True Vision MN LLC Grows Position in SPDR Gold Shares $GLD

True Vision MN LLC raised its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 190.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,227 shares of the exchange traded fund’s stock after purchasing an additional 1,459 shares during the period. True Vision MN LLC’s holdings in SPDR Gold Shares were worth $958,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. WPG Advisers LLC acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at $25,000. Timmons Wealth Management LLC acquired a new stake in shares of SPDR Gold Shares during the 4th quarter worth $26,000. Chapman Financial Group LLC acquired a new stake in shares of SPDR Gold Shares during the 2nd quarter worth $26,000. Vestwell Advisors LLC acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter worth $27,000. Finally, Eukles Asset Management purchased a new position in shares of SPDR Gold Shares in the 4th quarter worth $27,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

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 Stock Performance

Shares of SPDR Gold Shares 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 has a market capitalization of $140.80 billion, a P/E ratio of -32.43 and a beta of 0.14. The business’s fifty day moving average price is $417.57 and its 200 day moving average price is $428.25.

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.