55 North Private Wealth LLC Takes Position in SPDR Gold Shares $GLD

55 North Private Wealth LLC bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,845 shares of the exchange traded fund’s stock, valued at approximately $1,128,000.

Several other hedge funds have also recently made changes to their positions in GLD. Chapman Financial Group LLC purchased a new position in shares of SPDR Gold Shares during the second quarter valued at approximately $26,000. Hopwood Financial Services Inc. purchased a new position in shares of SPDR Gold Shares during the third quarter valued at approximately $27,000. Vestwell Advisors LLC purchased a new position in shares of SPDR Gold Shares during the third quarter valued at approximately $27,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of SPDR Gold Shares during the third quarter valued at approximately $31,000. Finally, USA Financial Formulas purchased a new position in shares of SPDR Gold Shares during the fourth quarter valued at approximately $31,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

GLD opened at $445.93 on Monday. SPDR Gold Shares has a 52-week low of $291.78 and a 52-week high of $509.70. The stock has a market capitalization of $164.15 billion, a PE ratio of -32.43 and a beta of 0.20. The stock’s 50 day moving average price is $449.69 and its 200-day moving average price is $416.56.

Trending Headlines about SPDR Gold Shares

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

• Positive Sentiment: Bullish technical momentum building beneath key resistance; reclaiming the 50‑day MA would likely fuel further upside for gold and GLD. Gold (XAU/USD) Price Forecast: Bullish Momentum Builds Beneath Major Resistance
• Positive Sentiment: Hopes for a U.S.–Iran deal have lifted safe‑haven demand and pushed gold higher, a direct positive for GLD flows. Gold Edges Higher on Hopes for U.S.-Iran Deal
• Positive Sentiment: Dollar softness tied to ongoing diplomatic progress is reducing demand for the dollar as a haven and supporting gold prices (GLD benefits). Losses by the Dollar as Focus on Diplomacy Continues
• Positive Sentiment: Macro narrative and strong YTD performance have increased investor interest in gold ETFs; some outlets highlight GLD as a go‑to ETF before potential rate easing. Gold Soared 50% This Year. Here’s Which ETF to Buy Before Rates Fall
• Neutral Sentiment: Markets are waiting on key U.S. data (retail sales, PMI, sentiment) that could swing rates and the dollar — creating short‑term directionality risk for GLD. Gold eyes key U.S. data as markets brace for retail sales, PMI, and sentiment signals
• Neutral Sentiment: Intra‑day technical guides and quieter volatility signal consolidative trade; traders are watching specific entry/resistance levels for a confirmed breakout. Gold market analysis for April 17 – key intra-day price entry levels for active traders
• Negative Sentiment: Gold rally momentum could stall as rate‑cut odds fall and the Fed stays on hold; a firmer dollar and lower oil reduce inflation pressure, which is bearish for GLD. Gold News: Gold Rally Loses Steam as Rate Cut Odds Fall to 27%
• Negative Sentiment: Some data (Philly Fed, jobless claims) and improving geopolitical signals have weakened gold’s safe‑haven bid at times, keeping the market range‑bound and capping GLD gains. Gold’s safe-haven appeal weakening as Philly Fed Survey jumps in April

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.