Trust by 66.2% in the second quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock valued at $64,164,000 after acquiring an additional 581,671 shares in the last quarter. Dynasty Wealth Management LLC acquired a new stake in iShares Gold Trust in the first quarter valued at approximately $24,048,000. Finally, Wells Fargo & Company MN raised its holdings in iShares Gold Trust by 4.2% in the fourth quarter. Wells Fargo & Company MN now owns 11,592,328 shares of the exchange traded fund’s stock valued at $452,449,000 after acquiring an additional 463,281 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.8 %

Shares of NYSEARCA:IAU opened at $47.15 on Friday. iShares Gold Trust has a fifty-two week low of $34.35 and a fifty-two week high of $47.83. The firm’s 50 day moving average price is $46.08 and its 200 day moving average price is $44.05.

iShares Gold Trust 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.