Innova Wealth Partners Has $6.51 Million Holdings in SPDR Gold Shares $GLD

Innova Wealth Partners lowered its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 32.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,419 shares of the exchange traded fund’s stock after selling 7,974 shares during the quarter. SPDR Gold Shares accounts for 3.3% of Innova Wealth Partners’ portfolio, making the stock its 4th biggest holding. Innova Wealth Partners’ holdings in SPDR Gold Shares were worth $6,507,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Laurel Wealth Advisors LLC raised its holdings in shares of SPDR Gold Shares by 31,232.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock valued at $890,837,000 after purchasing an additional 2,913,079 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of SPDR Gold Shares in the third quarter worth $556,282,000. Corient Private Wealth LLC increased its holdings in shares of SPDR Gold Shares by 108.1% in the second quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock valued at $327,500,000 after purchasing an additional 559,507 shares during the period. Quadrature Capital Ltd purchased a new position in SPDR Gold Shares during the 2nd quarter worth approximately $99,996,000. Finally, Flow Traders U.S. LLC increased its stake in shares of SPDR Gold Shares by 276.0% in the second quarter. Flow Traders U.S. LLC now owns 304,814 shares of the exchange traded fund’s stock worth $92,916,000 after acquiring an additional 223,744 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $413.38 on Friday. The firm’s fifty day moving average is $457.25 and its two-hundred day moving average is $403.20. The firm has a market cap of $157.13 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a one year low of $272.58 and a one year high of $509.70.

Trending Headlines about SPDR Gold Shares

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

• Positive Sentiment: Safe-haven support from geopolitical tensions has offered intermittent buying interest, helping limit today’s losses and producing short-lived rebounds. Gold (XAUUSD) & Silver Price Forecast
• Positive Sentiment: Technical bounce off a two‑month low produced intraday recoveries, suggesting some traders view the pullback as a buying opportunity. Gold Rises Off a Two-Month Low
• Positive Sentiment: Some analysts and commentators call the drop a buying opportunity amid longer‑term debt and geopolitical risks that structurally support gold’s safe-haven role. Gold’s pullback is a buying opportunity
• Neutral Sentiment: Industry infrastructure moves (World Gold Council tokenization plans and proposed U.S. legislation to diversify vaults) are longer‑term structural developments that may increase market access/liquidity but are unlikely to affect GLD’s price immediately. World Gold Council building shared infrastructure
• Neutral Sentiment: Regional demand notes (e.g., rising gold‑loan activity in India) underline steady underlying physical demand, but these trends are gradual and not offsetting macro-driven flows. Inside India newsletter: Gold loans
• Negative Sentiment: Macro forces—rising U.S. Treasury yields, a stronger dollar and diminished odds of Fed rate cuts—are the primary drivers of the selloff that’s hit gold hardest this week. Multiple outlets highlight inflation expectations and rate paths as the key headwind. Gold suffers worst week since 1983
• Negative Sentiment: Oil-driven spikes in yields and market volatility have amplified the move lower in gold and reduced the likelihood of quick rate cuts, pressuring GLD and related miners. Gold Drops to a Two-Month Low
• Negative Sentiment: Technical analysts warn a breakdown of key support levels could trigger deeper corrections; some market commentaries and GLD‑focused pieces expect additional ETF outflows and further weakness. Support Breakdown Risks Deeper Correction GLD: Expecting Additional Losses

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.