Resolute Wealth Strategies LLC increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 9.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,645 shares of the exchange traded fund’s stock after acquiring an additional 1,478 shares during the period. SPDR Gold Shares comprises 2.9% of Resolute Wealth Strategies LLC’s holdings, making the stock its 10th largest holding. Resolute Wealth Strategies LLC’s holdings in SPDR Gold Shares were worth $6,597,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in GLD. WPG Advisers LLC acquired a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $25,000. Chapman Financial Group LLC acquired a new stake in SPDR Gold Shares in the second quarter valued at approximately $26,000. Hopwood Financial Services Inc. acquired a new stake in SPDR Gold Shares in the third quarter valued at approximately $27,000. Vestwell Advisors LLC acquired a new stake in SPDR Gold Shares in the third quarter valued at approximately $27,000. Finally, USA Financial Formulas acquired a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Price Performance
Shares of SPDR Gold Shares stock opened at $416.99 on Friday. SPDR Gold Shares has a fifty-two week low of $299.89 and a fifty-two week high of $509.70. The firm has a market capitalization of $151.66 billion, a P/E ratio of -32.43 and a beta of 0.15. The company’s 50 day moving average price is $431.02 and its two-hundred day moving average price is $424.71.
Trending Headlines about SPDR Gold Shares
- Positive Sentiment: Gold found some support from softer oil prices, easing Treasury yields at times, and weaker-than-expected U.S. manufacturing data, all of which can help lift demand for non-yielding assets like gold. Gold steadies, silver rises as as Hormuz risk premium fades – Kitco PM Report
- Positive Sentiment: Several reports said gold is consolidating in a tight range with momentum building, suggesting traders are watching for a breakout that could renew the broader uptrend. Gold (XAU/USD) Price Forecast: Momentum Builds Inside Tightening Range
- Positive Sentiment: Some analysts remained bullish longer term, arguing gold is still in a structural bull market and could revisit much higher levels if central banks stay on hold and fund flows remain strong. Gold’s rally will resume after Iran war, with price reaching $5,400/oz by H1 2027 – Lombard Odier
- Neutral Sentiment: There were also reports of a short-term consolidation phase in gold after its earlier surge, with some strategists saying the metal is still acting like a core monetary asset but is no longer in a clean breakout mode. Gold’s ‘golden decade’ enters next phase with new $8,900 target – In Gold We Trust Report
- Negative Sentiment: Gold faced repeated pressure as U.S. yields climbed, the dollar firmed, and traders reduced safe-haven buying after the ceasefire and easing geopolitical risk lowered the urgency to own bullion. Gold Trading Lower as USD and Yields Climb While Iran Considers a Fresh U.S. Peace Offer
- Negative Sentiment: Technical commentary also highlighted downside risk after gold broke below key levels such as $4,500, with some analysts warning that a failure to reclaim support could trigger a deeper pullback. Gold price faces downside risk on break of 200-DMA and $4,350 critical support – Societe Generale
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.
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