WCG Wealth Advisors LLC Acquires Shares of 20,628 SPDR Gold Shares $GLD

WCG Wealth Advisors LLC acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,628 shares of the exchange traded fund’s stock, valued at approximately $8,175,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Nvest Financial LLC raised its position in SPDR Gold Shares by 32.4% in the fourth quarter. Nvest Financial LLC now owns 12,703 shares of the exchange traded fund’s stock valued at $5,034,000 after purchasing an additional 3,111 shares during the period. GKV Capital Management Co. Inc. increased its position in shares of SPDR Gold Shares by 8.1% during the fourth quarter. GKV Capital Management Co. Inc. now owns 18,762 shares of the exchange traded fund’s stock worth $7,436,000 after acquiring an additional 1,401 shares during the last quarter. Anchor Capital Advisors LLC purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth about $336,000. CIBC Asset Management Inc increased its position in shares of SPDR Gold Shares by 17.6% during the fourth quarter. CIBC Asset Management Inc now owns 3,442 shares of the exchange traded fund’s stock worth $1,364,000 after acquiring an additional 516 shares during the last quarter. Finally, Marble Wealth LLC purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth about $3,498,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $407.87 on Thursday. SPDR Gold Shares has a 1 year low of $299.89 and a 1 year high of $509.70. The firm has a market cap of $148.34 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The stock’s 50-day simple moving average is $425.00 and its 200-day simple moving average is $427.19.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: Central banks resumed buying gold in April, purchasing a net 17 tonnes, with Poland and China among the biggest buyers, reinforcing long-term demand for bullion-backed funds like GLD. Article Title
• Positive Sentiment: Some analysts say gold’s technical backdrop is improving, with prices finding support around the $4,400 area and momentum indicators beginning to turn higher, which could help stabilize GLD. Article Title
• Neutral Sentiment: The European Central Bank highlighted gold as a key reserve asset, underscoring its role as a monetary safe haven and supporting the long-term investment case. Article Title
• Neutral Sentiment: Gold has been caught in a tight range, with some strategists saying the market is awaiting a breakout as volatility compresses near key moving averages. Article Title
• Negative Sentiment: Gold prices have weakened as traders price in a more hawkish Federal Reserve, with rising Treasury yields, a firmer dollar, and stronger U.S. labor and services data reducing demand for non-yielding assets like gold. Article Title
• Negative Sentiment: Renewed U.S.-Iran clashes and higher oil prices have pushed markets into a risk-off but also inflation-sensitive posture, lifting yields and pressuring gold and silver in the near term. Article Title
• Negative Sentiment: Several market updates say gold has broken below the $4,500 area and is testing support, signaling continued downside pressure on GLD in the short term. Article Title

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.