SPDR Gold Shares $GLD Shares Sold by AdvisorNet Financial Inc

AdvisorNet Financial Inc decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 60,374 shares of the exchange traded fund’s stock after selling 2,168 shares during the quarter. SPDR Gold Shares makes up about 1.3% of AdvisorNet Financial Inc’s holdings, making the stock its 12th largest position. AdvisorNet Financial Inc’s holdings in SPDR Gold Shares were worth $25,978,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GLD. SVB Wealth LLC lifted its position in shares of SPDR Gold Shares by 3.6% in the first quarter. SVB Wealth LLC now owns 9,135 shares of the exchange traded fund’s stock valued at $3,930,000 after acquiring an additional 320 shares in the last quarter. Outlook Wealth Advisors LLC grew its position in shares of SPDR Gold Shares by 24.6% in the first quarter. Outlook Wealth Advisors LLC now owns 3,267 shares of the exchange traded fund’s stock valued at $1,406,000 after purchasing an additional 644 shares during the period. Novare Capital Management LLC grew its position in shares of SPDR Gold Shares by 6.3% in the first quarter. Novare Capital Management LLC now owns 673 shares of the exchange traded fund’s stock valued at $290,000 after purchasing an additional 40 shares during the period. Summit Wealth Partners LLC increased its stake in SPDR Gold Shares by 131.5% in the first quarter. Summit Wealth Partners LLC now owns 10,148 shares of the exchange traded fund’s stock valued at $4,367,000 after purchasing an additional 5,765 shares during the last quarter. Finally, Webster Bank N. A. increased its stake in SPDR Gold Shares by 4.3% in the first quarter. Webster Bank N. A. now owns 1,570 shares of the exchange traded fund’s stock valued at $676,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares News Summary

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

• Positive Sentiment: Gold rebounded above the $4,200 level as traders balanced lower oil prices, easing energy-related risks, and renewed buying interest after the recent pullback. Gold rebounds above $4,200 as markets weigh Fed hike risk, Iran progress – Kitco AM Report
• Positive Sentiment: Several commentators framed the recent drop in gold as a buying opportunity, with Peter Schiff saying the selloff could be an entry point rather than a reason to exit. Gold Just Dropped $68. Peter Schiff Says That’s Your Buy Signal.
• Neutral Sentiment: Gold remains highly sensitive to geopolitics and monetary policy, with recent reports noting that prices can swing on changes in Iran-related tensions and Fed expectations. Gold Rises; Direction Seen Led by Geopolitics, Monetary Policy
• Neutral Sentiment: Gold attempted to rebound despite rising Treasury yields, but the move suggests traders are still debating whether the recent pullback is temporary or the start of a deeper correction. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Attempts To Rebound Despite Rising Treasury Yields
• Negative Sentiment: The dollar’s breakout and firm Treasury yields are keeping gold under pressure, which is a headwind for GLD because bullion prices often move inversely to real rates and the U.S. currency. Gold and Silver Price Forecast: Dollar Breakout Keeps Metals Under Pressure
• Negative Sentiment: Morgan Stanley warned gold may struggle to reach its bullish 2026 target without a strong rebound in ETF inflows, while Bank of America said higher Fed tightening bias is making the outlook more difficult in the near term. Gold price will struggle to reach $5,200/oz in 2026 without strong ETF inflows – Morgan Stanley Bank of America says gold can still hit $6,000, just not anytime soon

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $384.59 on Tuesday. SPDR Gold Shares has a 1 year low of $299.89 and a 1 year high of $509.70. The firm has a 50 day moving average price of $416.51 and a 200 day moving average price of $428.23. The company has a market cap of $139.88 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14.

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.