SPDR Gold Shares $GLD Holdings Trimmed by Innova Wealth Partners

Innova Wealth Partners lowered its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 68.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,176 shares of the exchange traded fund’s stock after selling 11,243 shares during the period. SPDR Gold Shares makes up 1.1% of Innova Wealth Partners’ portfolio, making the stock its 27th biggest position. Innova Wealth Partners’ holdings in SPDR Gold Shares were worth $2,227,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its position in SPDR Gold Shares by 20.4% during the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after buying an additional 1,903 shares during the period. Bison Wealth LLC grew its stake in SPDR Gold Shares by 77.8% during the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after acquiring an additional 2,600 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in SPDR Gold Shares during the 1st quarter valued at about $16,014,000. Schnieders Capital Management LLC. increased its holdings in shares of SPDR Gold Shares by 4.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock valued at $1,829,000 after purchasing an additional 275 shares during the period. Finally, Prudential Financial Inc. acquired a new position in shares of SPDR Gold Shares in the 2nd quarter valued at about $337,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Gold is finding support from weaker-than-expected U.S. labor data, softer ISM manufacturing readings, and fresh buying interest ahead of the June jobs report, which could help stabilize GLD if rate-cut expectations improve. Gold trades near session highs after ADP says net 98K jobs were added in June
• Positive Sentiment: Multiple analysts and industry reports remain constructive on gold’s longer-term outlook, pointing to continued central-bank demand and safe-haven buying as reasons the recent decline could prove temporary. These are the key factors that could restart the gold rally this year, or drive prices even lower – World Gold Council H2 Outlook
• Positive Sentiment: Some commentary says gold may be nearing a technical bottom after defending key support levels around the $4,000 area, which could help GLD if buyers continue to step in on dips. Gold (XAU/USD) Price Forecast: Bullish Hammer Signals Potential Bottom
• Neutral Sentiment: Several pieces focus on GLD as a portfolio vehicle, including a reminder that the ETF offers direct gold exposure but carries a 0.40% expense ratio, which may matter more for long-term holders than for near-term traders. GLD’s 0.40% Fee Quietly Costs You $40 Per Year on Every $10,000 While Cheaper Rivals Charge Half
• Neutral Sentiment: Bearish market commentary notes that gold remains in a downtrend or consolidation zone after a steep June decline, suggesting GLD could stay volatile until macro data shifts the rate outlook. Gold (XAU/USD) Price Forecast: Downtrend Holds Amid Resistance Test
• Neutral Sentiment: Other reports say gold is still trading weak after its worst quarter in years, but some strategists argue the selloff may be overdone and that central-bank demand still supports the long-term case for GLD. Gold prices fall further after worst quarter in 13 years as interest rate fears hit bullion

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $370.60 on Thursday. The company has a 50 day simple moving average of $406.66 and a 200-day simple moving average of $427.37. The firm has a market capitalization of $130.45 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a 52-week low of $300.95 and a 52-week 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.