Mizuho Markets Cayman LP Purchases 7,323 Shares of SPDR Gold Shares $GLD

Mizuho Markets Cayman LP grew its position in SPDR Gold Shares (NYSEARCA:GLD) by 582.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,581 shares of the exchange traded fund’s stock after purchasing an additional 7,323 shares during the period. Mizuho Markets Cayman LP’s holdings in SPDR Gold Shares were worth $3,692,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aureus Asset Management LLC acquired a new position in shares of SPDR Gold Shares in the 1st quarter valued at $323,000. Petra Financial Advisors Inc. raised its stake in SPDR Gold Shares by 5.8% during the 1st quarter. Petra Financial Advisors Inc. now owns 24,344 shares of the exchange traded fund’s stock worth $10,475,000 after buying an additional 1,332 shares during the period. CI Investments Inc. raised its stake in SPDR Gold Shares by 96.7% during the 1st quarter. CI Investments Inc. now owns 282,364 shares of the exchange traded fund’s stock worth $121,498,000 after buying an additional 138,846 shares during the period. Insight Advisors LLC PA lifted its holdings in SPDR Gold Shares by 1.4% during the first quarter. Insight Advisors LLC PA now owns 10,015 shares of the exchange traded fund’s stock worth $4,309,000 after acquiring an additional 136 shares in the last quarter. Finally, Fortis Capital Management LLC lifted its holdings in SPDR Gold Shares by 2.9% during the first quarter. Fortis Capital Management LLC now owns 36,758 shares of the exchange traded fund’s stock worth $15,817,000 after acquiring an additional 1,035 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 1.1%

NYSEARCA:GLD opened at $379.12 on Thursday. SPDR Gold Shares has a 1 year low of $300.95 and a 1 year high of $509.70. The stock has a market cap of $133.07 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. The stock has a 50-day moving average price of $390.21 and a two-hundred day moving average price of $424.38.

Key Stories Impacting SPDR Gold Shares

Here are the key news stories impacting SPDR Gold Shares this week:

• Positive Sentiment: Gold climbed to a two-week high as a softer dollar helped lift bullion, giving GLD a direct tailwind as the ETF tracks spot gold prices. Update: Gold Rises to Two-Week High as Weaker Dollar Boosts Prices
• Positive Sentiment: Gold rallied above $4,120 and approached $4,160 as technical buying and defensive demand outweighed higher Treasury yields and firmer crude oil, signaling improving near-term momentum for bullion-backed funds like GLD. Gold rallies as buyers test $4,160, oil lifts yields – Kitco PM Report
• Positive Sentiment: Several analysts said gold has broken key technical resistance and could have more upside if it clears the next resistance zone near $4,203, reinforcing bullish sentiment around GLD. Gold (XAU/USD) Price Forecast: Breakout Opens the Door to Higher Targets
• Positive Sentiment: Investor commentary from John Paulson and others highlighted a long-term bull case for gold, with central bank buying and broader private demand seen as structural support for bullion prices. John Paulson says we are in the early stages of a long-term bull market for gold
• Neutral Sentiment: Some reports noted that geopolitical tensions, rising rates, and higher yields are still conflicting forces, so GLD’s near-term path may depend on whether safe-haven buying continues to outweigh macro headwinds. Rising economic fears weakening inflation’s stranglehold on gold prices – CRU

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.