Ball & Co Wealth Management Inc. Has $14.26 Million Stock Holdings in SPDR Gold Shares $GLD

Ball & Co Wealth Management Inc. cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 31.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 33,141 shares of the exchange traded fund’s stock after selling 15,432 shares during the quarter. SPDR Gold Shares comprises 11.9% of Ball & Co Wealth Management Inc.’s investment portfolio, making the stock its 4th largest position. Ball & Co Wealth Management Inc.’s holdings in SPDR Gold Shares were worth $14,260,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. WPG Advisers LLC bought a new stake in SPDR Gold Shares during the fourth quarter worth $25,000. Timmons Wealth Management LLC bought a new position in SPDR Gold Shares during the 4th quarter valued at $26,000. Chapman Financial Group LLC purchased a new position in SPDR Gold Shares during the 2nd quarter worth $26,000. Vestwell Advisors LLC purchased a new position in SPDR Gold Shares during the 3rd quarter worth $27,000. Finally, Eukles Asset Management purchased a new position in SPDR Gold Shares during the 4th quarter worth $27,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $377.01 on Friday. The firm has a 50-day moving average of $399.61 and a 200-day moving average of $426.21. The company has a market cap of $132.22 billion, a P/E 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.

SPDR Gold Shares News Summary

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

• Positive Sentiment: Central-bank buying continues to provide a floor for gold, with Poland adding 82 tons and other major buyers said to be “buying the dip,” reinforcing long-term demand for the metal. Poland Buys 82 Tons of Gold as Prices Fall Over 10%
• Positive Sentiment: Some traders see gold carving out a bottom after last month’s selloff, and several forecasts say renewed support above the $4,000–$4,100 area could help bulls regain momentum if inflation data or broader risk sentiment turns favorable. Gold struggles around $4,100 as markets await CPI and Warsh’s Capitol Hill debut
• Neutral Sentiment: Technical analysts say GLD is at a key inflection point, with gold testing trend resistance after a sharp correction; the next move depends on whether buyers can reclaim critical chart levels. Gold (XAU/USD) Price Forecast: Can Bulls Reclaim Critical Trend Resistance?
• Neutral Sentiment: Gold is also being capped by rising yields and dollar strength, which have weighed on the metal through much of the week and kept ETF sentiment cautious. Gold Defends $4,000 Level as Strong Dollar Caps Gains
• Negative Sentiment: Recent reports highlight that gold moved lower as Treasury yields rose, signaling continued headwinds for GLD if real rates stay elevated and investors keep rotating out of defensive assets. Update: Gold Moves Lower as Treasury Yields Rise

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.