Childress Capital Advisors LLC lowered its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 93.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 921 shares of the exchange traded fund’s stock after selling 13,439 shares during the quarter. Childress Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $396,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in GLD. WPG Advisers LLC acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at about $25,000. Timmons Wealth Management LLC purchased a new stake in shares of SPDR Gold Shares during the 4th quarter worth about $26,000. Eukles Asset Management acquired a new stake in SPDR Gold Shares during the 4th quarter worth approximately $27,000. Private Wealth Management Group LLC acquired a new stake in SPDR Gold Shares during the 1st quarter worth approximately $30,000. Finally, Vestwell Advisors LLC purchased a new position in SPDR Gold Shares in the third quarter valued at approximately $27,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
NYSEARCA GLD opened at $374.45 on Thursday. The firm has a market capitalization of $131.32 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a one year low of $300.95 and a one year high of $509.70. The company’s 50 day moving average price is $401.29 and its 200 day moving average price is $426.71.
SPDR Gold Shares News Summary
- Positive Sentiment: Some analysts still see a constructive longer-term backdrop for gold, citing ongoing central bank buying and official-sector demand that could support prices later in 2026. Gold had a rough Q2, but central bank demand will push prices higher through 2026 – Invesco
- Positive Sentiment: Renewed geopolitical tensions in the Middle East continue to keep safe-haven demand alive, which can help cushion downside in GLD when risk aversion rises. Gold Rises on Renewed Middle East Tensions
- Neutral Sentiment: Several market updates say gold is testing major support levels around the $4,000 area, suggesting traders are watching for either a rebound or a deeper technical breakdown. Gold Forecast – Precious Metal Eyes Crucial $4,000 Psychological Floor
- Negative Sentiment: Gold prices fell Wednesday as hawkish Fed minutes and stronger yields/dollar reduced the appeal of non-yielding assets, directly pressuring GLD. Gold slides as Fed minutes, Hormuz oil spike lift yields – Kitco PM Report
- Negative Sentiment: ETF outflows in June signal investors have been reducing exposure to gold-backed funds as higher opportunity costs and rate expectations continue to weigh on sentiment. Investors flee gold ETFs in June as hawkish Fed expectations drive liquidation
- Negative Sentiment: Technical commentary also remains bearish, with multiple reports saying gold is struggling at resistance and may retest lower support if yields stay elevated. Gold (XAU/USD) Price Forecast: Resistance Keeps Bears in Control
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.
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