Renaissance Technologies LLC Acquires 15,979 Shares of SPDR Gold Shares $GLD

Renaissance Technologies LLC lifted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 23.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,059 shares of the exchange traded fund’s stock after acquiring an additional 15,979 shares during the period. Renaissance Technologies LLC’s holdings in SPDR Gold Shares were worth $35,739,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. WPG Advisers LLC bought a new stake in SPDR Gold Shares in the 4th quarter valued at $25,000. Timmons Wealth Management LLC bought a new position in shares of SPDR Gold Shares during the 4th quarter worth about $26,000. Eukles Asset Management acquired a new position in shares of SPDR Gold Shares during the fourth quarter valued at about $27,000. Private Wealth Management Group LLC acquired a new position in shares of SPDR Gold Shares during the first quarter valued at about $30,000. Finally, USA Financial Formulas bought a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $31,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.4%

GLD stock opened at $369.37 on Wednesday. SPDR Gold Shares has a twelve month low of $300.95 and a twelve month high of $509.70. The company has a market cap of $130.42 billion, a PE ratio of -32.43 and a beta of 0.17. The business’s 50-day simple moving average is $386.47 and its 200 day simple moving average is $423.38.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: ETF inflows and continued central-bank purchases, particularly from China, are providing underlying support for gold and could help limit downside in GLD. China may significantly expand its gold holdings over the next five years. ETF inflows support gold ahead of Fed week
• Positive Sentiment: Weaker-than-expected U.S. consumer confidence pressured the dollar and supported a rebound in spot gold from session lows, a dynamic that can benefit GLD. Spot gold trades after consumer confidence drops
• Neutral Sentiment: The launch of CME Group’s 24/7 one-ounce gold contract generated roughly $60 million in weekend trading, signaling demand for continuous gold-market access but not necessarily an immediate change in bullion prices. CME’s 24/7 gold contract
• Neutral Sentiment: Analysts expect the Fed to remain on hold until at least September, potentially keeping gold range-bound for several months while markets await clearer guidance on rates and inflation. Fed will hold until at least September
• Negative Sentiment: Gold sellers have regained control as traders price in greater risk of a hawkish Fed. Higher yields and rate expectations are weakening the investment case for non-yielding bullion. Gold market faces rate hike fears
• Negative Sentiment: Commerzbank lowered its gold and silver forecasts, warning that a sustained recovery is unlikely while the Iran conflict continues to weigh on markets and gold struggles to hold support above $4,000 per ounce. Commerzbank downgrades gold and silver prices
• Negative Sentiment: The pause in U.S.-Iran hostilities has reduced immediate safe-haven demand and lowered oil-driven inflation concerns, while gold recently suffered its worst quarterly performance in more than a decade. Oil and gold lower as U.S.-Iran pause holds

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.