SPDR Gold Shares $GLD Shares Sold by Walser Wealth Management Company A Ltd Liability Co

Walser Wealth Management Company A Ltd Liability Co reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 22.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104,158 shares of the exchange traded fund’s stock after selling 30,508 shares during the period. SPDR Gold Shares comprises about 20.1% of Walser Wealth Management Company A Ltd Liability Co’s holdings, making the stock its largest position. Walser Wealth Management Company A Ltd Liability Co’s holdings in SPDR Gold Shares were worth $44,818,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GLD. Hodges Capital Management Inc. lifted its stake in SPDR Gold Shares by 20.8% in the first quarter. Hodges Capital Management Inc. now owns 5,120 shares of the exchange traded fund’s stock valued at $2,203,000 after acquiring an additional 880 shares during the last quarter. Arbor Investment Advisors LLC raised its holdings in shares of SPDR Gold Shares by 3.6% during the 1st quarter. Arbor Investment Advisors LLC now owns 1,846 shares of the exchange traded fund’s stock valued at $794,000 after purchasing an additional 64 shares in the last quarter. FLP Wealth Management LLC raised its holdings in shares of SPDR Gold Shares by 2,833.7% during the 1st quarter. FLP Wealth Management LLC now owns 16,781 shares of the exchange traded fund’s stock valued at $7,221,000 after purchasing an additional 16,209 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of SPDR Gold Shares by 45.2% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 20,090 shares of the exchange traded fund’s stock valued at $8,591,000 after purchasing an additional 6,254 shares during the last quarter. Finally, Indiana Trust & Investment Management Co lifted its stake in shares of SPDR Gold Shares by 2.1% in the 1st quarter. Indiana Trust & Investment Management Co now owns 2,664 shares of the exchange traded fund’s stock valued at $1,146,000 after purchasing an additional 55 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA:GLD traded down $0.93 during trading hours on Tuesday, reaching $381.20. The company’s stock had a trading volume of 1,414,699 shares, compared to its average volume of 12,994,864. The company has a market cap of $134.18 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a one year low of $300.95 and a one year high of $509.70. The business’s 50-day moving average is $404.49 and its 200-day moving average is $427.13.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Weak June jobs data is reinforcing bets on a more dovish Fed, which is lifting demand for gold and gold-backed ETFs like GLD. Weak June Jobs Data Likely to Boost These ETF Areas
• Positive Sentiment: Gold rose to a two-week high as Treasury yields eased and inflation concerns softened, a bullish backdrop for GLD. Update: Gold Rises to a Two-Week High on Easing Inflation Concerns
• Positive Sentiment: Market commentary says gold ETFs are back in focus as weaker jobs data and a softer dollar support bullion, which could help GLD see more inflows. Gold ETFs Back in Focus as Weak Jobs Data Softer Dollar Boost Bullion Rally
• Positive Sentiment: Analysts continue to argue the long-term setup for gold remains constructive, with central bank buying and constrained mine supply supporting prices. Natixis Sticks with $4,600 Gold Target as Central Banks Prepare to Ramp Up Buying
• Neutral Sentiment: Gold is still facing technical resistance and near-term choppiness ahead of Fed minutes and other macro data, which may limit upside until markets get clearer policy signals. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks Trendline at $4,127 as Silver Holds $60.69 Ahead of FOMC — Next Move?
• Neutral Sentiment: Some reports note gold has been retreating or struggling around resistance near $4,200, suggesting volatility could persist even as the broader trend improves. Gold Price Continues Struggle as U.S. ISM Services PMI Falls to 54
• Negative Sentiment: Gold also slipped in early trading as investors waited for Fed minutes and the dollar firmed, showing the ETF can still face short-term pressure from macro uncertainty. Gold Falls as Investors Await Fed Minutes

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.