Shrier Wealth Management LLC Purchases New Position in SPDR Gold Shares $GLD

Shrier Wealth Management LLC acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 24,988 shares of the exchange traded fund’s stock, valued at approximately $9,903,000. SPDR Gold Shares accounts for approximately 3.9% of Shrier Wealth Management LLC’s holdings, making the stock its 5th biggest holding.

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

SPDR Gold Shares Trading Up 3.8%

NYSEARCA:GLD opened at $430.29 on Wednesday. The stock has a market cap of $163.55 billion, a P/E ratio of -32.43 and a beta of 0.09. The stock’s 50-day moving average is $455.48 and its 200-day moving average is $408.17. SPDR Gold Shares has a 1-year low of $272.58 and a 1-year high of $509.70.

Key SPDR Gold Shares News

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

• Positive Sentiment: Fed dovishness and lower yields boosted safe-haven demand for gold, lifting prices and benefiting GLD. Gold Jumps 2.4% as Fed Signals Patience, Trump Weighs Iran War End
• Positive Sentiment: Powell comments that further rate hikes are unlikely reduced rate-risk premia and pushed the dollar and yields lower, supporting gold and GLD. Gold Climbs as Powell Says Interest-Rate Hikes are Unlikely While Reports Say the U.S. May End the Iran War
• Positive Sentiment: Spot gold reclaimed key levels above $4,600 on safe‑haven flows and economic data (JOLTS, consumer confidence) that softened rate‑cut expectations — supportive for GLD flows and price. Spot gold trades above $4,600/oz after U.S. Consumer Confidence rises
• Positive Sentiment: Technical commentary shows gold testing resistance and potential breakout targets — momentum break could attract momentum and CTA flows into GLD. Gold (XAU/USD) Price Forecast: Breakout Targets Key Fibonacci and MA Levels
• Neutral Sentiment: Longer-term bank/upside forecasts remain bullish (UBS, Commerzbank) but depend on rate cuts and sustained safe-haven demand — supportive context but not immediate catalysts. Gold Has Plummeted Since Iran War Began. Why It Could Climb 35% by July.
• Neutral Sentiment: Industry staffing news (Tether cutting two gold traders) is company‑specific to counterparties and unlikely to move GLD directly. Tether cuts two gold traders hired three months ago, source says
• Negative Sentiment: ETF outflows and heavy selling have pressured gold earlier in the month — a headwind for GLD share flows and price if outflows continue. Gold Drops 15% as ETF Outflows Surge, Buyers Begin Stepping In
• Negative Sentiment: Gold remains on track for a large monthly decline amid the Iran war’s market uncertainty — headline risk and volatility can keep investors sidelined and pressure GLD. Gold on track for worst month since 2008 as Iran war enters its fifth week
• Negative Sentiment: Reports that U.S./Iran de‑escalation or end‑of‑war moves could reduce safe‑haven demand, which would be a headwind for GLD if confirmed. Gold Climbs as Powell Says Interest-Rate Hikes are Unlikely While Reports Say the U.S. May End the Iran War

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.