Norris Financial Group LLC Acquires Shares of 15,029 SPDR Gold Shares $GLD

Norris Financial Group LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 15,029 shares of the exchange traded fund’s stock, valued at approximately $6,467,000. SPDR Gold Shares accounts for about 2.1% of Norris Financial Group LLC’s portfolio, making the stock its 14th largest position.

A number of other institutional investors have also modified their holdings of the stock. Front Row Advisors LLC boosted its holdings in shares of SPDR Gold Shares by 22.5% in the first quarter. Front Row Advisors LLC now owns 245 shares of the exchange traded fund’s stock valued at $105,000 after acquiring an additional 45 shares in the last quarter. Western Wealth Management LLC boosted its holdings in SPDR Gold Shares by 7.9% during the first quarter. Western Wealth Management LLC now owns 49,670 shares of the exchange traded fund’s stock worth $21,372,000 after buying an additional 3,651 shares in the last quarter. McIlrath & Eck LLC grew its position in SPDR Gold Shares by 257.5% during the first quarter. McIlrath & Eck LLC now owns 2,538 shares of the exchange traded fund’s stock worth $1,092,000 after buying an additional 1,828 shares during the period. Orographic Financial Advisors LLC acquired a new position in SPDR Gold Shares during the first quarter worth about $3,300,000. Finally, Silicon Valley Capital Partners increased its holdings in SPDR Gold Shares by 6.2% in the first quarter. Silicon Valley Capital Partners now owns 512 shares of the exchange traded fund’s stock valued at $220,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.6%

GLD stock opened at $377.16 on Friday. The firm has a 50 day moving average of $384.75 and a 200-day moving average of $422.83. The company has a market cap of $133.36 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a 12-month low of $302.86 and a 12-month high of $509.70.

SPDR Gold Shares News Summary

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

• Positive Sentiment: June PCE inflation came in softer and the dollar weakened, helping gold rebound after the Federal Reserve held interest rates while maintaining a hawkish stance. Because GLD tracks gold bullion, lower inflation and potential future rate relief support its investment appeal. Gold holds above $4,100 as softer PCE offsets hawkish Fed
• Positive Sentiment: Analysts said the Fed’s decision to keep rates unchanged provided relief for gold, while central-bank purchases and strong Asian buying indicated that underlying demand remains resilient despite the second-quarter selloff. Gold demand proves resilient despite Q2 selloff
• Positive Sentiment: Retail bullion demand is showing signs of recovery, with the Royal Mint reporting stronger purchases of digital gold and silver after the recent correction. Retail investors buy the dip
• Neutral Sentiment: Gold remains in a consolidation range after finding support near $4,000. A sustained move above roughly $4,203 could signal a broader bullish reversal, but failure to break that resistance would keep GLD range-bound. Gold price forecast and resistance analysis
• Negative Sentiment: The Fed’s hawkish messaging, firm Treasury yields and resilient weekly jobless-claims data continue to reduce expectations for near-term rate cuts, creating headwinds for non-yielding gold. Gold steadies as GDP and PCE keep rate risk alive
• Negative Sentiment: Consumers continue selling unwanted gold jewelry while prices remain elevated, adding potential supply and limiting upside momentum. Investors continue selling unwanted gold jewelry

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.