First Heartland Consultants Inc. Has $278,000 Stake in iShares Gold Trust (NYSEARCA:IAU)

First Heartland Consultants Inc. trimmed its holdings in iShares Gold Trust (NYSEARCA:IAU) by 30.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,593 shares of the exchange traded fund’s stock after selling 2,400 shares during the period. First Heartland Consultants Inc.’s holdings in iShares Gold Trust were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IAU. Sumitomo Mitsui Trust Group Inc. raised its position in iShares Gold Trust by 0.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock valued at $902,181,000 after purchasing an additional 142,487 shares in the last quarter. WealthNavi Inc. grew its stake in shares of iShares Gold Trust by 4.2% in the third quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock worth $287,405,000 after purchasing an additional 233,999 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in iShares Gold Trust by 15.8% during the second quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock valued at $154,577,000 after acquiring an additional 479,796 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in iShares Gold Trust by 0.8% during the third quarter. Commonwealth Equity Services LLC now owns 3,062,509 shares of the exchange traded fund’s stock valued at $152,207,000 after acquiring an additional 23,058 shares during the last quarter. Finally, Truist Financial Corp boosted its position in iShares Gold Trust by 118.9% during the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock valued at $108,303,000 after acquiring an additional 1,339,100 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Down 1.0 %

Shares of NYSEARCA IAU opened at $48.59 on Thursday. The firm’s 50-day moving average price is $50.01 and its 200-day moving average price is $46.84. iShares Gold Trust has a 1-year low of $37.02 and a 1-year high of $52.69.

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.