Sicart Associates LLC trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 6.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 84,144 shares of the exchange traded fund’s stock after selling 5,531 shares during the quarter. SPDR Gold Shares comprises about 9.3% of Sicart Associates LLC’s investment portfolio, making the stock its 2nd largest holding. Sicart Associates LLC’s holdings in SPDR Gold Shares were worth $36,206,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its stake in shares of SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after acquiring an additional 1,903 shares in the last quarter. Bison Wealth LLC lifted its position in SPDR Gold Shares by 77.8% during the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after acquiring an additional 2,600 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in SPDR Gold Shares in the first quarter valued at approximately $16,014,000. Schnieders Capital Management LLC. boosted its stake in SPDR Gold Shares by 4.8% in the second quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock valued at $1,829,000 after acquiring an additional 275 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new stake in SPDR Gold Shares in the second quarter valued at approximately $337,000. 42.19% of the stock is currently owned by institutional investors.
Key SPDR Gold Shares News
Here are the key news stories impacting SPDR Gold Shares this week:
- Positive Sentiment: Gold gained ground as the U.S. dollar pulled back from recent highs and Treasury yields eased, helping precious metals recover from pressure. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Dollar Moves Away From Yearly Highs
- Positive Sentiment: Gold found support around the key $4,000 level and bounced as traders bought the dip after recent weakness. Gold Price Analysis – Gold Attempting to Bounce from $4000 Region
- Positive Sentiment: Weaker inflation expectations and slightly better consumer sentiment supported a move higher in spot gold during Friday trading. Spot gold hits session high near 4080/oz after final Consumer Sentiment rises to 49.5, one-year and long-term inflation expectations ease
- Neutral Sentiment: Some analysts still see gold’s longer-term structure as constructive, supported by central bank buying and continued industrial demand in related metals. Gold (XAUUSD) & Silver Price Forecast: Gold Retests $4,010 as Silver Breaks $56.50 Amid Ceasefire — Bearish Turn?
- Negative Sentiment: Multiple market reports warned that gold remains under pressure from a strong dollar, hawkish Fed expectations, and resilient U.S. data, with some analysts calling for deeper downside. Gold (XAU/USD) Price Forecast: Trendline Break Signals Bearish Extension
- Negative Sentiment: Other commentary suggested gold could still fall further, with prices struggling below $4,000 and bearish outlooks pointing to continued downside if support fails. Gold Declines; Prices Could Have Further to Fall
SPDR Gold Shares Trading Up 1.1%
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.
See Also
- Five stocks we like better than SPDR Gold Shares
- Rocket Lab’s NASA Win Tests Key Support After Sharp Pullback
- AST SpaceMobile Just Nailed a Major Launch—So Why Is the Stock Crashing?
- Palantir’s Valuation Problem Just Met 2 New Growth Catalysts
- Xcel Energy Stock Offers Stability as Electricity Demand Builds
Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.
