Assetmark Inc. lowered its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 12.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,422 shares of the exchange traded fund’s stock after selling 5,942 shares during the quarter. Assetmark Inc.’s holdings in SPDR Gold Shares were worth $17,209,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. True Vision MN LLC lifted its position in shares of SPDR Gold Shares by 3.2% during the 4th quarter. True Vision MN LLC now owns 768 shares of the exchange traded fund’s stock valued at $304,000 after buying an additional 24 shares in the last quarter. Burns J W & Co. Inc. NY boosted its position in shares of SPDR Gold Shares by 0.7% in the fourth quarter. Burns J W & Co. Inc. NY now owns 3,500 shares of the exchange traded fund’s stock worth $1,387,000 after purchasing an additional 25 shares during the period. PFS Partners LLC increased its stake in shares of SPDR Gold Shares by 2.4% in the fourth quarter. PFS Partners LLC now owns 1,078 shares of the exchange traded fund’s stock worth $427,000 after purchasing an additional 25 shares in the last quarter. Steigerwald Gordon & Koch Inc. increased its stake in shares of SPDR Gold Shares by 28.7% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 112 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 25 shares in the last quarter. Finally, Boston Standard Wealth Management LLC raised its position in shares of SPDR Gold Shares by 2.8% during the 4th quarter. Boston Standard Wealth Management LLC now owns 946 shares of the exchange traded fund’s stock valued at $375,000 after purchasing an additional 26 shares during the period. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Down 0.1%
Shares of SPDR Gold Shares stock opened at $440.08 on Friday. The company has a market capitalization of $161.64 billion, a price-to-earnings ratio of -32.43 and a beta of 0.20. The stock’s 50-day simple moving average is $449.88 and its 200-day simple moving average is $415.07. SPDR Gold Shares has a 52 week low of $291.78 and a 52 week high of $509.70.
Key SPDR Gold Shares News
- Positive Sentiment: Macro bull case remains intact: analysts highlight that gold has rallied strongly year-to-date (roughly +50%) and macro forces — high CPI readings and steady money supply growth — continue to support demand for gold and gold ETFs. This underpins medium-term investor interest in GLD. Gold Soared 50% This Year. Here’s Which ETF to Buy Before Rates Fall
- Positive Sentiment: Institutional arguments for gold’s regulatory/financial-role support structural demand (LBMA comments on potential HQLA status), which is a longer-term positive for GLD flows and positioning. Gold doing its job: LBMA’s Crowell makes case for HQLA status
- Neutral Sentiment: Technical setup is mixed: gold is testing the 50‑day moving average and traders are watching for a breakout above resistance or a pullback to support—either outcome could steer near-term GLD flows. Gold (XAUUSD) Price Forecast: Will Dollar Weakness Push Gold Through 50-Day MA?
- Neutral Sentiment: Day-to-day trade remains rangebound with intraday technical entry levels being highlighted for active traders; that can limit large directional moves in GLD absent a fresh macro catalyst. Gold market analysis for April 16 – key intra-day price entry levels for active traders
- Negative Sentiment: Inflation/interest-rate dynamics and a firmer dollar are weighing on gold prices today — headlines point to inflation worries and rising Treasury yields pressuring bullion and GLD. Update: Gold Edges Lower, Remaining Rangebound on Inflation Worries
- Negative Sentiment: Profit‑taking and a possible technical correction are cited after recent gains; this reduces near-term upside for GLD until momentum stabilizes. Gold Edges Lower on Possible Technical Correction
- Negative Sentiment: Geopolitical easing (talks between the U.S. and Iran) and a stronger regional economic survey (Philly Fed jump) have reduced some safe‑haven demand, removing a tailwind for GLD. Gold’s safe-haven appeal weakening as Philly Fed Survey jumps in April
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.
See Also
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.
