Balboa Wealth Partners Has $6.42 Million Stock Holdings in SPDR Gold Shares $GLD

Balboa Wealth Partners decreased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 13.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,931 shares of the exchange traded fund’s stock after selling 2,360 shares during the period. SPDR Gold Shares comprises about 1.1% of Balboa Wealth Partners’ holdings, making the stock its 16th largest holding. Balboa Wealth Partners’ holdings in SPDR Gold Shares were worth $6,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in GLD. Prepared Retirement Institute LLC increased its holdings in shares of SPDR Gold Shares by 1.6% during the fourth quarter. Prepared Retirement Institute LLC now owns 1,328 shares of the exchange traded fund’s stock worth $526,000 after buying an additional 21 shares in the last quarter. Hughes Financial Services LLC lifted its stake in shares of SPDR Gold Shares by 3.4% in the 4th quarter. Hughes Financial Services LLC now owns 667 shares of the exchange traded fund’s stock valued at $264,000 after acquiring an additional 22 shares during the last quarter. True Vision MN LLC lifted its stake in shares of SPDR Gold Shares by 3.2% in the 4th quarter. True Vision MN LLC now owns 768 shares of the exchange traded fund’s stock valued at $304,000 after acquiring an additional 24 shares during the last quarter. Burns J W & Co. Inc. NY boosted its holdings in shares of SPDR Gold Shares by 0.7% during the 4th quarter. Burns J W & Co. Inc. NY now owns 3,500 shares of the exchange traded fund’s stock valued at $1,387,000 after acquiring an additional 25 shares in the last quarter. Finally, PFS Partners LLC boosted its holdings in shares of SPDR Gold Shares by 2.4% during the 4th quarter. PFS Partners LLC now owns 1,078 shares of the exchange traded fund’s stock valued at $427,000 after acquiring an additional 25 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

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

More 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 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.