Impact Partnership Wealth LLC increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 39.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 53,850 shares of the exchange traded fund’s stock after acquiring an additional 15,207 shares during the period. SPDR Gold Shares makes up about 2.9% of Impact Partnership Wealth LLC’s portfolio, making the stock its 10th largest holding. Impact Partnership Wealth LLC’s holdings in SPDR Gold Shares were worth $23,171,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of GLD. Calder Financial LLC purchased a new position in SPDR Gold Shares in the 4th quarter valued at about $807,000. Crescent Grove Advisors LLC increased its stake in SPDR Gold Shares by 25.3% during the 4th quarter. Crescent Grove Advisors LLC now owns 15,719 shares of the exchange traded fund’s stock worth $6,230,000 after buying an additional 3,175 shares in the last quarter. Cidel Asset Management Inc. increased its stake in SPDR Gold Shares by 69.8% during the 1st quarter. Cidel Asset Management Inc. now owns 3,368 shares of the exchange traded fund’s stock worth $1,449,000 after buying an additional 1,384 shares in the last quarter. Ervin Investment Management LLC acquired a new position in shares of SPDR Gold Shares during the fourth quarter valued at approximately $7,178,000. Finally, NerdWallet Wealth Partners LLC acquired a new position in shares of SPDR Gold Shares during the third quarter valued at approximately $1,033,000. 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:
- Positive Sentiment: Some analysts say gold may be forming a short-term bottom, with technical support holding near the $4,000 area and a bullish rebound setup emerging. Gold (XAU/USD) Price Forecast: Bullish Hammer Signals Potential Bottom
- Positive Sentiment: Several reports say central banks and sovereign buyers remain committed to gold, with Goldman Sachs and OMFIF both pointing to strong official-sector demand as a longer-term support for prices. Central banks see gold prices trading between $5,000 and $6,000 in 12 months – OMFIF Survey
- Neutral Sentiment: Some commentary frames the recent decline as a buying opportunity rather than a broken trend, suggesting the pullback may be more of a reset than a fundamental shift. Gold’s correction is a buying opportunity as governments won’t tolerate economic pain – Waratah Capital’s Dunkley
- Negative Sentiment: Near-term gold prices are being pressured by rising Treasury yields, a firmer dollar, and expectations that the Fed could keep rates elevated, which hurts non-yielding gold. Silver firms while gold fades as Fed risk caps rebound – Kitco PM Report
- Negative Sentiment: Other analysts warn the correction may continue if real yields keep improving, and some see gold struggling to sustain its recent rally. Fed turned a ‘pause in the structural bullish gold story’ into ‘a deeper freeze’ – J.P. Morgan’s Shearer
SPDR Gold Shares Price Performance
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.
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