SPDR Gold Shares $GLD Shares Sold by Element Pointe Advisors LLC

Element Pointe Advisors LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 23.2% during the first quarter, Holdings Channel reports. The firm owned 6,187 shares of the exchange traded fund’s stock after selling 1,868 shares during the quarter. SPDR Gold Shares comprises about 0.5% of Element Pointe Advisors LLC’s holdings, making the stock its 23rd largest position. Element Pointe Advisors LLC’s holdings in SPDR Gold Shares were worth $2,662,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in GLD. WPG Advisers LLC acquired a new position in shares of SPDR Gold Shares in the fourth quarter valued at approximately $25,000. Timmons Wealth Management LLC acquired a new stake in SPDR Gold Shares during the 4th quarter worth approximately $26,000. Chapman Financial Group LLC acquired a new stake in SPDR Gold Shares during the 2nd quarter worth approximately $26,000. Eukles Asset Management acquired a new stake in SPDR Gold Shares during the 4th quarter worth approximately $27,000. Finally, Private Wealth Management Group LLC purchased a new position in SPDR Gold Shares in the 1st quarter valued at approximately $30,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.2%

NYSEARCA:GLD opened at $367.60 on Tuesday. The company has a fifty day simple moving average of $392.40 and a two-hundred day simple moving average of $424.65. The company has a market cap of $129.03 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a 52 week low of $300.95 and a 52 week high of $509.70.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: Sprott’s Paul Wong said gold looks “massively oversold” and may be nearing a cyclical bottom, arguing that currency debasement remains a long-term driver that could push gold toward a new all-time high. Gold is oversold, the debasement trade is still on, and the pressure is building – Sprott’s Paul Wong
• Positive Sentiment: Gold is still drawing support from geopolitical risks in the Middle East and continued central-bank buying, which could help cushion downside and support a rebound if rate pressures ease. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Remains Stuck Near $4000 As Treasury Yields Rise
• Neutral Sentiment: Gold held steady in parts of Monday’s trading, suggesting buyers are still defending the metal even as the dollar and yields firm. Update: Gold Steady Even as The Dollar and Yields Rise
• Neutral Sentiment: The broader commodity ETF backdrop remains supportive for investors seeking inflation hedges, but the piece is more about ETF structure than a direct catalyst for GLD. Beyond the Spot Price: The Changing Landscape of Commodity ETFs
• Negative Sentiment: Multiple analysts said stronger dollar trends, rising Treasury yields, and hawkish Fed expectations are capping gold’s upside and creating downside risk for precious metals. Gold (XAUUSD) Price Forecast: Passive Gold Buyers Face a Hawkish Fed Trade
• Negative Sentiment: Gold has also been described as building bearish momentum near support, with higher-for-longer rate expectations and elevated oil prices continuing to weigh on the metal. Gold and Silver Price Forecast: Bearish Momentum Builds Near Support

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.