Hamilton Wealth LLC boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 171.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 134,685 shares of the exchange traded fund’s stock after buying an additional 84,991 shares during the period. SPDR Gold Shares makes up about 4.1% of Hamilton Wealth LLC’s portfolio, making the stock its 10th largest position. Hamilton Wealth LLC’s holdings in SPDR Gold Shares were worth $57,954,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. WPG Advisers LLC purchased a new stake in shares of SPDR Gold Shares in the fourth quarter worth approximately $25,000. Timmons Wealth Management LLC bought a new stake in SPDR Gold Shares during the fourth quarter worth $26,000. Eukles Asset Management purchased a new stake in SPDR Gold Shares in the 4th quarter valued at $27,000. Private Wealth Management Group LLC bought a new position in SPDR Gold Shares during the 1st quarter valued at $30,000. Finally, Parvin Asset Management LLC purchased a new position in SPDR Gold Shares during the 1st quarter worth $31,000. 42.19% of the stock is owned by institutional investors.
Key Headlines Impacting SPDR Gold Shares
Here are the key news stories impacting SPDR Gold Shares this week:
- Positive Sentiment: The Fed’s decision to hold rates steady sparked a relief rally in gold. A less aggressive policy outlook could support non-yielding assets such as gold and GLD, although Fed Chair Kevin Warsh’s guidance remains important. Gold price jumps as Federal Reserve leaves interest rates unchanged
- Positive Sentiment: Retail investors are returning to precious metals after the months-long selloff. The Royal Mint reported recovering bullion demand, particularly for digital silver, signaling that some investors are buying the dip. Retail investors buy the dip as Royal Mint reports solid demand
- Positive Sentiment: Gold is holding above the psychologically important $4,000-per-ounce level and has defended key technical support. A move above nearby resistance could confirm a bullish reversal and provide an additional catalyst for GLD. Gold price forecast: Breakout retest sets stage for next advance
- Positive Sentiment: Ongoing central-bank buying and ETF inflows continue to provide underlying support for gold despite recent weakness. ETF inflows support gold ahead of Fed week
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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