Northwestern Mutual Wealth Management Co. Raises Stock Position in SPDR Gold Shares $GLD

Northwestern Mutual Wealth Management Co. grew its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 6.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 487,961 shares of the exchange traded fund’s stock after buying an additional 28,485 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in SPDR Gold Shares were worth $193,383,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Houlihan Financial Resource Group Ltd. boosted its holdings in shares of SPDR Gold Shares by 149.6% in the 4th quarter. Houlihan Financial Resource Group Ltd. now owns 4,205 shares of the exchange traded fund’s stock worth $1,729,000 after purchasing an additional 2,520 shares during the period. Novak & Powell Financial Services Inc. boosted its holdings in shares of SPDR Gold Shares by 5.1% in the 4th quarter. Novak & Powell Financial Services Inc. now owns 987 shares of the exchange traded fund’s stock worth $391,000 after purchasing an additional 48 shares during the period. Baker Avenue Asset Management LP boosted its holdings in shares of SPDR Gold Shares by 107.9% in the 4th quarter. Baker Avenue Asset Management LP now owns 1,852 shares of the exchange traded fund’s stock worth $734,000 after purchasing an additional 25,155 shares during the period. Godfrey Financial Associates Inc. purchased a new position in shares of SPDR Gold Shares in the 4th quarter worth approximately $71,000. Finally, Thoroughbred Financial Services LLC boosted its stake in shares of SPDR Gold Shares by 7.9% during the 4th quarter. Thoroughbred Financial Services LLC now owns 10,471 shares of the exchange traded fund’s stock worth $4,149,000 after purchasing an additional 771 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 1.0%

GLD stock opened at $412.77 on Friday. SPDR Gold Shares has a 12 month low of $299.89 and a 12 month high of $509.70. The company has a 50-day moving average price of $425.81 and a 200 day moving average price of $426.34. The stock has a market cap of $150.12 billion, a PE ratio of -32.43 and a beta of 0.15.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Gold rebounded as weaker U.S. GDP and softer dollar pressure offset some inflation concerns linked to the Strait of Hormuz and U.S.-Iran headlines. Gold rebounds as weak GDP offsets Hormuz risk – Kitco PM Report
• Positive Sentiment: Weaker-than-expected U.S. jobless claims and new-home sales data added support by reinforcing the case for eventual Fed rate cuts, which can help gold and GLD. Gold price finding new support as U.S. New home sales drop 6.2% in April
• Positive Sentiment: Traders also bought gold on hopes that lower Fed hawkishness and possible Iran-related de-escalation could still keep the broader gold uptrend intact. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Traders Bet On Iran Deal
• Neutral Sentiment: Several technical reports said gold is testing key support near the 200-day moving average and could be forming a rebound pattern, suggesting near-term stabilization rather than a clear trend reversal. Gold (XAU/USD) Price Forecast: Reversal Signals Build Near 200-Day
• Negative Sentiment: Gold also fell to a two-month low earlier as stronger inflation prints, firmer oil prices, and a stronger dollar reduced the appeal of non-yielding bullion. Gold tumbles to two-month low as inflation hedge status fades
• Negative Sentiment: Higher Treasury yields and persistent dollar strength remain a key headwind, and UBS cut its 2026 gold forecast, signaling that elevated opportunity cost could keep pressure on GLD. UBS lowers 2026 gold price forecast to $5,500/oz

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.