Corps Capital Advisors LLC Buys 1,435 Shares of SPDR Gold Shares $GLD

Corps Capital Advisors LLC grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 214.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,103 shares of the exchange traded fund’s stock after acquiring an additional 1,435 shares during the quarter. Corps Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $833,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of GLD. Bank of Montreal Can bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at $556,282,000. Corient Private Wealth LLC raised its position in shares of SPDR Gold Shares by 108.1% in the 2nd quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock valued at $327,500,000 after buying an additional 559,507 shares in the last quarter. Axxcess Wealth Management LLC lifted its holdings in shares of SPDR Gold Shares by 1,158.4% during the 4th quarter. Axxcess Wealth Management LLC now owns 504,462 shares of the exchange traded fund’s stock worth $199,923,000 after acquiring an additional 464,376 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of SPDR Gold Shares by 103.7% during the 4th quarter. Teacher Retirement System of Texas now owns 568,900 shares of the exchange traded fund’s stock worth $225,461,000 after acquiring an additional 289,550 shares during the period. Finally, Dynasty Wealth Management LLC bought a new stake in shares of SPDR Gold Shares during the 4th quarter worth approximately $108,320,000. 42.19% of the stock is currently owned by institutional investors.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Gold is showing signs of a rebound after holding major support, suggesting buyers are stepping in after the recent selloff. Gold (XAU/USD) Price Forecast: Failed Breakdown Hints at Rebound
• Positive Sentiment: Safe-haven demand improved as Middle East tensions persisted and U.S.-Iran talk headlines supported a bid for precious metals. Gold and Silver Price Forecast: US-Iran Deal Hopes Lift XAUUSD and XAGUSD
• Positive Sentiment: Gold held key support around $4,000, and analysts said that level may act as a floor as investors cautiously return to the trade. Gold holds key $4,000 support as analysts watch for signs of a bottom
• Neutral Sentiment: The CME plans to offer 24/7 gold trading, which could improve access and liquidity but does not directly change fundamentals. CME to offer 24/7 gold and oil trading
• Neutral Sentiment: Gold remains caught between bargain-hunting support and macro pressure from higher-for-longer rate expectations and stronger U.S. inflation readings. Spot gold at $4,062/oz after U.S. May PPI rises 1.1%, core PPI up 0.4%
• Negative Sentiment: Several reports warn that gold remains under pressure from a stronger dollar, elevated yields, and fears the Fed may keep rates restrictive, which could limit any recovery in GLD. Gold slumps to 6-month low even as inflation fears rise. Here’s why bullion is out of favor

SPDR Gold Shares Trading Up 0.1%

Shares of SPDR Gold Shares stock opened at $386.54 on Friday. The company has a 50 day moving average of $421.49 and a 200-day moving average of $427.68. SPDR Gold Shares has a 1-year low of $299.89 and a 1-year high of $509.70. The company has a market cap of $140.58 billion, a PE ratio of -32.43 and a beta of 0.14.

About SPDR Gold Shares

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.