PCG Wealth Advisors LLC Has $11.27 Million Holdings in SPDR Gold Shares $GLD

PCG Wealth Advisors LLC lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 18.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,443 shares of the exchange traded fund’s stock after selling 6,292 shares during the quarter. SPDR Gold Shares comprises approximately 3.2% of PCG Wealth Advisors LLC’s holdings, making the stock its 3rd largest holding. PCG Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $11,272,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WPG Advisers LLC bought a new position in SPDR Gold Shares during the fourth quarter worth about $25,000. Chapman Financial Group LLC bought a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at about $26,000. Hopwood Financial Services Inc. bought a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at about $27,000. Vestwell Advisors LLC acquired a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at approximately $27,000. Finally, USA Financial Formulas acquired a new stake in shares of SPDR Gold Shares in the 4th quarter valued at approximately $31,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $427.21 on Friday. The firm has a market capitalization of $155.38 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The company’s 50 day simple moving average is $436.63 and its 200 day simple moving average is $422.96. SPDR Gold Shares has a fifty-two week low of $291.78 and a fifty-two week high of $509.70.

Trending Headlines about SPDR Gold Shares

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

• Positive Sentiment: Gold has held up around record-high territory and remained above key support levels, suggesting underlying demand is still strong even after intraday swings. Silver drops 4.6% as yields rise, gold holds above $4,650 – Kitco PM Report
• Positive Sentiment: Weakness in weekly jobless claims and easing Treasury yields helped gold rebound earlier in the session, supporting gold-backed ETFs like GLD. Spot gold approaching session high after U.S. weekly jobless claims rise to 211k
• Neutral Sentiment: Gold is consolidating in a tight range near a potential breakout zone, so traders are waiting for a fresh catalyst before making a bigger move. Gold (XAU/USD) Price Forecast: Range Compression Near Key Breakout Zone
• Neutral Sentiment: Mixed inflation and labor data are keeping gold directionless for now, with investors watching whether supportive safe-haven demand outweighs higher-rate headwinds. Gold and silver await fresh catalyst despite supportive fundamentals – Sucden Financials
• Negative Sentiment: A stronger U.S. dollar and hot inflation data are pressuring gold prices by weighing on expectations for near-term rate cuts. Gold News: Gold Price Struggles as Dollar Rally Extends to Four Days
• Negative Sentiment: Rising Treasury yields and the dollar’s strength have also contributed to midweek weakness in gold, which can translate into softer GLD trading. Gold News: Gold Price Future Weakens After PPI Shock and Rising Treasury Yields

About SPDR Gold Shares

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.