Rice Partnership LLC Sells 5,545 Shares of SPDR Gold Shares $GLD

Rice Partnership LLC decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 3.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 137,329 shares of the exchange traded fund’s stock after selling 5,545 shares during the period. SPDR Gold Shares comprises approximately 7.4% of Rice Partnership LLC’s portfolio, making the stock its 2nd biggest holding. Rice Partnership LLC’s holdings in SPDR Gold Shares were worth $54,425,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of SPDR Gold Shares by 20.4% in the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after acquiring an additional 1,903 shares in the last quarter. Bison Wealth LLC lifted its position in SPDR Gold Shares by 77.8% during the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after buying an additional 2,600 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in SPDR Gold Shares during the first quarter worth about $16,014,000. Schnieders Capital Management LLC. lifted its position in SPDR Gold Shares by 4.8% during the second quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock worth $1,829,000 after buying an additional 275 shares during the period. Finally, Prudential Financial Inc. purchased a new position in SPDR Gold Shares during the second quarter worth about $337,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $411.95 on Wednesday. The stock’s 50-day moving average is $424.95 and its 200-day moving average is $426.83. The company has a market cap of $149.83 billion, a price-to-earnings 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.

More SPDR Gold Shares News

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

• Positive Sentiment: Gold prices firmed as reports suggested U.S.-Iran peace negotiations are continuing, while the dollar weakened, which generally supports bullion and GLD. Gold Trading Higher Following Reports Peace Negotiations Between Iran and the U.S. are Continuing
• Positive Sentiment: Several reports pointed to gold benefiting from falling rates, softer yields, and a stalled dollar, reinforcing the bullion bull case and supporting GLD. Gold Price Analysis – Gold Rallies as Rates Fall
• Positive Sentiment: European Central Bank commentary highlighted gold’s role as a reserve asset of choice for central banks, a longer-term demand tailwind for the metal. Central banks see gold as the reserve asset of choice – ECB report
• Neutral Sentiment: Gold is compressing in a tight technical range near key moving averages, suggesting traders are waiting for a breakout rather than driving a clear trend right now. Gold (XAU/USD) Price Forecast: Tight Range Builds Breakout Pressure
• Neutral Sentiment: Stronger-than-expected U.S. jobs and manufacturing data reduced some rate-cut hopes, which has kept gold from extending gains even though the broader long-term thesis remains constructive. Gold price struggling around $4,500 as U.S. JOLTS shows rise in job openings
• Negative Sentiment: Rising oil prices, firmer Treasury yields, and a stronger dollar during Middle East tensions have pressured gold at times, weighing on GLD’s near-term momentum. Gold falls as oil jumps on U.S.-Iran deadlock – Kitco PM Report
• Negative Sentiment: Gold has also been described as trapped between competing narratives, with recent price action biased slightly lower when risk sentiment improved and the dollar strengthened. Gold Appears Trapped Between Two Powerful Narratives

SPDR Gold Shares 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.