Journey Advisory Group LLC decreased its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 31.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,511 shares of the exchange traded fund’s stock after selling 7,480 shares during the period. Journey Advisory Group LLC’s holdings in SPDR Gold Shares were worth $7,105,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Prepared Retirement Institute LLC boosted its holdings in SPDR Gold Shares by 1.6% in the 4th quarter. Prepared Retirement Institute LLC now owns 1,328 shares of the exchange traded fund’s stock valued at $526,000 after purchasing an additional 21 shares during the period. Hughes Financial Services LLC raised its position in shares of SPDR Gold Shares by 3.4% during the fourth quarter. Hughes Financial Services LLC now owns 667 shares of the exchange traded fund’s stock valued at $264,000 after buying an additional 22 shares during the last quarter. True Vision MN LLC lifted its stake in shares of SPDR Gold Shares by 3.2% in the fourth quarter. True Vision MN LLC now owns 768 shares of the exchange traded fund’s stock valued at $304,000 after buying an additional 24 shares during the period. Burns J W & Co. Inc. NY lifted its stake in shares of SPDR Gold Shares by 0.7% in the fourth quarter. Burns J W & Co. Inc. NY now owns 3,500 shares of the exchange traded fund’s stock valued at $1,387,000 after buying an additional 25 shares during the period. Finally, PFS Partners LLC lifted its stake in shares of SPDR Gold Shares by 2.4% in the fourth quarter. PFS Partners LLC now owns 1,078 shares of the exchange traded fund’s stock valued at $427,000 after buying an additional 25 shares during the period. Institutional investors own 42.19% of the company’s stock.
Key SPDR Gold Shares News
Here are the key news stories impacting SPDR Gold Shares this week:
- Positive Sentiment: Gold prices are benefiting from cooler U.S. producer and consumer inflation readings, which have pulled Treasury yields and the dollar lower and improved the appeal of bullion. Gold edges higher, silver slips as oil keeps inflation risk alive – Kitco PM Report
- Positive Sentiment: Several market updates say gold is finding footing and holding above $4,000, with some strategists viewing the consolidation as constructive rather than a breakdown. Gold holds firm above $4,000 as investors look beyond inflation fears – Saxo’s Hansen
- Positive Sentiment: Geopolitical tension and policy uncertainty continue to support sovereign and safe-haven gold demand, especially as some analysts say central banks are still buying. Fed won’t hike but hold, Warsh may have started too hawkish, and U.S. policy is driving sovereign gold demand – Natixis’ Christopher Hodge
- Neutral Sentiment: Technical commentary suggests gold is still below major resistance, but weakening downside momentum and a possible double-bottom pattern could point to a rebound if buyers regain control. Gold (XAU/USD) Price Forecast: Can Gold Break Out Above Key Resistance?
- Neutral Sentiment: One article argued investors should prefer bullion over gold miners for lower volatility, which reinforces the case for GLD as a relatively stable way to play the commodity. SPDR Gold Shares vs Sprott Gold Miners ETF. Should Investors Go For Bullion or Mining Stocks to Play the Comnmodity Boom?
- Negative Sentiment: Gold has struggled at resistance near $4,100 and some reports note occasional pullbacks or flat trading when yields rise, which could limit upside in the near term. Gold Flat Amid Rising Oil Prices
SPDR Gold Shares Stock Up 0.1%
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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