Clifford Swan Investment Counsel LLC trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 4.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 74,227 shares of the exchange traded fund’s stock after selling 3,542 shares during the quarter. SPDR Gold Shares accounts for approximately 1.0% of Clifford Swan Investment Counsel LLC’s portfolio, making the stock its 29th biggest position. Clifford Swan Investment Counsel LLC’s holdings in SPDR Gold Shares were worth $29,417,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the stock. Convergence Financial LLC acquired a new stake in SPDR Gold Shares in the fourth quarter worth about $531,000. Curio Wealth LLC lifted its holdings in SPDR Gold Shares by 1.9% in the fourth quarter. Curio Wealth LLC now owns 1,619 shares of the exchange traded fund’s stock worth $667,000 after purchasing an additional 30 shares during the period. Avise Financial Cooperative Inc. acquired a new stake in SPDR Gold Shares in the fourth quarter worth about $466,000. Vise Technologies Inc. lifted its holdings in SPDR Gold Shares by 122.2% in the fourth quarter. Vise Technologies Inc. now owns 20,762 shares of the exchange traded fund’s stock worth $8,228,000 after purchasing an additional 11,418 shares during the period. Finally, SFI Advisors LLC acquired a new stake in SPDR Gold Shares in the fourth quarter worth about $231,000. Institutional investors and hedge funds own 42.19% of the company’s stock.
More SPDR Gold Shares News
Here are the key news stories impacting SPDR Gold Shares this week:
- Positive Sentiment: Gold prices moved higher as the dollar and Treasury yields fell, supporting demand for non-yielding assets like gold. Update: Gold Trading Higher as the Dollar and Yields Fall as Israel and Lebanon Agree to a Ceasefire
- Positive Sentiment: Gold reclaimed the $4,500 level after weaker-than-expected U.S. jobless claims reinforced the case for slower growth and potential Fed easing. Spot gold reclaims $4,500/oz after U.S. weekly jobless claims rise to 225k
- Positive Sentiment: Analysts said deglobalization and a global scramble for strategic resources are strengthening gold’s long-term case as a reserve asset. Deglobalization sparks race for strategic resources, driving gold and copper outlook – Sohn Montreal
- Neutral Sentiment: Some technical traders see gold testing key support and resistance levels, suggesting the metal may be near an inflection point rather than in a clear trend. Gold (XAU/USD) Price Forecast: Falling Wedge Signals Key Inflection Zone
- Neutral Sentiment: Central banks returned to net buying in April, which supports gold demand, but the pace was modest and not enough to offset broader macro swings. Central banks buy net 17 tonnes of gold in April, led by Poland and China – WGC
- Negative Sentiment: China’s gold market is showing signs of cooling, including weaker ETF inflows, which could temper one of the major demand pillars behind the rally. China’s gold market is cooling, multiple metrics show
- Negative Sentiment: Several reports note that hotter inflation, stronger U.S. data, and rising rate-hike expectations have recently pressured gold below key technical levels. TD Securities cuts H2 2026 gold price forecasts as markets price in Fed rate hike
SPDR Gold Shares Stock Up 0.8%
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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