SPDR Gold Shares $GLD Shares Bought by Florida Trust Wealth Management Co

Florida Trust Wealth Management Co raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 36.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,361 shares of the exchange traded fund’s stock after buying an additional 10,825 shares during the period. Florida Trust Wealth Management Co’s holdings in SPDR Gold Shares were worth $15,995,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Chapman Financial Group LLC purchased a new position in shares of SPDR Gold Shares in the 2nd quarter valued at about $26,000. Hopwood Financial Services Inc. purchased a new position in SPDR Gold Shares during the third quarter worth approximately $27,000. Vestwell Advisors LLC acquired a new stake in SPDR Gold Shares in the third quarter valued at approximately $27,000. Steigerwald Gordon & Koch Inc. acquired a new stake in SPDR Gold Shares in the third quarter valued at approximately $31,000. Finally, USA Financial Formulas purchased a new stake in shares of SPDR Gold Shares in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $429.41 on Friday. SPDR Gold Shares has a 1-year low of $272.58 and a 1-year high of $509.70. The company has a market cap of $157.34 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The stock has a 50 day simple moving average of $454.35 and a 200-day simple moving average of $409.64.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Daily ETF flows show fresh demand for GLD — the fund gathered about $550M on April 1, which supports spot-gold exposure and liquidity for GLD holders. Daily ETF Flows: GLD Gathers $550M
• Positive Sentiment: Central banks remain net buyers of gold, a structural demand tailwind that supports bullion and GLD over the medium term. Central banks remain net gold buyers
• Positive Sentiment: Technical/market bounce: some analysts note a short-term recovery in gold (weekly rebound, reclaiming moving-average support), which can stabilize GLD if momentum continues. Gold Weekly Price Analysis – Gold Continues to Fight Back
• Neutral Sentiment: ETF positioning vs. alternatives — coverage notes GLD offers superior liquidity and a low expense ratio vs. some peers (IAU, SGDM, SIL), meaning investors may prefer GLD for core gold exposure even as other funds outperform intermittently. GLD or IAU ETF pick
• Negative Sentiment: Macro headwinds: a spike in oil shifted the rate outlook higher, lifting inflation concerns and Treasury yields — this reduces gold’s safe-haven appeal and pressured prices. Gold Drops As Oil Spike Shifts Rate Outlook
• Negative Sentiment: Dollar and bond-yield strength ahead of key U.S. data (NFP) has applied near-term selling pressure on gold, which typically drags GLD lower while yields rise. Gold and Silver Technical Analysis: Prices Under Pressure
• Negative Sentiment: Minor institutional trimming: a small 13F disclosure shows Balboa Wealth Partners cut its GLD position (~15.8% of its holding), a modest signal but not large enough alone to move the market. Balboa Wealth Partners sells GLD

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.