GC Wealth Management RIA LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 24.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,130 shares of the exchange traded fund’s stock after selling 15,327 shares during the period. SPDR Gold Shares comprises approximately 0.8% of GC Wealth Management RIA LLC’s portfolio, making the stock its 19th largest position. GC Wealth Management RIA LLC’s holdings in SPDR Gold Shares were worth $19,849,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of GLD. Calder Financial LLC purchased a new stake in shares of SPDR Gold Shares in the fourth quarter worth approximately $807,000. Crescent Grove Advisors LLC boosted its holdings in SPDR Gold Shares by 25.3% during the 4th quarter. Crescent Grove Advisors LLC now owns 15,719 shares of the exchange traded fund’s stock valued at $6,230,000 after acquiring an additional 3,175 shares during the period. Arcus Capital Partners LLC boosted its holdings in SPDR Gold Shares by 90.3% during the 1st quarter. Arcus Capital Partners LLC now owns 8,442 shares of the exchange traded fund’s stock valued at $3,633,000 after acquiring an additional 4,005 shares during the period. Cidel Asset Management Inc. grew its position in SPDR Gold Shares by 69.8% in the 1st quarter. Cidel Asset Management Inc. now owns 3,368 shares of the exchange traded fund’s stock valued at $1,449,000 after acquiring an additional 1,384 shares during the last quarter. Finally, Ervin Investment Management LLC bought a new position in SPDR Gold Shares in the 4th quarter valued at $7,178,000. 42.19% of the stock is owned by institutional investors.
SPDR Gold Shares Stock Down 2.0%
GLD stock opened at $371.52 on Friday. SPDR Gold Shares has a twelve month low of $300.95 and a twelve month high of $509.70. The firm has a market cap of $130.92 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. The business’s fifty day simple moving average is $389.10 and its two-hundred day simple moving average is $424.19.
Trending Headlines about SPDR Gold Shares
- Positive Sentiment: Several market watchers say the long-term bull case for gold remains intact, with John Paulson arguing the rally is still in its early stages and retail investors showing disciplined profit-taking rather than panic. Billionaire John Paulson says gold bull market still in early stages
- Positive Sentiment: Analysts and strategists continue to highlight support near the $4,000 level, with some saying gold’s recent pullback could be a buying opportunity if the broader bullish reversal holds. Gold (XAU/USD) Price Forecast: Can the Bullish Reversal Survive This Pullback?
- Neutral Sentiment: Gold remains in a consolidation phase between support near $4,000 and resistance around $4,200, with traders watching upcoming central bank decisions and macro data for the next directional move. Gold Price Analysis – Gold Trapped Between $4,000 Support and $4,200 Resistance
- Neutral Sentiment: Longer-term commentary remains constructive, with some experts saying persistent inflation, geopolitical risk, and central-bank buying still support bullion even after the recent correction. Gold’s long-term investment case is strong, and miners offer greatest upside – VanEck’s Casanova
- Negative Sentiment: Spot gold fell late Thursday as stronger-than-expected jobless claims data lifted yields and the dollar, adding to pressure from higher rates and a crude oil spike. Spot gold falls to session lows after U.S. weekly jobless claims drop to 187k
- Negative Sentiment: Morning and afternoon market reports said rising Treasury yields, a firmer U.S. dollar, and renewed crude oil strength were the main reasons gold and silver sold off on the day. Gold, silver drop as ECB pause, claims data lift yields – Kitco AM Report
- Negative Sentiment: Late-day trading saw spot gold down nearly 2% and silver down more sharply, underscoring broad weakness across precious metals as inflation and rate expectations shifted against bullion. Gold falls as oil spike, higher yields pressure metals – Kitco PM Report
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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