Gerald Baker Financial Group LLC Acquires New Holdings in SPDR Gold Shares $GLD

Gerald Baker Financial Group LLC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,413 shares of the exchange traded fund’s stock, valued at approximately $1,469,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Corient Private Wealth LLC increased its stake in shares of SPDR Gold Shares by 571.3% during the 4th 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. Morgan Stanley lifted its stake 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 valued at $5,506,229,000 after buying an additional 2,539,266 shares in the last quarter. Virtu Financial LLC purchased a new stake in SPDR Gold Shares in the 4th quarter valued at approximately $474,952,000. Marino Management LLC purchased a new stake in SPDR Gold Shares in the 4th quarter valued at approximately $438,475,000. Finally, Diamant Asset Management Inc. grew its holdings in SPDR Gold Shares by 42,929.0% during the 1st quarter. Diamant Asset Management Inc. now owns 697,070 shares of the exchange traded fund’s stock valued at $299,942,000 after buying an additional 695,450 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares News Summary

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

• Negative Sentiment: U.S. retail sales, jobless claims, and regional manufacturing data all came in stronger than expected, supporting the dollar and yields while weighing on gold. Update: Gold Trades Lower, Dollar and Yields Rise as US Retail Sales Growth Eased in June
• Negative Sentiment: Spot gold slipped below key psychological support near $4,000 as traders reacted to firmer yields and a stronger dollar, suggesting more near-term downside for bullion. Gold and silver fall as Fed-rate relief fades after data – Kitco AM Report
• Negative Sentiment: Multiple market reports flagged technical weakness, with gold breaking down from resistance and traders watching for deeper support levels if selling continues. Gold (XAU/USD) Price Forecast: Will Gold Break Below Major Support Levels?
• Negative Sentiment: GLD-specific flow data also looks unfavorable, with reports of roughly $14 billion to $15 billion in investor outflows since March, raising concerns about demand for the ETF itself. SPDR Gold Shares ETF sees $14B outflows since March 1 amid cost concerns

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $364.96 on Friday. The stock has a fifty day moving average of $395.05 and a two-hundred day moving average of $425.09. The company has a market capitalization of $128.17 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a fifty-two week low of $300.95 and a fifty-two week high of $509.70.

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.