HHM Wealth Advisors LLC Sells 2,171 Shares of SPDR Gold Shares $GLD

HHM Wealth Advisors LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 58.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,540 shares of the exchange traded fund’s stock after selling 2,171 shares during the period. HHM Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $663,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GLD. WPG Advisers LLC bought a new position in shares of SPDR Gold Shares during the fourth quarter valued at $25,000. Timmons Wealth Management LLC acquired a new stake in SPDR Gold Shares in the fourth quarter valued at $26,000. Chapman Financial Group LLC acquired a new stake in SPDR Gold Shares in the second quarter valued at $26,000. Vestwell Advisors LLC bought a new position in SPDR Gold Shares during the 3rd quarter worth $27,000. Finally, Eukles Asset Management bought a new position in SPDR Gold Shares during the 4th quarter worth $27,000. 42.19% of the stock is owned by institutional investors.

Key SPDR Gold Shares News

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

• Positive Sentiment: Gold is being viewed by some portfolio managers as an attractive buying opportunity after its recent pullback, with de-dollarization trends still seen as supportive over the longer term. Gold’s pullback creates attractive entry as de-dollarization turns structural – KMLM’s Prior
• Positive Sentiment: China’s gold imports jumped to a 26-month high in May, suggesting physical demand remains strong even after the recent price decline. China gold imports hit 26-month high in May, up 76% YTD
• Neutral Sentiment: Gold briefly bounced from session lows after better-than-expected U.S. PMI data, showing that the metal is still reacting quickly to macroeconomic releases. Spot gold rises from session lows as flash S&P composite PMI improves to 52.2
• Negative Sentiment: Gold has been falling for multiple sessions as the dollar strengthens and rate-hike fears rise, pressuring GLD lower. Gold and silver tumble as rate-hike fears hit precious metals
• Negative Sentiment: Deutsche Bank and BMO both trimmed gold forecasts, citing weaker investor demand and the Fed’s hawkish shift, which could keep GLD under pressure near term. BMO cuts gold price forecast as Fed’s hawkish shift weighs on precious metals Deutsche Bank cuts 2026 gold price targets to $4,300/oz for Q3, $4,800/oz in Q4 as investor demand drops

SPDR Gold Shares Trading Down 1.9%

Shares of GLD opened at $377.32 on Wednesday. The company has a market capitalization of $137.23 billion, a PE ratio of -32.43 and a beta of 0.14. SPDR Gold Shares has a 12 month low of $299.89 and a 12 month high of $509.70. The stock’s 50-day moving average price is $415.31 and its two-hundred day moving average price is $428.16.

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.