Retirement Planning Group LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 10.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,788 shares of the exchange traded fund’s stock after buying an additional 1,903 shares during the quarter. Retirement Planning Group LLC’s holdings in SPDR Gold Shares were worth $8,945,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Morgan Stanley increased its position in shares of SPDR Gold Shares by 22.4% during the fourth 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 raised its stake 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 valued at $1,565,118,000 after acquiring an additional 3,360,966 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of SPDR Gold Shares by 3.4% in the third quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock valued at $554,139,000 after purchasing an additional 50,756 shares during the period. Virtu Financial LLC purchased a new stake in shares of SPDR Gold Shares in the fourth quarter valued at approximately $474,952,000. Finally, Marino Management LLC bought a new position in SPDR Gold Shares in the fourth quarter worth approximately $438,475,000. 42.19% of the stock is owned by hedge funds and other institutional investors.
SPDR Gold Shares Stock Down 2.6%
GLD opened at $367.13 on Tuesday. The stock’s fifty day moving average is $398.48 and its two-hundred day moving average is $426.01. The company has a market capitalization of $128.90 billion, a P/E ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a 52 week low of $300.95 and a 52 week high of $509.70.
Key Stories Impacting SPDR Gold Shares
- Neutral Sentiment: Gold’s near-term direction is being driven by a key macro week featuring U.S. CPI, Fed-related commentary, and geopolitical risks around the Strait of Hormuz, all of which could shift rate expectations and demand for safe-haven assets. Gold News: Gold Price Hinges on CPI, Warsh and Hormuz Risks
- Neutral Sentiment: Some analysts argue gold’s longer-term case remains intact even if the U.S. dollar stays strong in the short run, framing recent weakness as a temporary pullback rather than a breakdown in the metal’s reserve-asset appeal. Gold is becoming the reserve asset of the new multipolar world – Sprott’s Paul Wong
- Negative Sentiment: Gold slid to a monthly low as renewed fighting in the U.S.-Iran conflict and rising oil prices increased inflation concerns and supported expectations for tighter-for-longer Fed policy, which tends to weigh on non-yielding gold and GLD. Update: Gold Falls to Monthly Low as Renewed US-Iran Fighting Fuels Inflation Concerns
- Negative Sentiment: Precious metals are weak as traders bet on a hawkish Fed, with gold testing the $4,000 level while oil-driven inflation fears and a stronger dollar continue to pressure prices. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests The $4000 Level
SPDR Gold Shares Company 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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