CCG Wealth Management LLC Increases Stock Position in SPDR Gold Shares $GLD

CCG Wealth Management LLC raised its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 77.9% in the 3rd quarter, Holdings Channel reports. The firm owned 6,850 shares of the exchange traded fund’s stock after acquiring an additional 3,000 shares during the period. SPDR Gold Shares makes up 1.1% of CCG Wealth Management LLC’s investment portfolio, making the stock its 17th largest holding. CCG Wealth Management LLC’s holdings in SPDR Gold Shares were worth $2,435,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in GLD. Northstar Advisory Group LLC bought a new position in SPDR Gold Shares during the third quarter valued at approximately $3,554,000. Paragon Private Wealth Management LLC raised its holdings in shares of SPDR Gold Shares by 7.6% during the 3rd quarter. Paragon Private Wealth Management LLC now owns 3,966 shares of the exchange traded fund’s stock worth $1,410,000 after acquiring an additional 279 shares in the last quarter. Saxon Interests Inc. boosted its position in shares of SPDR Gold Shares by 8.0% during the 3rd quarter. Saxon Interests Inc. now owns 1,811 shares of the exchange traded fund’s stock valued at $644,000 after acquiring an additional 134 shares during the last quarter. Bensler LLC grew its holdings in shares of SPDR Gold Shares by 4.2% in the third quarter. Bensler LLC now owns 2,777 shares of the exchange traded fund’s stock valued at $987,000 after purchasing an additional 111 shares in the last quarter. Finally, Flagship Private Wealth LLC grew its holdings in shares of SPDR Gold Shares by 0.4% in the third quarter. Flagship Private Wealth LLC now owns 10,006 shares of the exchange traded fund’s stock valued at $3,557,000 after purchasing an additional 43 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 1.5%

SPDR Gold Shares stock opened at $464.70 on Tuesday. SPDR Gold Shares has a 52-week low of $251.92 and a 52-week high of $469.28. The firm’s fifty day moving average is $403.77 and its 200 day moving average is $362.29. The company has a market cap of $175.42 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Bullion broke above the $5,000/oz milestone on renewed safe‑haven flows, pushing demand for physical‑linked products such as GLD. Read More.
• Positive Sentiment: Market commentary cites a weaker U.S. dollar and rising Fed‑cut expectations as technical and macro support for further upside in gold prices — a tailwind for GLD. Read More.
• Positive Sentiment: Large private holders and funds continue adding gold: Tether reported substantial gold purchases (≈27 metric tons in Q4), increasing institutional demand that benefits gold ETFs. Read More.
• Positive Sentiment: Analysts and some central‑bank activity point to more room to run — forecasts toward $6,000/oz have circulated, underpinning longer‑term bullish sentiment for GLD holders. Read More.
• Neutral Sentiment: Stronger gold prices are lifting miners and mining‑related equities; that helps resource industry sentiment but does not directly change GLD’s bullion exposure. Investors should distinguish GLD (physical bullion) from miner ETFs/stocks. Read More.
• Neutral Sentiment: Some economic datapoints (e.g., a rise in U.S. durable‑goods orders) have not stalled gold’s advance so far — mixed macro signals imply potential for continued volatility rather than a clear reversal. Read More.
• Negative Sentiment: Several commentators warn the rally looks parabolic and that a Fed meeting or a dollar rebound could trigger profit‑taking or a sharp pullback in gold — a downside risk for GLD in the near term. Read More.

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.