Retirement Planning Group LLC Boosts Stock Position in SPDR Gold Shares $GLD

Retirement Planning Group LLC increased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 10.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,788 shares of the exchange traded fund’s stock after purchasing an additional 1,903 shares during the period. Retirement Planning Group LLC’s holdings in SPDR Gold Shares were worth $8,945,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Calder Financial LLC bought a new stake in SPDR Gold Shares in the fourth quarter worth about $807,000. Crescent Grove Advisors LLC boosted its position in shares of SPDR Gold Shares by 25.3% during the fourth quarter. Crescent Grove Advisors LLC now owns 15,719 shares of the exchange traded fund’s stock valued at $6,230,000 after buying an additional 3,175 shares during the period. Ervin Investment Management LLC bought a new position in shares of SPDR Gold Shares during the fourth quarter valued at approximately $7,178,000. Cidel Asset Management Inc. grew its stake in shares of SPDR Gold Shares by 69.8% during the first quarter. Cidel Asset Management Inc. now owns 3,368 shares of the exchange traded fund’s stock valued at $1,449,000 after buying an additional 1,384 shares during the last quarter. Finally, Cinctive Capital Management LP raised its holdings in shares of SPDR Gold Shares by 157.9% in the third quarter. Cinctive Capital Management LP now owns 9,795 shares of the exchange traded fund’s stock worth $3,482,000 after buying an additional 5,997 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $367.13 on Tuesday. SPDR Gold Shares has a fifty-two week low of $300.95 and a fifty-two week high of $509.70. The company has a market cap of $128.90 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. The business’s 50 day moving average price is $398.48 and its 200-day moving average price is $426.01.

SPDR Gold Shares News Roundup

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

• Neutral Sentiment: Gold’s near-term direction is being driven by a key macro week featuring U.S. CPI, Fed-related commentary, and geopolitical risks around the Strait of Hormuz, all of which could shift rate expectations and demand for safe-haven assets. Gold News: Gold Price Hinges on CPI, Warsh and Hormuz Risks
• Neutral Sentiment: Some analysts argue gold’s longer-term case remains intact even if the U.S. dollar stays strong in the short run, framing recent weakness as a temporary pullback rather than a breakdown in the metal’s reserve-asset appeal. Gold is becoming the reserve asset of the new multipolar world – Sprott’s Paul Wong
• Negative Sentiment: Gold slid to a monthly low as renewed fighting in the U.S.-Iran conflict and rising oil prices increased inflation concerns and supported expectations for tighter-for-longer Fed policy, which tends to weigh on non-yielding gold and GLD. Update: Gold Falls to Monthly Low as Renewed US-Iran Fighting Fuels Inflation Concerns
• Negative Sentiment: Precious metals are weak as traders bet on a hawkish Fed, with gold testing the $4,000 level while oil-driven inflation fears and a stronger dollar continue to pressure prices. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests The $4000 Level

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.