Midwest Trust Co Buys 1,431 Shares of SPDR Gold Shares $GLD

Midwest Trust Co increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 6.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,611 shares of the exchange traded fund’s stock after buying an additional 1,431 shares during the period. Midwest Trust Co’s holdings in SPDR Gold Shares were worth $9,729,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its position in SPDR Gold Shares by 83.0% in the 1st quarter. Fifth Third Bancorp now owns 298,497 shares of the exchange traded fund’s stock valued at $128,440,000 after buying an additional 135,373 shares during the period. Rossmore Private Capital increased its position in shares of SPDR Gold Shares by 61.2% during the first quarter. Rossmore Private Capital now owns 10,734 shares of the exchange traded fund’s stock worth $4,619,000 after acquiring an additional 4,077 shares during the period. Washburn Capital Management Inc. increased its position in shares of SPDR Gold Shares by 19.6% during the first quarter. Washburn Capital Management Inc. now owns 640 shares of the exchange traded fund’s stock worth $275,000 after acquiring an additional 105 shares during the period. TSA Wealth Managment LLC raised its stake in shares of SPDR Gold Shares by 17.7% during the first quarter. TSA Wealth Managment LLC now owns 666 shares of the exchange traded fund’s stock valued at $287,000 after acquiring an additional 100 shares in the last quarter. Finally, Darwin Wealth Management LLC raised its stake in shares of SPDR Gold Shares by 4.2% during the first quarter. Darwin Wealth Management LLC now owns 2,514 shares of the exchange traded fund’s stock valued at $1,082,000 after acquiring an additional 102 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $377.01 on Monday. SPDR Gold Shares has a 52-week low of $300.95 and a 52-week high of $509.70. The firm has a market capitalization of $132.37 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. The stock has a 50 day moving average price of $399.61 and a 200 day moving average price of $426.34.

More SPDR Gold Shares News

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

• Positive Sentiment: Central-bank buying continues to provide a floor for gold, with Poland adding 82 tons and other major buyers said to be “buying the dip,” reinforcing long-term demand for the metal. Poland Buys 82 Tons of Gold as Prices Fall Over 10%
• Positive Sentiment: Some traders see gold carving out a bottom after last month’s selloff, and several forecasts say renewed support above the $4,000–$4,100 area could help bulls regain momentum if inflation data or broader risk sentiment turns favorable. Gold struggles around $4,100 as markets await CPI and Warsh’s Capitol Hill debut
• Neutral Sentiment: Technical analysts say GLD is at a key inflection point, with gold testing trend resistance after a sharp correction; the next move depends on whether buyers can reclaim critical chart levels. Gold (XAU/USD) Price Forecast: Can Bulls Reclaim Critical Trend Resistance?
• Neutral Sentiment: Gold is also being capped by rising yields and dollar strength, which have weighed on the metal through much of the week and kept ETF sentiment cautious. Gold Defends $4,000 Level as Strong Dollar Caps Gains
• Negative Sentiment: Recent reports highlight that gold moved lower as Treasury yields rose, signaling continued headwinds for GLD if real rates stay elevated and investors keep rotating out of defensive assets. Update: Gold Moves Lower as Treasury Yields Rise

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.