Wealthfront Advisers LLC Decreases Position in SPDR Gold Shares $GLD

Wealthfront Advisers LLC lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 2.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 125,903 shares of the exchange traded fund’s stock after selling 3,736 shares during the quarter. Wealthfront Advisers LLC’s holdings in SPDR Gold Shares were worth $54,175,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Morgan Stanley boosted its holdings in SPDR Gold Shares by 22.4% in the 4th quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock worth $5,506,229,000 after acquiring an additional 2,539,266 shares during the period. Corient Private Wealth LLC lifted its position in shares of SPDR Gold Shares by 571.3% during the fourth quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock worth $1,565,118,000 after purchasing an additional 3,360,966 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter valued at $474,952,000. Marino Management LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter valued at $438,475,000. Finally, Rockefeller Capital Management L.P. grew its holdings in SPDR Gold Shares by 13.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 938,260 shares of the exchange traded fund’s stock valued at $371,842,000 after purchasing an additional 109,205 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $372.35 on Thursday. SPDR Gold Shares has a 1 year low of $300.95 and a 1 year high of $509.70. The stock’s 50-day simple moving average is $396.38 and its 200-day simple moving average is $425.45. The firm has a market cap of $130.77 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Gold prices are benefiting from cooler U.S. producer and consumer inflation readings, which have pulled Treasury yields and the dollar lower and improved the appeal of bullion. Gold edges higher, silver slips as oil keeps inflation risk alive – Kitco PM Report
• Positive Sentiment: Several market updates say gold is finding footing and holding above $4,000, with some strategists viewing the consolidation as constructive rather than a breakdown. Gold holds firm above $4,000 as investors look beyond inflation fears – Saxo’s Hansen
• Positive Sentiment: Geopolitical tension and policy uncertainty continue to support sovereign and safe-haven gold demand, especially as some analysts say central banks are still buying. Fed won’t hike but hold, Warsh may have started too hawkish, and U.S. policy is driving sovereign gold demand – Natixis’ Christopher Hodge
• Neutral Sentiment: Technical commentary suggests gold is still below major resistance, but weakening downside momentum and a possible double-bottom pattern could point to a rebound if buyers regain control. Gold (XAU/USD) Price Forecast: Can Gold Break Out Above Key Resistance?
• Neutral Sentiment: One article argued investors should prefer bullion over gold miners for lower volatility, which reinforces the case for GLD as a relatively stable way to play the commodity. SPDR Gold Shares vs Sprott Gold Miners ETF. Should Investors Go For Bullion or Mining Stocks to Play the Comnmodity Boom?
• Negative Sentiment: Gold has struggled at resistance near $4,100 and some reports note occasional pullbacks or flat trading when yields rise, which could limit upside in the near term. Gold Flat Amid Rising Oil Prices

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.