Pinkerton Wealth LLC Raises Stock Position in SPDR Gold Shares $GLD

Pinkerton Wealth LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 7.5% in the third quarter, Holdings Channel.com reports. The fund owned 144,999 shares of the exchange traded fund’s stock after acquiring an additional 10,084 shares during the quarter. SPDR Gold Shares makes up about 5.5% of Pinkerton Wealth LLC’s investment portfolio, making the stock its largest position. Pinkerton Wealth LLC’s holdings in SPDR Gold Shares were worth $51,543,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Mccarter Private Wealth Services LLC increased its stake in shares of SPDR Gold Shares by 3.2% during the 3rd quarter. Mccarter Private Wealth Services LLC now owns 870 shares of the exchange traded fund’s stock worth $309,000 after purchasing an additional 27 shares during the last quarter. Prudent Investors Network Inc. lifted its stake in shares of SPDR Gold Shares by 3.8% in the 3rd quarter. Prudent Investors Network Inc. now owns 734 shares of the exchange traded fund’s stock valued at $261,000 after purchasing an additional 27 shares during the last quarter. Norris Perne & French LLP MI lifted its stake in shares of SPDR Gold Shares by 3.3% in the 3rd quarter. Norris Perne & French LLP MI now owns 873 shares of the exchange traded fund’s stock valued at $310,000 after purchasing an additional 28 shares during the last quarter. Revisor Wealth Management LLC boosted its holdings in SPDR Gold Shares by 2.4% in the third quarter. Revisor Wealth Management LLC now owns 1,237 shares of the exchange traded fund’s stock worth $452,000 after purchasing an additional 29 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC boosted its holdings in SPDR Gold Shares by 12.0% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 271 shares of the exchange traded fund’s stock worth $96,000 after purchasing an additional 29 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $472.53 on Tuesday. SPDR Gold Shares has a one year low of $265.64 and a one year high of $509.70. The company’s fifty day moving average price is $448.46 and its two-hundred day moving average price is $395.57. The company has a market capitalization of $179.61 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: World Gold Council says investment demand for gold remains strong despite price volatility — a structural support for GLD from investor flows. Gold investment demand remains strong despite price volatility – World Gold Council’s Cavatoni
• Positive Sentiment: Analysts warn gold could attract safe-haven buying if the Iran conflict persists — a scenario that would boost GLD in a prolonged geopolitical shock. Gold could find a safe-haven bid if the Iran war drags on – Natixis’ Dahdah
• Positive Sentiment: Some market commentary points to intermittent safe-haven demand after weak U.S. jobs data and rising inflation risks, which can provide intermittent support for GLD. Gold Price Forecast: Weak Jobs Data and Inflation Risks Lift Safe-Haven Demand
• Neutral Sentiment: Intraday technical/forecast notes highlight noisy trading and key support/resistance levels; useful for short-term traders but less decisive for GLD’s medium-term direction. Gold market analysis for March 9 – key intra-day price entry levels for active traders
• Negative Sentiment: Multiple reports cite a firmer U.S. dollar and rising Treasury yields as primary near-term headwinds for gold — a macro combo that typically pressures GLD share prices. Gold News: Price Slides as Dollar Strength and Rising Yields Hit the Market
• Negative Sentiment: Oil’s sharp spike amid the Iran war (Reuters: oil soars ~25%) raises inflation and rate-hike worries — that can push investors toward cash/real-yield assets and away from gold, pressuring GLD. Oil soars 25%, gold drops as Iran war jolts global commodity markets
• Negative Sentiment: An institutional holder (Advisor Resource Council) reduced its GLD position ~39% in the most recent filing — an ETF outflow signal that can add downward pressure on GLD NAV/price. SPDR Gold Shares $GLD Shares Sold by Advisor Resource Council
• Negative Sentiment: Commentary from strategists (BNY, Kitco pieces) suggests some investors are underweight gold for a potential prolonged stagflationary impulse, implying less immediate buying interest for GLD. Gold’s fade shows investors ‘not fully positioned for a prolonged stagflationary impulse’ – BNY’s Savage

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.