iShares Gold Trust (NYSEARCA:IAU) Position Cut by Narwhal Capital Management

Narwhal Capital Management lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 0.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 681,154 shares of the exchange traded fund’s stock after selling 914 shares during the quarter. iShares Gold Trust makes up approximately 3.0% of Narwhal Capital Management’s portfolio, making the stock its 7th biggest position. Narwhal Capital Management owned approximately 0.11% of iShares Gold Trust worth $33,853,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Howard Financial Services LTD. increased its position in iShares Gold Trust by 2.9% in the 3rd quarter. Howard Financial Services LTD. now owns 7,774 shares of the exchange traded fund’s stock valued at $386,000 after acquiring an additional 220 shares during the period. Financial Sense Advisors Inc. raised its position in iShares Gold Trust by 0.4% during the 1st quarter. Financial Sense Advisors Inc. now owns 65,609 shares of the exchange traded fund’s stock worth $2,756,000 after buying an additional 230 shares during the last quarter. Pettinga Financial Advisors LLC boosted its holdings in shares of iShares Gold Trust by 2.5% in the first quarter. Pettinga Financial Advisors LLC now owns 10,225 shares of the exchange traded fund’s stock valued at $430,000 after acquiring an additional 245 shares in the last quarter. Avaii Wealth Management LLC raised its holdings in iShares Gold Trust by 1.7% during the third quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock worth $736,000 after purchasing an additional 249 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its position in iShares Gold Trust by 1.4% in the first quarter. EP Wealth Advisors LLC now owns 18,635 shares of the exchange traded fund’s stock valued at $783,000 after purchasing an additional 262 shares during the period. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Up 1.0 %

NYSEARCA IAU opened at $51.92 on Wednesday. The business’s 50 day moving average is $48.80 and its two-hundred day moving average is $46.12. iShares Gold Trust has a 12-month low of $36.57 and a 12-month high of $51.92.

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.