HighTower Advisors LLC Sells 30,775 Shares of SPDR Gold Shares $GLD

HighTower Advisors LLC trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,468,274 shares of the exchange traded fund’s stock after selling 30,775 shares during the quarter. SPDR Gold Shares makes up about 0.6% of HighTower Advisors LLC’s investment portfolio, making the stock its 23rd biggest holding. HighTower Advisors LLC’s holdings in SPDR Gold Shares were worth $581,892,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Calder Financial LLC bought a new stake in shares of SPDR Gold Shares during the fourth quarter worth approximately $807,000. Empirical Asset Management LLC boosted its holdings in shares of SPDR Gold Shares by 256.7% in the third quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock valued at $12,941,000 after buying an additional 26,197 shares during the period. Colonial Trust Advisors increased its position in shares of SPDR Gold Shares by 7.6% during the third quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock worth $7,010,000 after acquiring an additional 1,385 shares in the last quarter. Ervin Investment Management LLC acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth $7,178,000. Finally, MB Generational Wealth LLC acquired a new stake in shares of SPDR Gold Shares during the third quarter worth $407,000. 42.19% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: Gold prices steadied and attempted a rebound as the U.S. dollar pulled back, supporting demand for the metal and helping GLD recover from recent weakness. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Attempts To Rebound After Pullback
• Positive Sentiment: Geopolitical risk around the Strait of Hormuz has kept investors focused on potential energy-market disruption, which can increase safe-haven flows into gold-backed funds like GLD. Gold price hold steadies, silver rebounds as Hormuz risk keeps oil, yields in focus – PM Report
• Neutral Sentiment: Gold is holding key support levels, but traders are waiting for the next breakout signal as broader market conditions remain choppy. Gold (XAUUSD) & Silver Price Forecast: $4,555 Holds — Can Bulls Reclaim $4,670 Resistance?
• Neutral Sentiment: Some analysts say gold is consolidating rather than trending strongly, with investors balancing inflation concerns against expectations for higher interest rates. Gold Consolidates; May Be Weighed by Fed Rate-Hike Expectations
• Negative Sentiment: Rising Treasury yields, a stronger dollar, and renewed Fed hike fears have pressured gold recently, which can weigh on GLD because the fund does not pay interest. Gold (XAUUSD) Price Forecast: Will Rising Yields Push Gold Toward 52-Week MA
• Negative Sentiment: Investor interest may also be diverted away from gold as some market participants rotate into Bitcoin as an inflation hedge, potentially limiting demand for GLD. Investors Are Choosing Bitcoin Over Gold to Fight Inflation. Here’s How That Could Backfire.

SPDR Gold Shares Stock Up 0.3%

NYSEARCA:GLD opened at $418.43 on Tuesday. The company has a market cap of $152.18 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a twelve month low of $296.48 and a twelve month high of $509.70. The business has a 50 day moving average price of $434.58 and a two-hundred day moving average price of $423.69.

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.