SPDR Gold Shares $GLD Shares Sold by Gould Capital LLC

Gould Capital LLC cut its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 14.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,590 shares of the exchange traded fund’s stock after selling 2,105 shares during the period. SPDR Gold Shares accounts for 3.3% of Gould Capital LLC’s holdings, making the stock its 6th biggest position. Gould Capital LLC’s holdings in SPDR Gold Shares were worth $5,417,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Parvin Asset Management LLC purchased a new stake in shares of SPDR Gold Shares during the 1st quarter worth about $31,000. EverSource Wealth Advisors LLC increased its stake in shares of SPDR Gold Shares by 57.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 16,005 shares of the exchange traded fund’s stock valued at $6,887,000 after purchasing an additional 5,821 shares in the last quarter. Talon Private Wealth LLC acquired a new position in SPDR Gold Shares in the 1st quarter worth about $682,000. Resources Management Corp CT ADV raised its holdings in SPDR Gold Shares by 39.6% in the 1st quarter. Resources Management Corp CT ADV now owns 705 shares of the exchange traded fund’s stock worth $303,000 after purchasing an additional 200 shares during the period. Finally, ROI Financial Advisors LLC raised its holdings in SPDR Gold Shares by 1.5% in the 1st quarter. ROI Financial Advisors LLC now owns 16,508 shares of the exchange traded fund’s stock worth $7,103,000 after purchasing an additional 241 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: ETF inflows and continued central-bank purchases, particularly from China, are providing underlying support for gold and could help limit downside in GLD. China may significantly expand its gold holdings over the next five years. ETF inflows support gold ahead of Fed week
• Positive Sentiment: Weaker-than-expected U.S. consumer confidence pressured the dollar and supported a rebound in spot gold from session lows, a dynamic that can benefit GLD. Spot gold trades after consumer confidence drops
• Neutral Sentiment: The launch of CME Group’s 24/7 one-ounce gold contract generated roughly $60 million in weekend trading, signaling demand for continuous gold-market access but not necessarily an immediate change in bullion prices. CME’s 24/7 gold contract
• Neutral Sentiment: Analysts expect the Fed to remain on hold until at least September, potentially keeping gold range-bound for several months while markets await clearer guidance on rates and inflation. Fed will hold until at least September
• Negative Sentiment: Gold sellers have regained control as traders price in greater risk of a hawkish Fed. Higher yields and rate expectations are weakening the investment case for non-yielding bullion. Gold market faces rate hike fears
• Negative Sentiment: Commerzbank lowered its gold and silver forecasts, warning that a sustained recovery is unlikely while the Iran conflict continues to weigh on markets and gold struggles to hold support above $4,000 per ounce. Commerzbank downgrades gold and silver prices
• Negative Sentiment: The pause in U.S.-Iran hostilities has reduced immediate safe-haven demand and lowered oil-driven inflation concerns, while gold recently suffered its worst quarterly performance in more than a decade. Oil and gold lower as U.S.-Iran pause holds

SPDR Gold Shares Trading Down 1.4%

Shares of GLD stock opened at $369.37 on Wednesday. SPDR Gold Shares has a 12-month low of $300.95 and a 12-month high of $509.70. The business’s 50 day moving average is $386.47 and its two-hundred day moving average is $423.38. The company has a market capitalization of $130.42 billion, a P/E ratio of -32.43 and a beta of 0.17.

SPDR Gold Shares Profile

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.