Summit Wealth Partners LLC grew its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 131.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,148 shares of the exchange traded fund’s stock after buying an additional 5,765 shares during the quarter. Summit Wealth Partners LLC’s holdings in SPDR Gold Shares were worth $4,367,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Webster Bank N. A. lifted its position in shares of SPDR Gold Shares by 4.3% during the 1st quarter. Webster Bank N. A. now owns 1,570 shares of the exchange traded fund’s stock valued at $676,000 after buying an additional 65 shares in the last quarter. Clear Trail Advisors LLC purchased a new stake in SPDR Gold Shares in the 1st quarter worth approximately $206,000. IFC & Insurance Marketing Inc. increased its holdings in SPDR Gold Shares by 11.1% in the 1st quarter. IFC & Insurance Marketing Inc. now owns 1,665 shares of the exchange traded fund’s stock worth $716,000 after acquiring an additional 167 shares in the last quarter. Financial Management Network Inc. increased its holdings in SPDR Gold Shares by 2.3% in the 1st quarter. Financial Management Network Inc. now owns 7,003 shares of the exchange traded fund’s stock worth $3,067,000 after acquiring an additional 157 shares in the last quarter. Finally, James J. Burns & Company LLC raised its stake in SPDR Gold Shares by 39.2% during the 1st quarter. James J. Burns & Company LLC now owns 1,740 shares of the exchange traded fund’s stock worth $749,000 after acquiring an additional 490 shares during the period. Institutional investors own 42.19% of the company’s stock.
More SPDR Gold Shares News
Here are the key news stories impacting SPDR Gold Shares this week:
- Positive Sentiment: Gold rebounded above the $4,200 level as traders balanced lower oil prices, easing energy-related risks, and renewed buying interest after the recent pullback. Gold rebounds above $4,200 as markets weigh Fed hike risk, Iran progress – Kitco AM Report
- Positive Sentiment: Several commentators framed the recent drop in gold as a buying opportunity, with Peter Schiff saying the selloff could be an entry point rather than a reason to exit. Gold Just Dropped $68. Peter Schiff Says That’s Your Buy Signal.
- Neutral Sentiment: Gold remains highly sensitive to geopolitics and monetary policy, with recent reports noting that prices can swing on changes in Iran-related tensions and Fed expectations. Gold Rises; Direction Seen Led by Geopolitics, Monetary Policy
- Neutral Sentiment: Gold attempted to rebound despite rising Treasury yields, but the move suggests traders are still debating whether the recent pullback is temporary or the start of a deeper correction. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Attempts To Rebound Despite Rising Treasury Yields
- Negative Sentiment: The dollar’s breakout and firm Treasury yields are keeping gold under pressure, which is a headwind for GLD because bullion prices often move inversely to real rates and the U.S. currency. Gold and Silver Price Forecast: Dollar Breakout Keeps Metals Under Pressure
- Negative Sentiment: Morgan Stanley warned gold may struggle to reach its bullish 2026 target without a strong rebound in ETF inflows, while Bank of America said higher Fed tightening bias is making the outlook more difficult in the near term. Gold price will struggle to reach $5,200/oz in 2026 without strong ETF inflows – Morgan Stanley Bank of America says gold can still hit $6,000, just not anytime soon
SPDR Gold Shares Trading Down 0.7%
About SPDR Gold Shares
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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