Narwhal Capital Management Has $33.69 Million Position in iShares Gold Trust (NYSEARCA:IAU)

Narwhal Capital Management lessened its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 680,464 shares of the exchange traded fund’s stock after selling 690 shares during the quarter. iShares Gold Trust makes up about 3.0% of Narwhal Capital Management’s portfolio, making the stock its 7th biggest position. Narwhal Capital Management owned approximately 0.10% of iShares Gold Trust worth $33,690,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in iShares Gold Trust by 3.3% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 24,800 shares of the exchange traded fund’s stock valued at $1,228,000 after acquiring an additional 802 shares during the last quarter. SWP Financial LLC purchased a new stake in shares of iShares Gold Trust during the 4th quarter valued at $653,000. Avaii Wealth Management LLC boosted its position in shares of iShares Gold Trust by 20.2% in the 4th quarter. Avaii Wealth Management LLC now owns 17,807 shares of the exchange traded fund’s stock worth $882,000 after purchasing an additional 2,993 shares in the last quarter. Crescent Grove Advisors LLC grew its stake in iShares Gold Trust by 9.8% during the 4th quarter. Crescent Grove Advisors LLC now owns 77,959 shares of the exchange traded fund’s stock worth $3,860,000 after buying an additional 6,962 shares during the last quarter. Finally, Regency Capital Management Inc. DE grew its stake in iShares Gold Trust by 1.2% during the 4th quarter. Regency Capital Management Inc. DE now owns 165,998 shares of the exchange traded fund’s stock worth $8,219,000 after buying an additional 1,988 shares during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Up 0.6 %

iShares Gold Trust stock opened at $52.31 on Monday. The stock has a 50-day moving average of $50.17 and a two-hundred day moving average of $48.98. iShares Gold Trust has a one year low of $37.53 and a one year high of $52.69.

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.