FAS Wealth Partners Inc. Acquires 12,148 Shares of SPDR Gold Shares $GLD

FAS Wealth Partners Inc. lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 37.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,313 shares of the exchange traded fund’s stock after acquiring an additional 12,148 shares during the period. SPDR Gold Shares makes up approximately 0.9% of FAS Wealth Partners Inc.’s investment portfolio, making the stock its 22nd largest position. FAS Wealth Partners Inc.’s holdings in SPDR Gold Shares were worth $16,324,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Corient Private Wealth LLC boosted its holdings in SPDR Gold Shares by 571.3% in the 4th quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock valued at $1,565,118,000 after purchasing an additional 3,360,966 shares during the period. Morgan Stanley grew its position in shares of SPDR Gold Shares by 22.4% during the 4th quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock worth $5,506,229,000 after purchasing an additional 2,539,266 shares in the last quarter. Virtu Financial LLC bought a new position in shares of SPDR Gold Shares during the fourth quarter worth approximately $474,952,000. Marino Management LLC bought a new position in shares of SPDR Gold Shares during the fourth quarter worth approximately $438,475,000. Finally, Diamant Asset Management Inc. increased its holdings in shares of SPDR Gold Shares by 42,929.0% during the first quarter. Diamant Asset Management Inc. now owns 697,070 shares of the exchange traded fund’s stock worth $299,942,000 after purchasing an additional 695,450 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 0.6%

NYSEARCA GLD opened at $401.48 on Friday. SPDR Gold Shares has a 1-year low of $305.19 and a 1-year high of $509.70. The company has a 50 day moving average of $380.45 and a 200-day moving average of $419.72. The company has a market cap of $141.76 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17.

Key SPDR Gold Shares News

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

• Positive Sentiment: July U.S. retail sales unexpectedly fell 0.6%, while preliminary August consumer sentiment dropped to 51 versus a 54.5 consensus forecast. The weaker data increased expectations that the Fed may hold rates steady in September, supporting non-yielding gold. Gold rallies after retail sales drop
• Positive Sentiment: Cooling inflation is also helping gold: July headline PPI was flat, and recent CPI and PPI readings have reduced rate-hike concerns. A softer dollar and lower real-rate expectations generally make gold more attractive. Gold rebounds as dollar pulls back
• Positive Sentiment: Longer-term demand remains constructive. UBS strategists said gold could challenge $5,000 per ounce in the first half of 2027, citing lower real rates, a weaker dollar and strong sovereign and central-bank buying. The Bank of Korea also reported a $250 million holding in SPDR Gold Shares, its first gold-linked purchase since 2013. UBS sees gold challenging $5,000
• Neutral Sentiment: Investors are awaiting Federal Reserve meeting minutes, housing data and manufacturing PMI figures next week. These releases could cause volatility by changing views on economic growth and future interest rates. Gold looks to Fed minutes and economic data
• Negative Sentiment: Gold has struggled to extend its rebound near the $4,450–$4,500 resistance zone. Technical analysts warn that a pullback may be needed before another advance, while profit-taking, Treasury yields and geopolitical developments could cap gains. Gold pullback risk after resistance test

SPDR Gold Shares Company 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.