Western Wealth Management LLC Boosts Stock Position in SPDR Gold Shares $GLD

Western Wealth Management LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 7.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,670 shares of the exchange traded fund’s stock after purchasing an additional 3,651 shares during the period. SPDR Gold Shares comprises approximately 0.8% of Western Wealth Management LLC’s holdings, making the stock its 22nd largest holding. Western Wealth Management LLC’s holdings in SPDR Gold Shares were worth $21,372,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. McIlrath & Eck LLC raised its holdings in SPDR Gold Shares by 257.5% in the first quarter. McIlrath & Eck LLC now owns 2,538 shares of the exchange traded fund’s stock valued at $1,092,000 after acquiring an additional 1,828 shares in the last quarter. Orographic Financial Advisors LLC acquired a new position in SPDR Gold Shares during the 1st quarter worth $3,300,000. Silicon Valley Capital Partners grew its holdings in SPDR Gold Shares by 6.2% during the 1st quarter. Silicon Valley Capital Partners now owns 512 shares of the exchange traded fund’s stock worth $220,000 after acquiring an additional 30 shares in the last quarter. Cornerstone Wealth LLC TN bought a new stake in shares of SPDR Gold Shares in the 1st quarter worth about $519,000. Finally, Paragon Private Wealth Management LLC increased its position in shares of SPDR Gold Shares by 1.6% in the 1st quarter. Paragon Private Wealth Management LLC now owns 3,899 shares of the exchange traded fund’s stock worth $1,678,000 after purchasing an additional 62 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $377.16 on Friday. The firm has a market cap of $133.36 billion, a PE ratio of -32.43 and a beta of 0.17. The firm’s 50-day simple moving average is $384.75 and its 200-day simple moving average is $422.83. SPDR Gold Shares has a 1 year low of $302.86 and a 1 year high of $509.70.

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

About SPDR Gold Shares

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.