Revolve Wealth Partners LLC Buys 2,325 Shares of SPDR Gold Shares $GLD

Revolve Wealth Partners LLC boosted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 381.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,934 shares of the exchange traded fund’s stock after buying an additional 2,325 shares during the period. Revolve Wealth Partners LLC’s holdings in SPDR Gold Shares were worth $1,081,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Calder Financial LLC acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at approximately $807,000. Crescent Grove Advisors LLC grew its position 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 buying an additional 3,175 shares in the last quarter. Arcus Capital Partners LLC increased its stake in SPDR Gold Shares by 90.3% during the 1st 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 during the period. Cidel Asset Management Inc. increased its stake in SPDR Gold Shares by 69.8% during the 1st quarter. Cidel Asset Management Inc. now owns 3,368 shares of the exchange traded fund’s stock worth $1,449,000 after acquiring an additional 1,384 shares during the period. Finally, Geneva Partners LLC raised its holdings in SPDR Gold Shares by 3.4% in the 4th quarter. Geneva Partners LLC now owns 36,728 shares of the exchange traded fund’s stock valued at $14,556,000 after acquiring an additional 1,203 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Weak U.S. jobs data reduced expectations for further Federal Reserve tightening, pressuring the dollar and Treasury yields while improving the appeal of non-yielding gold. Analysts cited potential upside targets for gold and silver. Gold and Silver Price Forecast: Jobs Shock Boosts Gold, Silver Eyes $65.20
• Positive Sentiment: Lower yields, strong central-bank demand and renewed investor inflows are giving gold ETFs additional momentum, directly supporting the outlook for GLD. Gold ETF Rally Gains Momentum: Will It Sustain?
• Positive Sentiment: Sprott’s Maria Smirnova said gold’s months-long decline was a correction rather than a trend reversal. Rising government debt, large fiscal deficits, central-bank buying and geopolitical fragmentation could reinforce gold’s long-term strategic role. Price correction improved the long-term risk-reward profile for gold and silver
• Positive Sentiment: One fund manager said gold’s nearly $300 breakout rally could lead to further gains, including a possible return toward $5,000 per ounce over the next two years. Gold could reclaim $5,000 an ounce in two years
• Neutral Sentiment: Gold is consolidating above a key 200-day technical average, with traders watching for confirmation that the recent bullish momentum will continue. Gold Price Analysis: Gold Consolidates Above 200-Day EMA
• Negative Sentiment: Upcoming U.S. CPI and PPI reports could drive volatility. Hotter-than-expected inflation may lift yields and the dollar, potentially limiting gold’s rebound, while technical resistance remains a hurdle. Weak Dollar Supports Rebound Ahead of U.S. CPI

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $402.54 on Tuesday. The stock has a fifty day moving average price of $380.88 and a 200-day moving average price of $420.90. The company has a market cap of $142.14 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a fifty-two week low of $305.19 and a fifty-two week 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.