QP Wealth Management LLC Makes New Investment in SPDR Gold Shares $GLD

QP Wealth Management LLC acquired a new position in SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, HoldingsChannel reports. The firm acquired 2,970 shares of the exchange traded fund’s stock, valued at approximately $1,177,000. SPDR Gold Shares accounts for 1.0% of QP Wealth Management LLC’s holdings, making the stock its 26th biggest position.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Empirical Asset Management LLC lifted its holdings in SPDR Gold Shares by 256.7% in the 3rd quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock worth $12,941,000 after buying an additional 26,197 shares in the last quarter. Colonial Trust Advisors grew its stake in shares of SPDR Gold Shares by 7.6% during the third quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock valued at $7,010,000 after acquiring an additional 1,385 shares in the last quarter. Spirepoint Private Client LLC acquired a new stake in shares of SPDR Gold Shares during the third quarter valued at about $742,000. FAS Wealth Partners Inc. increased its position in shares of SPDR Gold Shares by 71.1% during the third quarter. FAS Wealth Partners Inc. now owns 20,916 shares of the exchange traded fund’s stock worth $7,435,000 after acquiring an additional 8,691 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in shares of SPDR Gold Shares by 19.4% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 36,470 shares of the exchange traded fund’s stock worth $12,964,000 after acquiring an additional 5,932 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $413.38 on Friday. The company has a market capitalization of $157.13 billion, a P/E ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a one year low of $272.58 and a one year high of $509.70. The stock has a 50-day moving average price of $457.25 and a 200 day moving average price of $403.20.

SPDR Gold Shares News Summary

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

• Positive Sentiment: Safe-haven support from geopolitical tensions has offered intermittent buying interest, helping limit today’s losses and producing short-lived rebounds. Gold (XAUUSD) & Silver Price Forecast
• Positive Sentiment: Technical bounce off a two‑month low produced intraday recoveries, suggesting some traders view the pullback as a buying opportunity. Gold Rises Off a Two-Month Low
• Positive Sentiment: Some analysts and commentators call the drop a buying opportunity amid longer‑term debt and geopolitical risks that structurally support gold’s safe-haven role. Gold’s pullback is a buying opportunity
• Neutral Sentiment: Industry infrastructure moves (World Gold Council tokenization plans and proposed U.S. legislation to diversify vaults) are longer‑term structural developments that may increase market access/liquidity but are unlikely to affect GLD’s price immediately. World Gold Council building shared infrastructure
• Neutral Sentiment: Regional demand notes (e.g., rising gold‑loan activity in India) underline steady underlying physical demand, but these trends are gradual and not offsetting macro-driven flows. Inside India newsletter: Gold loans
• Negative Sentiment: Macro forces—rising U.S. Treasury yields, a stronger dollar and diminished odds of Fed rate cuts—are the primary drivers of the selloff that’s hit gold hardest this week. Multiple outlets highlight inflation expectations and rate paths as the key headwind. Gold suffers worst week since 1983
• Negative Sentiment: Oil-driven spikes in yields and market volatility have amplified the move lower in gold and reduced the likelihood of quick rate cuts, pressuring GLD and related miners. Gold Drops to a Two-Month Low
• Negative Sentiment: Technical analysts warn a breakdown of key support levels could trigger deeper corrections; some market commentaries and GLD‑focused pieces expect additional ETF outflows and further weakness. Support Breakdown Risks Deeper Correction GLD: Expecting Additional Losses

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.