Flax Pond Capital LLC Sells 1,650 Shares of SPDR Gold Shares $GLD

Flax Pond Capital LLC reduced its stake in SPDR Gold Shares (NYSEARCA:GLD) by 5.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,357 shares of the exchange traded fund’s stock after selling 1,650 shares during the quarter. SPDR Gold Shares accounts for 10.9% of Flax Pond Capital LLC’s portfolio, making the stock its largest position. Flax Pond Capital LLC’s holdings in SPDR Gold Shares were worth $13,493,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GLD. Prepared Retirement Institute LLC grew its stake in shares of SPDR Gold Shares by 1.6% during the 4th quarter. Prepared Retirement Institute LLC now owns 1,328 shares of the exchange traded fund’s stock worth $526,000 after acquiring an additional 21 shares in the last quarter. Hughes Financial Services LLC raised its holdings in shares of SPDR Gold Shares by 3.4% in the fourth quarter. Hughes Financial Services LLC now owns 667 shares of the exchange traded fund’s stock valued at $264,000 after purchasing an additional 22 shares during the last quarter. PFS Partners LLC lifted its position 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. boosted its holdings in SPDR Gold Shares by 28.7% during 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 during the last quarter. Finally, Leisure Capital Management boosted its holdings in SPDR Gold Shares by 1.9% during the fourth quarter. Leisure Capital Management now owns 1,371 shares of the exchange traded fund’s stock worth $543,000 after purchasing an additional 25 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: June PCE inflation came in softer and the dollar weakened, helping gold rebound after the Federal Reserve held interest rates while maintaining a hawkish stance. Because GLD tracks gold bullion, lower inflation and potential future rate relief support its investment appeal. Gold holds above $4,100 as softer PCE offsets hawkish Fed
• Positive Sentiment: Analysts said the Fed’s decision to keep rates unchanged provided relief for gold, while central-bank purchases and strong Asian buying indicated that underlying demand remains resilient despite the second-quarter selloff. Gold demand proves resilient despite Q2 selloff
• Positive Sentiment: Retail bullion demand is showing signs of recovery, with the Royal Mint reporting stronger purchases of digital gold and silver after the recent correction. Retail investors buy the dip
• Neutral Sentiment: Gold remains in a consolidation range after finding support near $4,000. A sustained move above roughly $4,203 could signal a broader bullish reversal, but failure to break that resistance would keep GLD range-bound. Gold price forecast and resistance analysis
• Negative Sentiment: The Fed’s hawkish messaging, firm Treasury yields and resilient weekly jobless-claims data continue to reduce expectations for near-term rate cuts, creating headwinds for non-yielding gold. Gold steadies as GDP and PCE keep rate risk alive
• Negative Sentiment: Consumers continue selling unwanted gold jewelry while prices remain elevated, adding potential supply and limiting upside momentum. Investors continue selling unwanted gold jewelry

SPDR Gold Shares Trading Up 1.6%

SPDR Gold Shares stock opened at $377.16 on Friday. The company has a market cap of $133.36 billion, a P/E ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a 1-year low of $302.86 and a 1-year high of $509.70. The company has a fifty day simple moving average of $384.75 and a 200 day simple moving average of $422.83.

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.