Richmond Investment Services LLC Acquires 3,598 Shares of SPDR Gold Shares $GLD

Richmond Investment Services LLC boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 136.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,230 shares of the exchange traded fund’s stock after acquiring an additional 3,598 shares during the quarter. Richmond Investment Services LLC’s holdings in SPDR Gold Shares were worth $2,681,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GLD. Brighton Jones LLC grew its stake 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 worth $2,723,000 after purchasing an additional 1,903 shares during the last quarter. Bison Wealth LLC raised its position in SPDR Gold Shares by 77.8% during the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after purchasing an additional 2,600 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in SPDR Gold Shares during the 1st quarter worth about $16,014,000. Schnieders Capital Management LLC. lifted its holdings in SPDR Gold Shares by 4.8% during the 2nd 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. bought a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at about $337,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 1.2%

Shares of GLD stock opened at $377.49 on Wednesday. The stock has a market cap of $132.39 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. The stock has a 50-day moving average of $402.40 and a 200-day moving average of $426.88. SPDR Gold Shares has a 1-year low of $300.95 and a 1-year high of $509.70.

Trending Headlines about SPDR Gold Shares

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

• Positive Sentiment: Weak June jobs data and softer inflation worries are boosting expectations that the Fed may stay on hold longer, which supports gold and gold ETFs like GLD. Weak June Jobs Data Likely to Boost These ETF Areas
• Positive Sentiment: Central banks, especially China’s central bank, are still buying gold on dips, reinforcing the long-term demand backdrop for GLD. China’s central bank buys the dip, increasing gold reserves 15 tonnes in June
• Positive Sentiment: Several analysts remain constructive, saying the recent correction may have reset the market without ending gold’s broader bull trend, with some still targeting materially higher prices ahead. Gold price may have found its floor as liquidation gives way to consolidation – Saxo Bank
• Positive Sentiment: Gold has also attracted renewed attention as a defensive asset, with commentary highlighting GLD’s strong 12-month performance and the case for more safe-haven demand. Gold Price Forecast: Why the Next Major Move Could Target $7,000+
• Neutral Sentiment: Near-term price action remains choppy: gold is trying to recover, but higher yields, a stronger dollar, and technical resistance around key moving averages could limit upside in the short run. Gold (XAU/USD) Price Forecast: Recovery Attempt Tests Major Trend Barriers
• Neutral Sentiment: Gold-related ETF commentary also shows a mixed setup, with gold viewed as stable versus silver’s stronger momentum, suggesting investors are still rotating within precious metals rather than making a decisive new bet. GLD vs SLV: Gold Stability Versus Silver Momentum
• Negative Sentiment: Gold has also faced selling pressure at times from rising Treasury yields and Fed-related caution, which can weigh on GLD in the near term. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Lower As Treasury Yields Rise

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.