Revere Asset Management Inc Acquires Shares of 46,420 SPDR Gold Shares $GLD

Revere Asset Management Inc purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,420 shares of the exchange traded fund’s stock, valued at approximately $18,397,000. SPDR Gold Shares accounts for 6.5% of Revere Asset Management Inc’s holdings, making the stock its 6th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Prepared Retirement Institute LLC raised its holdings in shares of SPDR Gold Shares by 1.6% in the fourth quarter. Prepared Retirement Institute LLC now owns 1,328 shares of the exchange traded fund’s stock worth $526,000 after buying an additional 21 shares during the period. True Vision MN LLC raised its holdings in shares of SPDR Gold Shares by 3.2% in the fourth quarter. True Vision MN LLC now owns 768 shares of the exchange traded fund’s stock worth $304,000 after buying an additional 24 shares during the period. Burns J W & Co. Inc. NY raised its holdings in shares of SPDR Gold Shares by 0.7% in the fourth quarter. Burns J W & Co. Inc. NY now owns 3,500 shares of the exchange traded fund’s stock worth $1,387,000 after buying an additional 25 shares during the period. PFS Partners LLC raised its holdings in shares of SPDR Gold Shares by 2.4% in the fourth quarter. PFS Partners LLC now owns 1,078 shares of the exchange traded fund’s stock worth $427,000 after buying an additional 25 shares during the period. Finally, Steigerwald Gordon & Koch Inc. raised its holdings in shares of SPDR Gold Shares by 28.7% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 112 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 25 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $413.82 on Tuesday. The business’s 50 day moving average price is $428.71 and its 200-day moving average price is $425.39. SPDR Gold Shares has a fifty-two week low of $299.89 and a fifty-two week high of $509.70. The company has a market cap of $150.51 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

Trending Headlines about SPDR Gold Shares

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

• Positive Sentiment: Gold ETFs were in focus as ceasefire optimism, a weaker dollar, and cooling oil prices lifted demand for precious metals and supported GLD. Gold ETFs Shine Again as Ceasefire Hopes Lift Market Optimism
• Positive Sentiment: Gold traded higher as the U.S. dollar weakened and investors bet that easing Middle East tensions could pressure oil and support rate-cut expectations, both of which are typically favorable for GLD. Update: Gold Rises as the USD Weakens While U.S. and Iran Talk to End Their War
• Positive Sentiment: Spot gold and silver rallied in early Monday trading as a weaker dollar, lower Treasury-yield expectations, and a sharp drop in crude oil prices improved the outlook for bullion-backed funds like GLD. Gold and silver rally as Hormuz deal hopes sink oil – Kitco AM Report
• Positive Sentiment: Analysts argued the recent gold pullback may reflect temporary forced liquidation rather than a broken bull trend, suggesting the longer-term setup for GLD could remain constructive. Gold’s forced sovereign liquidations could pave the way for the metal’s next great bull run – SPI’s Stephen Innes
• Neutral Sentiment: Russia’s central bank continued trimming its gold reserves, but the move was framed as a sovereign balance-sheet issue rather than a clear near-term demand shock for GLD. Russia’s sovereign gold reserves plunge 5.7 tonnes in April to 24-year low amid mounting deficits
• Negative Sentiment: Gold edged lower later in the session as traders weighed developments around a potential U.S.-Iran deal, showing some profit-taking after the earlier rally and creating modest pressure on GLD. Gold Edges Lower as Traders Weigh U.S.-Iran Deal’s Developments

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.