Impact Partnership Wealth LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 39.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 53,850 shares of the exchange traded fund’s stock after purchasing an additional 15,207 shares during the period. SPDR Gold Shares makes up approximately 2.9% of Impact Partnership Wealth LLC’s portfolio, making the stock its 10th biggest holding. Impact Partnership Wealth LLC’s holdings in SPDR Gold Shares were worth $23,171,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Prepared Retirement Institute LLC boosted its stake in shares of SPDR Gold Shares by 1.6% in the fourth quarter. Prepared Retirement Institute LLC now owns 1,328 shares of the exchange traded fund’s stock worth $526,000 after buying an additional 21 shares during the last quarter. Hughes Financial Services LLC raised its position in SPDR Gold Shares by 3.4% during the fourth quarter. Hughes Financial Services LLC now owns 667 shares of the exchange traded fund’s stock valued at $264,000 after acquiring an additional 22 shares in the last quarter. True Vision MN LLC lifted its holdings in SPDR Gold Shares by 3.2% in the fourth quarter. True Vision MN LLC now owns 768 shares of the exchange traded fund’s stock valued at $304,000 after acquiring an additional 24 shares during the period. Burns J W & Co. Inc. NY lifted its holdings in SPDR Gold Shares by 0.7% in the fourth quarter. Burns J W & Co. Inc. NY now owns 3,500 shares of the exchange traded fund’s stock valued at $1,387,000 after acquiring an additional 25 shares during the period. Finally, PFS Partners LLC boosted its position in SPDR Gold Shares by 2.4% in the 4th quarter. PFS Partners LLC now owns 1,078 shares of the exchange traded fund’s stock worth $427,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Price Performance
Shares of NYSEARCA GLD opened at $368.38 on Wednesday. The stock has a market capitalization of $133.98 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14. SPDR Gold Shares has a 12 month low of $300.95 and a 12 month high of $509.70. The firm’s 50 day simple moving average is $408.09 and its 200-day simple moving average is $427.53.
Key Headlines Impacting SPDR Gold Shares
- Positive Sentiment: Some analysts say gold may be forming a short-term bottom, with technical support holding near the $4,000 area and a bullish rebound setup emerging. Gold (XAU/USD) Price Forecast: Bullish Hammer Signals Potential Bottom
- Positive Sentiment: Several reports say central banks and sovereign buyers remain committed to gold, with Goldman Sachs and OMFIF both pointing to strong official-sector demand as a longer-term support for prices. Central banks see gold prices trading between $5,000 and $6,000 in 12 months – OMFIF Survey
- Neutral Sentiment: Some commentary frames the recent decline as a buying opportunity rather than a broken trend, suggesting the pullback may be more of a reset than a fundamental shift. Gold’s correction is a buying opportunity as governments won’t tolerate economic pain – Waratah Capital’s Dunkley
- Negative Sentiment: Near-term gold prices are being pressured by rising Treasury yields, a firmer dollar, and expectations that the Fed could keep rates elevated, which hurts non-yielding gold. Silver firms while gold fades as Fed risk caps rebound – Kitco PM Report
- Negative Sentiment: Other analysts warn the correction may continue if real yields keep improving, and some see gold struggling to sustain its recent rally. Fed turned a ‘pause in the structural bullish gold story’ into ‘a deeper freeze’ – J.P. Morgan’s Shearer
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.
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