Chicago Wealth Management Inc. acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,703 shares of the exchange traded fund’s stock, valued at approximately $1,864,000. SPDR Gold Shares makes up 0.7% of Chicago Wealth Management Inc.’s portfolio, making the stock its 23rd largest holding.
A number of other institutional investors have also made changes to their positions in the stock. Prepared Retirement Institute LLC increased its position in SPDR Gold Shares by 1.6% in the 4th quarter. Prepared Retirement Institute LLC now owns 1,328 shares of the exchange traded fund’s stock worth $526,000 after buying an additional 21 shares during the period. Hughes Financial Services LLC increased its position in SPDR Gold Shares by 3.4% in the 4th quarter. Hughes Financial Services LLC now owns 667 shares of the exchange traded fund’s stock worth $264,000 after buying an additional 22 shares during the period. True Vision MN LLC increased its position in SPDR Gold Shares by 3.2% in the 4th quarter. True Vision MN LLC now owns 768 shares of the exchange traded fund’s stock worth $304,000 after buying an additional 24 shares during the period. Burns J W & Co. Inc. NY increased its position in SPDR Gold Shares by 0.7% in the 4th quarter. Burns J W & Co. Inc. NY now owns 3,500 shares of the exchange traded fund’s stock worth $1,387,000 after buying an additional 25 shares during the period. Finally, PFS Partners LLC increased its position in SPDR Gold Shares by 2.4% in the 4th quarter. PFS Partners LLC now owns 1,078 shares of the exchange traded fund’s stock worth $427,000 after buying an additional 25 shares during the period. 42.19% of the stock is owned by institutional investors.
SPDR Gold Shares Stock Down 2.3%
Shares of NYSEARCA GLD opened at $388.60 on Thursday. The business’s 50 day moving average is $419.42 and its two-hundred day moving average is $428.27. The company has a market cap of $141.33 billion, a P/E 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.
Key SPDR Gold Shares News
- Positive Sentiment: Wells Fargo said gold still has room to run, calling current prices an attractive entry point as inflation risks and fiscal deficits support the long-term case for the metal. Gold’s bull market has room to run as inflation risks, fiscal deficits support prices – Wells Fargo
- Positive Sentiment: A World Gold Council survey showed record expectations for central banks to increase gold holdings, reinforcing demand from the official sector. Record 45% of central banks plan to increase gold holdings, WGC survey finds
- Positive Sentiment: Several reports highlighted gold’s safe-haven appeal as geopolitical tensions, inflation worries, and softer Treasury yields continue to support demand. Central banks are bringing gold reserves home as geopolitical risks rise
- Neutral Sentiment: Some technical analysts said gold remains in a choppy consolidation phase, with traders waiting for clearer signals from rates, inflation, and the Fed before the next major move. Gold (XAU/USD) Price Forecast: Downtrend Holds as Resistance Strengthens
- Negative Sentiment: Gold retreated after the Fed’s policy statement and hawkish projections, with markets reacting to the possibility of tighter policy later this year, which is a headwind for GLD. Gold drops below $4,300/oz as Fed votes 12-0 in favor of rate hold, but nearly half of policymakers see a rate hike in 2026
- Negative Sentiment: Strong U.S. retail sales and a firmer dollar also weighed on gold intraday, adding to the downside pressure on the ETF. Update: Gold Edges Down As Dollar Steadies On Strong U.S. Retail Sales Report Ahead Of Fed’s Rate Decision
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.
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