Sprinkle Financial Consultants LLC Buys New Shares in SPDR Gold Shares $GLD

Sprinkle Financial Consultants LLC purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,710 shares of the exchange traded fund’s stock, valued at approximately $736,000.

Other large investors also recently bought and sold shares of the company. Terra Nova Asset Management LLC boosted its holdings in shares of SPDR Gold Shares by 12.5% in the 1st quarter. Terra Nova Asset Management LLC now owns 5,400 shares of the exchange traded fund’s stock valued at $2,324,000 after purchasing an additional 600 shares during the last quarter. Triad Wealth Partners LLC grew its stake in shares of SPDR Gold Shares by 15.5% during the 1st quarter. Triad Wealth Partners LLC now owns 5,212 shares of the exchange traded fund’s stock valued at $2,243,000 after buying an additional 699 shares during the period. Quotient Wealth Partners LLC grew its stake in shares of SPDR Gold Shares by 3.1% during the 1st quarter. Quotient Wealth Partners LLC now owns 1,586 shares of the exchange traded fund’s stock valued at $682,000 after buying an additional 47 shares during the period. Uhlmann Price Securities LLC increased its holdings in shares of SPDR Gold Shares by 8.0% during the 1st quarter. Uhlmann Price Securities LLC now owns 934 shares of the exchange traded fund’s stock worth $399,000 after buying an additional 69 shares during the last quarter. Finally, Financial Designs Corp acquired a new stake in shares of SPDR Gold Shares during the 1st quarter worth $670,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

Key SPDR Gold Shares News

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

• Positive Sentiment: Some analysts say gold’s long-term uptrend is still intact despite the Fed’s hawkish shift, arguing that inflation risks, fiscal deficits, and central bank buying could support prices over time. Gold’s bull market remains intact even with a hawkish Fed, says Axel Merk
• Positive Sentiment: Several market watchers continue to recommend gold ETFs as a long-term portfolio diversifier, suggesting structural demand for GLD may remain firm even during near-term volatility. Why Gold ETFs Still Deserve a Place in Long-Term Portfolios
• Neutral Sentiment: Gold is trading near key technical support, and analysts say the next major move may depend on whether buyers can defend that level in the coming sessions. Gold (XAU/USD) Price Forecast: Support Test Could Shape Next Major Move
• Negative Sentiment: Gold prices have been falling as the Fed’s hawkish outlook supports the dollar and lifts yields, reducing demand for bullion-backed funds like GLD. Hawkish Fed keeps pressure on gold as physical premiums soften – Kitco PM Report
• Negative Sentiment: Multiple reports say gold has extended losses and is testing lower support levels after the Fed signaled a potential rate hike later this year, keeping near-term sentiment bearish. Gold Extends Losses as Fed Rate-Hike Outlook Supports Dollar

SPDR Gold Shares Stock Performance

Shares of GLD opened at $387.12 on Monday. The firm has a market capitalization of $140.80 billion, a P/E ratio of -32.43 and a beta of 0.14. The stock’s fifty day simple moving average is $417.57 and its 200 day simple moving average is $428.25. SPDR Gold Shares has a twelve month low of $299.89 and a twelve month high of $509.70.

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.