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

Narwhal Capital Management lessened its stake in iShares Gold Trust (NYSEARCA:IAU) by 0.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 678,323 shares of the exchange traded fund’s stock after selling 2,141 shares during the period. iShares Gold Trust makes up approximately 3.6% of Narwhal Capital Management’s holdings, making the stock its 7th largest position. Narwhal Capital Management owned about 0.09% of iShares Gold Trust worth $39,994,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in IAU. Tucker Asset Management LLC increased its position in shares of iShares Gold Trust by 106.9% during the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 263 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new stake in iShares Gold Trust during the fourth quarter valued at approximately $28,000. Dunhill Financial LLC grew its position in iShares Gold Trust by 86.6% during the first quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 219 shares during the period. Wintrust Investments LLC purchased a new stake in iShares Gold Trust during the fourth quarter valued at approximately $29,000. Finally, Wood Tarver Financial Group LLC bought a new position in iShares Gold Trust in the fourth quarter worth approximately $31,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $63.45 on Monday. The company has a market cap of $46.70 billion, a price-to-earnings ratio of -38.57 and a beta of 0.12. iShares Gold Trust has a 1 year low of $43.35 and a 1 year high of $65.00. The firm has a fifty day moving average price of $62.60 and a 200-day moving average price of $56.76.

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.