Chicago Wealth Management Inc. Makes New Investment in SPDR Gold Shares $GLD

Chicago Wealth Management Inc. acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, Holdings Channel.com reports. The fund acquired 4,703 shares of the exchange traded fund’s stock, valued at approximately $1,864,000. SPDR Gold Shares accounts for approximately 0.7% of Chicago Wealth Management Inc.’s investment portfolio, making the stock its 23rd biggest position.

Several other institutional investors also recently modified their holdings of GLD. Morgan Stanley grew its holdings in shares of SPDR Gold Shares by 22.4% during the 4th quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock worth $5,506,229,000 after purchasing an additional 2,539,266 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter worth approximately $556,282,000. Marino Management LLC acquired a new stake in shares of SPDR Gold Shares during the 4th quarter worth approximately $438,475,000. Corient Private Wealth LLC grew its holdings in shares of SPDR Gold Shares by 108.1% during the 2nd quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock worth $327,500,000 after purchasing an additional 559,507 shares in the last quarter. Finally, Axxcess Wealth Management LLC grew its holdings in shares of SPDR Gold Shares by 1,158.4% during the 4th quarter. Axxcess Wealth Management LLC now owns 504,462 shares of the exchange traded fund’s stock worth $199,923,000 after purchasing an additional 464,376 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: Wells Fargo said gold still has room to run, calling current prices an attractive entry point as inflation risks and fiscal deficits support the long-term case for the metal. Gold’s bull market has room to run as inflation risks, fiscal deficits support prices – Wells Fargo
• Positive Sentiment: A World Gold Council survey showed record expectations for central banks to increase gold holdings, reinforcing demand from the official sector. Record 45% of central banks plan to increase gold holdings, WGC survey finds
• Positive Sentiment: Several reports highlighted gold’s safe-haven appeal as geopolitical tensions, inflation worries, and softer Treasury yields continue to support demand. Central banks are bringing gold reserves home as geopolitical risks rise
• Neutral Sentiment: Some technical analysts said gold remains in a choppy consolidation phase, with traders waiting for clearer signals from rates, inflation, and the Fed before the next major move. Gold (XAU/USD) Price Forecast: Downtrend Holds as Resistance Strengthens
• Negative Sentiment: Gold retreated after the Fed’s policy statement and hawkish projections, with markets reacting to the possibility of tighter policy later this year, which is a headwind for GLD. Gold drops below $4,300/oz as Fed votes 12-0 in favor of rate hold, but nearly half of policymakers see a rate hike in 2026
• Negative Sentiment: Strong U.S. retail sales and a firmer dollar also weighed on gold intraday, adding to the downside pressure on the ETF. Update: Gold Edges Down As Dollar Steadies On Strong U.S. Retail Sales Report Ahead Of Fed’s Rate Decision

SPDR Gold Shares Trading Down 2.3%

Shares of NYSEARCA:GLD opened at $388.60 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 capitalization of $141.33 billion, a PE ratio of -32.43 and a beta of 0.14. The business’s 50 day moving average is $419.42 and its 200-day moving average is $428.27.

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.