Narwhal Capital Management Sells 690 Shares of iShares Gold Trust (NYSEARCA:IAU)

Narwhal Capital Management lowered its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 680,464 shares of the exchange traded fund’s stock after selling 690 shares during the quarter. iShares Gold Trust comprises about 3.0% of Narwhal Capital Management’s portfolio, making the stock its 7th largest holding. Narwhal Capital Management’s holdings in iShares Gold Trust were worth $33,690,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new position in iShares Gold Trust during the third quarter valued at $95,801,000. Truist Financial Corp grew its position in iShares Gold Trust by 118.9% during the 2nd quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after purchasing an additional 1,339,100 shares during the period. JPMorgan Chase & Co. raised its stake in shares of iShares Gold Trust by 9.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after buying an additional 981,362 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of iShares Gold Trust by 6,538.7% in the 4th quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock valued at $33,808,000 after buying an additional 672,568 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its stake in shares of iShares Gold Trust by 10,279.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock worth $33,128,000 after buying an additional 666,330 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.6 %

Shares of IAU stock opened at $52.31 on Monday. iShares Gold Trust has a twelve month low of $37.53 and a twelve month high of $52.69. The stock has a 50 day moving average of $50.17 and a 200 day moving average of $48.98.

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.