7,671 Shares in SPDR Gold Shares $GLD Acquired by Orographic Financial Advisors LLC

Orographic Financial Advisors LLC purchased a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 1st quarter, Holdings Channel.com reports. The fund purchased 7,671 shares of the exchange traded fund’s stock, valued at approximately $3,300,000. SPDR Gold Shares accounts for approximately 2.3% of Orographic Financial Advisors LLC’s investment portfolio, making the stock its 12th largest holding.

A number of other hedge funds have also modified their holdings of GLD. Calder Financial LLC acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at $807,000. Crescent Grove Advisors LLC lifted its holdings in SPDR Gold Shares by 25.3% during the fourth quarter. Crescent Grove Advisors LLC now owns 15,719 shares of the exchange traded fund’s stock worth $6,230,000 after acquiring an additional 3,175 shares in the last quarter. Arcus Capital Partners LLC lifted its holdings in SPDR Gold Shares by 90.3% during the first quarter. Arcus Capital Partners LLC now owns 8,442 shares of the exchange traded fund’s stock worth $3,633,000 after acquiring an additional 4,005 shares in the last quarter. Ervin Investment Management LLC acquired a new position in SPDR Gold Shares in the fourth quarter valued at about $7,178,000. Finally, Cidel Asset Management Inc. grew its stake in SPDR Gold Shares by 69.8% in the first quarter. Cidel Asset Management Inc. now owns 3,368 shares of the exchange traded fund’s stock valued at $1,449,000 after acquiring an additional 1,384 shares during the period. 42.19% of the stock is currently owned by institutional investors.

Key SPDR Gold Shares News

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 Price Performance

Shares of SPDR Gold Shares stock opened at $377.16 on Friday. SPDR Gold Shares has a 1 year low of $302.86 and a 1 year high of $509.70. The business has a 50-day moving average of $384.75 and a two-hundred day moving average of $422.83. The company has a market capitalization of $133.36 billion, a P/E ratio of -32.43 and a beta of 0.17.

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.