SPDR Gold Shares $GLD Stake Lifted by Horizon Wealth Management LLC

Horizon Wealth Management LLC lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 3.0% in the 3rd quarter, Holdings Channel reports. The firm owned 67,877 shares of the exchange traded fund’s stock after acquiring an additional 1,948 shares during the period. SPDR Gold Shares accounts for 3.2% of Horizon Wealth Management LLC’s portfolio, making the stock its 8th biggest holding. Horizon Wealth Management LLC’s holdings in SPDR Gold Shares were worth $25,850,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Kestra Advisory Services LLC grew its stake in shares of SPDR Gold Shares by 9.2% in the third quarter. Kestra Advisory Services LLC now owns 400,142 shares of the exchange traded fund’s stock worth $152,390,000 after acquiring an additional 33,874 shares during the period. Claro Advisors Inc. raised its holdings in shares of SPDR Gold Shares by 13.4% during the third quarter. Claro Advisors Inc. now owns 3,531 shares of the exchange traded fund’s stock valued at $1,345,000 after purchasing an additional 417 shares during the last quarter. StrongBox Wealth LLC lifted its position in SPDR Gold Shares by 3.0% during the third quarter. StrongBox Wealth LLC now owns 2,008 shares of the exchange traded fund’s stock valued at $765,000 after purchasing an additional 59 shares during the period. Valtinson Bruner Financial Planning LLC lifted its position in SPDR Gold Shares by 6.3% during the third quarter. Valtinson Bruner Financial Planning LLC now owns 1,539 shares of the exchange traded fund’s stock valued at $586,000 after purchasing an additional 91 shares during the period. Finally, Platform Technology Partners lifted its position in SPDR Gold Shares by 5.0% during the third quarter. Platform Technology Partners now owns 11,878 shares of the exchange traded fund’s stock valued at $4,524,000 after purchasing an additional 567 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 0.8%

NYSEARCA:GLD opened at $375.49 on Friday. SPDR Gold Shares has a 12 month low of $354.67 and a 12 month high of $509.70. The company has a market cap of $137.09 billion, a PE ratio of -32.43 and a beta of 0.20. The company has a 50 day simple moving average of $385.96 and a two-hundred day simple moving average of $411.85.

Key SPDR Gold Shares News

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

• Positive Sentiment: Gold’s rally continued, with reports citing softer yields and a weaker dollar as drivers. The World Bank also expects gold to stay above $4,000 an ounce through 2028, while central-bank purchases remain a source of demand. Gold climbs above $4,100 as falling yields, softer labor costs support bullion World Bank gold outlook
• Neutral Sentiment: Technical commentary described a possible bullish reversal after gold reclaimed resistance, but noted that the broader downtrend and resistance levels could constrain the recovery. Gold bullish reversal forecast
• Negative Sentiment: Elevated real yields and upcoming U.S. jobs data could weaken gold’s momentum if they bolster expectations for tighter monetary policy. Gold also faces resistance near $4,200. Gold faces $4,200 barrier

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.