Wealthfront Advisers LLC Cuts Position in SPDR Gold Shares $GLD

Wealthfront Advisers LLC reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 2.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,903 shares of the exchange traded fund’s stock after selling 3,736 shares during the period. Wealthfront Advisers LLC’s holdings in SPDR Gold Shares were worth $54,175,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. D.A. Davidson & CO. increased its position in SPDR Gold Shares by 1.4% during the 1st quarter. D.A. Davidson & CO. now owns 92,906 shares of the exchange traded fund’s stock worth $39,977,000 after purchasing an additional 1,263 shares in the last quarter. RFG Bristol Wealth Advisors LLC raised its holdings in SPDR Gold Shares by 34.5% in the first quarter. RFG Bristol Wealth Advisors LLC now owns 740 shares of the exchange traded fund’s stock valued at $318,000 after buying an additional 190 shares during the period. Members Advisory Group LLC lifted its position in SPDR Gold Shares by 28.0% during the first quarter. Members Advisory Group LLC now owns 51,522 shares of the exchange traded fund’s stock valued at $22,169,000 after buying an additional 11,269 shares in the last quarter. Three Seasons Wealth LLC lifted its position in SPDR Gold Shares by 6.4% during the first quarter. Three Seasons Wealth LLC now owns 25,545 shares of the exchange traded fund’s stock valued at $10,992,000 after buying an additional 1,538 shares in the last quarter. Finally, Theory Financial LLC lifted its position in SPDR Gold Shares by 35.1% during the first quarter. Theory Financial LLC now owns 15,010 shares of the exchange traded fund’s stock valued at $6,459,000 after buying an additional 3,900 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Gold prices are benefiting from cooler U.S. producer and consumer inflation readings, which have pulled Treasury yields and the dollar lower and improved the appeal of bullion. Gold edges higher, silver slips as oil keeps inflation risk alive – Kitco PM Report
• Positive Sentiment: Several market updates say gold is finding footing and holding above $4,000, with some strategists viewing the consolidation as constructive rather than a breakdown. Gold holds firm above $4,000 as investors look beyond inflation fears – Saxo’s Hansen
• Positive Sentiment: Geopolitical tension and policy uncertainty continue to support sovereign and safe-haven gold demand, especially as some analysts say central banks are still buying. Fed won’t hike but hold, Warsh may have started too hawkish, and U.S. policy is driving sovereign gold demand – Natixis’ Christopher Hodge
• Neutral Sentiment: Technical commentary suggests gold is still below major resistance, but weakening downside momentum and a possible double-bottom pattern could point to a rebound if buyers regain control. Gold (XAU/USD) Price Forecast: Can Gold Break Out Above Key Resistance?
• Neutral Sentiment: One article argued investors should prefer bullion over gold miners for lower volatility, which reinforces the case for GLD as a relatively stable way to play the commodity. SPDR Gold Shares vs Sprott Gold Miners ETF. Should Investors Go For Bullion or Mining Stocks to Play the Comnmodity Boom?
• Negative Sentiment: Gold has struggled at resistance near $4,100 and some reports note occasional pullbacks or flat trading when yields rise, which could limit upside in the near term. Gold Flat Amid Rising Oil Prices

SPDR Gold Shares Stock Up 0.1%

GLD opened at $372.35 on Thursday. SPDR Gold Shares has a 52-week low of $300.95 and a 52-week high of $509.70. The company has a 50 day moving average of $396.38 and a two-hundred day moving average of $425.45. The company has a market cap of $130.77 billion, a P/E ratio of -32.43 and a beta of 0.17.

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.