2,122 Shares in SPDR Gold Shares $GLD Purchased by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 2,122 shares of the exchange traded fund’s stock, valued at approximately $841,000.

Several other hedge funds have also recently bought and sold shares of the company. Prepared Retirement Institute LLC lifted its stake in SPDR Gold Shares by 1.6% during the 4th quarter. Prepared Retirement Institute LLC now owns 1,328 shares of the exchange traded fund’s stock worth $526,000 after acquiring an additional 21 shares in the last quarter. True Vision MN LLC lifted its stake in SPDR Gold Shares by 3.2% during the 4th quarter. True Vision MN LLC now owns 768 shares of the exchange traded fund’s stock worth $304,000 after acquiring an additional 24 shares in the last quarter. Burns J W & Co. Inc. NY lifted its stake in SPDR Gold Shares by 0.7% during the 4th quarter. Burns J W & Co. Inc. NY now owns 3,500 shares of the exchange traded fund’s stock worth $1,387,000 after acquiring an additional 25 shares in the last quarter. PFS Partners LLC lifted its stake in SPDR Gold Shares by 2.4% during the 4th quarter. PFS Partners LLC now owns 1,078 shares of the exchange traded fund’s stock worth $427,000 after acquiring an additional 25 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. lifted its stake in SPDR Gold Shares by 28.7% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 112 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 25 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares News Summary

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

• Neutral Sentiment: Gold and silver were mixed to slightly lower as investors weighed sticky inflation data, U.S.-Iran truce developments, and shifting rate expectations, with gold breaking below a key channel level. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks $4,520 Channel as Silver Rejects $76 — More Downside Ahead?
• Neutral Sentiment: Spot gold remained under pressure as the strong U.S. dollar, higher Treasury yields, and renewed Fed rate-hike risk kept buyers cautious near support. Gold Price Analysis: Fed Rate Risks Keep XAUUSD and XAGUSD Under Pressure
• Neutral Sentiment: Gold is consolidating in a tightening technical range, suggesting traders are waiting for a breakout before the next major trend becomes clear. Gold (XAU/USD) Price Forecast: Momentum Builds Inside Tightening Range
• Neutral Sentiment: Gold found some support from easing Treasury yields and weaker oil prices, but those gains were offset by a firmer dollar. Gold steadies, silver rises as as Hormuz risk premium fades – Kitco PM Report
• Neutral Sentiment: Some reports point to longer-term support for gold as a monetary asset, but the near-term setup remains driven by rates and technicals. Gold’s ‘golden decade’ enters next phase with new $8,900 target – In Gold We Trust Report
• Negative Sentiment: Gold has broken below key support near $4,500, and several analysts say rising yields and rate fears could leave the metal vulnerable to more downside in the short term. Gold price faces downside risk on break of 200-DMA and $4,350 critical support – Societe Generale

SPDR Gold Shares Trading Down 0.1%

Shares of NYSEARCA GLD opened at $416.99 on Friday. The stock has a market cap of $151.66 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12-month low of $299.89 and a 12-month high of $509.70. The business’s fifty day simple moving average is $431.02 and its 200-day simple moving average is $424.71.

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.