Broussard Financial Group LLC Sells 10,365 Shares of iShares Gold Trust $IAU

Broussard Financial Group LLC lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 6.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 157,102 shares of the exchange traded fund’s stock after selling 10,365 shares during the quarter. iShares Gold Trust comprises about 11.1% of Broussard Financial Group LLC’s holdings, making the stock its 3rd biggest holding. Broussard Financial Group LLC’s holdings in iShares Gold Trust were worth $13,850,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Godfrey Financial Associates Inc. purchased a new stake in shares of iShares Gold Trust in the 4th quarter valued at approximately $25,000. Monetary Solutions Ltd purchased a new stake in shares of iShares Gold Trust during the 4th quarter valued at approximately $26,000. Merkkuri Wealth Advisors LLC purchased a new stake in shares of iShares Gold Trust during the 1st quarter valued at approximately $26,000. Fairway Wealth LLC lifted its holdings in iShares Gold Trust by 525.0% in the first quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 252 shares during the last quarter. Finally, Rossby Financial LCC lifted its holdings in iShares Gold Trust by 75.7% in the fourth quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 140 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 1.2%

Shares of iShares Gold Trust stock opened at $77.37 on Wednesday. iShares Gold Trust has a 52 week low of $61.60 and a 52 week high of $104.40. The business’s fifty day simple moving average is $82.46 and its 200-day simple moving average is $87.45. The firm has a market cap of $63.90 billion, a PE ratio of 5.53 and a beta of 0.18.

Key Stories Impacting iShares Gold Trust

Here are the key news stories impacting iShares Gold Trust this week:

• Positive Sentiment: China’s central bank added 15 tonnes of gold reserves in June, reinforcing the view that official-sector buying remains a major support for the gold market. China’s central bank buys the dip, increasing gold reserves 15 tonnes in June
• Positive Sentiment: Several forecasts and analyst notes said the recent pullback may be a consolidation phase rather than the end of the longer-term bull market, with some still projecting materially higher gold prices later this year. Gold price may have found its floor as liquidation gives way to consolidation – Saxo Bank
• Neutral Sentiment: Gold is attempting to stabilize and reclaim short-term trend indicators, but analysts say the next move depends on whether it can clear nearby resistance levels. Gold (XAU/USD) Price Forecast: Recovery Attempt Tests Major Trend Barriers
• Neutral Sentiment: Gold has also been supported at times by weaker labor data and expectations that the Federal Reserve may be less aggressive, though upcoming policy signals remain a key risk factor. Gold and Silver Price Forecast: Fed Minutes Put Breakout Levels in Focus
• Negative Sentiment: Gold has faced selling pressure as Treasury yields rose and traders waited for Fed minutes, limiting enthusiasm for the metal in the near term. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Lower As Treasury Yields Rise
• Negative Sentiment: Technical reports noted that gold continues to struggle near major resistance around the $4,200 area, suggesting the rally may remain choppy until buyers regain control. Gold price continues to struggle as U.S. ISM Services PMI falls to 54

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).