Wells Financial Advisors INC trimmed its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 22.7% during the fourth quarter, Holdings Channel reports. The firm owned 9,893 shares of the exchange traded fund’s stock after selling 2,899 shares during the quarter. SPDR Gold Shares comprises about 7.5% of Wells Financial Advisors INC’s holdings, making the stock its 3rd largest position. Wells Financial Advisors INC’s holdings in SPDR Gold Shares were worth $3,921,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in GLD. WPG Advisers LLC acquired a new stake in SPDR Gold Shares in the fourth quarter worth $25,000. Hopwood Financial Services Inc. acquired a new position in shares of SPDR Gold Shares during the third quarter valued at about $27,000. Vestwell Advisors LLC bought a new position in shares of SPDR Gold Shares during the 3rd quarter worth about $27,000. USA Financial Formulas bought a new position in shares of SPDR Gold Shares during the 4th quarter worth about $31,000. Finally, Chapman Financial Group LLC acquired a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at about $26,000. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Price Performance
Shares of SPDR Gold Shares stock opened at $423.66 on Friday. The business has a 50-day simple moving average of $444.17 and a 200 day simple moving average of $419.90. SPDR Gold Shares has a one year low of $291.78 and a one year high of $509.70. The firm has a market capitalization of $155.19 billion, a price-to-earnings ratio of -32.43 and a beta of 0.20.
Key SPDR Gold Shares News
- Positive Sentiment: Central banks remain net buyers and structural supply/demand dynamics (large silver deficit, heavy central‑bank purchases of gold) support a longer‑term bull case for bullion and the GLD vehicle. Gold (XAUUSD) & Silver Price Forecast: Silver’s 762M Oz Drain – Structural Bull Case Intact?
- Positive Sentiment: Technical support: some analysts report stabilization above key Fibonacci levels (around $4,532 on XAUUSD) and identify potential rally targets near $4,800, which can spur short‑covering and bargain buying in GLD. Gold (XAUUSD) & Silver Price Forecast: $4,532 Holds – Is Gold’s Road to $4,800 Now Open?
- Neutral Sentiment: Valuation view: some outlets argue GLD (and IAU) may look attractively priced after an ~8% slide since the Iran war began, which could attract long‑term investors even as near‑term risks persist. Gold ETF Value Check: With Gold Down 8% Since the Iran War Began, Are GLD and IAU Fairly Valued at Current Levels?
- Neutral Sentiment: Intermittent rebounds tied to short‑term moves in the dollar and yields (e.g., dips in U.S. yields or a weaker dollar) are producing sporadic buying and technical recoveries that can lift GLD intraday. Gold Rises as the Dollar and Yields Fall After a Report Showed U.S. Inflation Continues to Run Hot
- Negative Sentiment: Energy/inflation shock: rising oil prices are increasing inflation expectations and pushing back market hopes for Fed rate cuts — a key headwind for gold and GLD because higher/longer rates raise real yields. Gold and Silver Technical Analysis: Oil Shock Keeps Metals Under Pressure
- Negative Sentiment: Fed stance and stronger dollar/real yields: commentary and data showing a higher‑for‑longer Fed outlook have lifted yields and the dollar, intensifying selling pressure on gold and weighing on GLD. Gold News: Gold Market Pressured by Fed Stance, Stronger Dollar, Fading Gold Breakout Hopes
- Negative Sentiment: Bearish positioning and technical setups: notable options trades (selling upside call exposure while buying puts on GLD) and technical breakdowns (bearish wedges, momentum toward support zones) signal increased downside risk and caution for GLD holders. A million-dollar gold bear emerges ahead of the Fed decision Gold (XAU/USD) Price Forecast: Rebound Faces Larger Bearish Setup
About SPDR Gold Shares
SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.
Further Reading
Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
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