WealthPLAN Partners LLC Buys 1,370 Shares of SPDR Gold Shares $GLD

WealthPLAN Partners LLC boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 51.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,020 shares of the exchange traded fund’s stock after purchasing an additional 1,370 shares during the quarter. WealthPLAN Partners LLC’s holdings in SPDR Gold Shares were worth $1,593,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. WPG Advisers LLC purchased a new position in shares of SPDR Gold Shares in the 4th quarter worth approximately $25,000. Chapman Financial Group LLC purchased a new stake in SPDR Gold Shares during the second quarter valued at approximately $26,000. Vestwell Advisors LLC acquired a new stake in SPDR Gold Shares in the third quarter valued at approximately $27,000. Eukles Asset Management acquired a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $27,000. Finally, USA Financial Formulas purchased a new position in SPDR Gold Shares in the fourth quarter worth $31,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

Key SPDR Gold Shares News

Here are the key news stories impacting SPDR Gold Shares this week:

• Positive Sentiment: Gold and silver bounced as hopes for a U.S.-Iran deal weakened the dollar, while continued geopolitical uncertainty kept some safe-haven buying in the market. Gold and Silver Price Forecast: US-Iran Deal Hopes Lift XAUUSD and XAGUSD
• Positive Sentiment: Traders are defending major support around the $4,000-an-ounce area, and several analysts say the long-term gold bull market is still intact despite the recent pullback. Don’t fear a drop below $4,000, gold’s bull market isn’t broken – Thorsten Polleit
• Neutral Sentiment: Gold rebounded from recent lows and is trying to establish a bottom, but it still needs a stronger breakout above key resistance levels to confirm a sustained recovery. Gold (XAU/USD) Price Forecast: Undercut Setup Signals Potential Bottom
• Neutral Sentiment: Gold remains in a broad technical downtrend after breaking below major moving averages, leaving the ETF sensitive to further swings in inflation, yields, and Fed policy expectations. Gold (XAU/USD) Price Forecast: Bearish Breakdown Signals Trend Shift Risk
• Negative Sentiment: Hot U.S. inflation readings and expectations for higher-for-longer interest rates continue to weigh on gold, which is making it harder for GLD to recover meaningfully. Gold slumps to 6-month low even as inflation fears rise. Here’s why bullion is out of favor

SPDR Gold Shares Trading Up 3.1%

Shares of GLD stock opened at $386.32 on Friday. The business’s fifty day simple moving average is $422.52 and its 200-day simple moving average is $427.97. The company has a market cap of $140.50 billion, a PE ratio of -32.43 and a beta of 0.14. SPDR Gold Shares has a 12-month low of $299.89 and a 12-month high of $509.70.

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.