Prime Capital Investment Advisors LLC increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 8.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,148 shares of the exchange traded fund’s stock after buying an additional 2,163 shares during the period. Prime Capital Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $10,759,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. Stone House Investment Management LLC raised its stake in SPDR Gold Shares by 12.7% during the fourth quarter. Stone House Investment Management LLC now owns 665 shares of the exchange traded fund’s stock worth $264,000 after buying an additional 75 shares during the last quarter. BIP Wealth LLC raised its stake in SPDR Gold Shares by 6.8% during the fourth quarter. BIP Wealth LLC now owns 1,868 shares of the exchange traded fund’s stock worth $740,000 after buying an additional 119 shares during the last quarter. Ervin Investment Management LLC bought a new position in SPDR Gold Shares during the fourth quarter worth $7,178,000. ProCore Advisors LLC bought a new position in SPDR Gold Shares during the fourth quarter worth $912,000. Finally, Indiana Trust & Investment Management Co raised its stake in SPDR Gold Shares by 95.6% during the fourth quarter. Indiana Trust & Investment Management Co now owns 2,609 shares of the exchange traded fund’s stock worth $1,034,000 after buying an additional 1,275 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Trading Up 0.6%
GLD opened at $434.53 on Thursday. SPDR Gold Shares has a 1-year low of $281.04 and a 1-year high of $509.70. The company has a market cap of $159.78 billion, a P/E ratio of -32.43 and a beta of 0.15. The company has a fifty day moving average price of $451.52 and a two-hundred day moving average price of $411.61.
Trending Headlines about SPDR Gold Shares
- Positive Sentiment: Ceasefire-driven rally: News of a U.S.–Iran ceasefire sparked a sharp move in risk assets that pushed the dollar lower and yields down, lifting gold and supporting GLD’s rise. Gold Trading Higher as the Dollar and Yields Drop Following the U.S.-Iran Ceasefire Agreement
- Positive Sentiment: ETF inflows into GLD: GLD recorded sizeable inflows ($511M reported), a direct boost to the ETF’s AUM and an immediate technical bid for the shares. Daily ETF Flows: GLD Scoops Up $511M
- Positive Sentiment: Central-bank demand remains supportive: Surveys and coverage show ongoing central-bank buying and interest in gold as an alternative reserve, underpinning longer-term demand for GLD exposure. Geopolitical risks pushing more central banks into gold – Central bank survey
- Neutral Sentiment: Macro/technical nuance: Analysts highlight that recent gains are driven largely by dollar weakness and macro uncertainty rather than a sudden shift in fundamentals; this supports interest but leaves sensitivity to macro cross-currents. Gold’s latest rally isn’t about war — it’s about what comes next
- Neutral Sentiment: Selloff context and fundamentals: World Gold Council and other commentary argue March’s weakness was liquidity/deleveraging rather than a breakdown in fundamentals, implying any pullbacks could be buying opportunities. Dissecting what really happened – and what didn’t – during gold’s Iran War selloff – World Gold Council
- Negative Sentiment: Technical correction risk: Some market-watchers warn of a near-term technical pullback after fast moves and call for caution as front-month futures may see corrections. Watch key moving averages and volume for confirmation. Gold Edges Lower on Likely Technical Correction
- Negative Sentiment: Choppy market & technical resistance: Several technical notes flag resistance near key moving averages and intermittent momentum fade, which could cap near-term upside absent fresh macro catalysts. Gold (XAU/USD) Price Forecast: Bullish Momentum Falters Above 20-Day MA
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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