SPDR Gold Shares $GLD Shares Acquired by Circle Wealth Management LLC

Circle Wealth Management LLC lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,439 shares of the exchange traded fund’s stock after acquiring an additional 2,010 shares during the period. Circle Wealth Management LLC’s holdings in SPDR Gold Shares were worth $12,856,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Quadrant Capital Group LLC boosted its stake in shares of SPDR Gold Shares by 41.3% during the fourth quarter. Quadrant Capital Group LLC now owns 3,309 shares of the exchange traded fund’s stock valued at $1,311,000 after acquiring an additional 967 shares during the last quarter. Keynote Financial Services LLC boosted its stake in shares of SPDR Gold Shares by 14.7% during the fourth quarter. Keynote Financial Services LLC now owns 1,701 shares of the exchange traded fund’s stock valued at $674,000 after acquiring an additional 218 shares during the last quarter. Castleark Management LLC boosted its stake in shares of SPDR Gold Shares by 105.3% during the fourth quarter. Castleark Management LLC now owns 16,435 shares of the exchange traded fund’s stock valued at $6,513,000 after acquiring an additional 8,430 shares during the last quarter. CI Investments Inc. boosted its stake in shares of SPDR Gold Shares by 1,188.1% during the fourth quarter. CI Investments Inc. now owns 143,518 shares of the exchange traded fund’s stock valued at $56,878,000 after acquiring an additional 132,376 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC boosted its stake in shares of SPDR Gold Shares by 10.0% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 5,782 shares of the exchange traded fund’s stock valued at $2,291,000 after acquiring an additional 526 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.1%

GLD opened at $386.54 on Friday. The firm has a market cap of $140.58 billion, a P/E ratio of -32.43 and a beta of 0.14. SPDR Gold Shares has a 52 week low of $299.89 and a 52 week high of $509.70. The business’s fifty day simple moving average is $421.49 and its 200 day simple moving average is $427.68.

SPDR Gold Shares News Summary

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

• Positive Sentiment: Gold is showing signs of a rebound after holding major support, suggesting buyers are stepping in after the recent selloff. Gold (XAU/USD) Price Forecast: Failed Breakdown Hints at Rebound
• Positive Sentiment: Safe-haven demand improved as Middle East tensions persisted and U.S.-Iran talk headlines supported a bid for precious metals. Gold and Silver Price Forecast: US-Iran Deal Hopes Lift XAUUSD and XAGUSD
• Positive Sentiment: Gold held key support around $4,000, and analysts said that level may act as a floor as investors cautiously return to the trade. Gold holds key $4,000 support as analysts watch for signs of a bottom
• Neutral Sentiment: The CME plans to offer 24/7 gold trading, which could improve access and liquidity but does not directly change fundamentals. CME to offer 24/7 gold and oil trading
• Neutral Sentiment: Gold remains caught between bargain-hunting support and macro pressure from higher-for-longer rate expectations and stronger U.S. inflation readings. Spot gold at $4,062/oz after U.S. May PPI rises 1.1%, core PPI up 0.4%
• Negative Sentiment: Several reports warn that gold remains under pressure from a stronger dollar, elevated yields, and fears the Fed may keep rates restrictive, which could limit any recovery in GLD. Gold slumps to 6-month low even as inflation fears rise. Here’s why bullion is out of favor

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.