Hollow Brook Wealth Management LLC Cuts Position in SPDR Gold Shares $GLD

Hollow Brook Wealth Management LLC lowered its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 22.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,923 shares of the exchange traded fund’s stock after selling 3,982 shares during the quarter. SPDR Gold Shares makes up 1.4% of Hollow Brook Wealth Management LLC’s holdings, making the stock its 20th largest position. Hollow Brook Wealth Management LLC’s holdings in SPDR Gold Shares were worth $5,518,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. WPG Advisers LLC acquired a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $25,000. Timmons Wealth Management LLC acquired a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $26,000. Eukles Asset Management acquired a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $27,000. Vestwell Advisors LLC acquired a new stake in SPDR Gold Shares in the third quarter valued at approximately $27,000. Finally, USA Financial Formulas acquired a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $31,000. 42.19% of the stock is owned by institutional investors and hedge funds.

Key SPDR Gold Shares News

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

• Positive Sentiment: Gold rallied as the U.S.-Iran truce and the reopening of the Strait of Hormuz helped push oil lower, easing inflation fears and supporting lower Treasury yields. Gold Edges Higher, Extending Gains After U.S.-Iran Ceasefire
• Positive Sentiment: A World Gold Council survey found a record 45% of central banks plan to increase gold holdings, reinforcing the long-term demand backdrop for bullion and GLD. Record 45% of central banks plan increase gold holdings, WGC survey finds
• Positive Sentiment: Gold held near session highs after weak U.S. manufacturing data and higher input costs, which can bolster expectations for eventual Fed easing and support gold-linked ETFs like GLD. Gold prices holding near session highs as Empire State Survey falls to 5.7 in June
• Neutral Sentiment: Several market updates say gold is currently driven by technical recovery levels around support and resistance, suggesting near-term trading may depend on follow-through rather than a single new catalyst. Gold (XAUUSD) & Silver Price Forecast: Truce Stability vs Inflation Pressure Amid Iran-Israel Conflict – Upside Ahead?
• Negative Sentiment: Analysts also note inflation remains a headwind because it can keep rate-cut expectations in check, which may limit additional upside for gold and GLD. Gold and silver rally after Iran-U.S. deal, but face headwinds from rate hike expectations – Heraeus

SPDR Gold Shares Trading Up 2.6%

Shares of GLD opened at $396.55 on Tuesday. The firm has a market cap of $144.23 billion, a P/E ratio of -32.43 and a beta of 0.14. The stock’s 50 day moving average is $420.83 and its two-hundred day moving average is $428.13. SPDR Gold Shares has a 12 month low of $299.89 and a 12 month high of $509.70.

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.