SPDR Gold Shares $GLD Stock Position Boosted by Consilium Wealth Advisory LLC

Consilium Wealth Advisory LLC grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1,550.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,035 shares of the exchange traded fund’s stock after buying an additional 12,245 shares during the quarter. SPDR Gold Shares comprises 1.9% of Consilium Wealth Advisory LLC’s holdings, making the stock its 15th biggest position. Consilium Wealth Advisory LLC’s holdings in SPDR Gold Shares were worth $5,609,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Brandywine Oak Private Wealth LLC raised its holdings in SPDR Gold Shares by 1.8% during the first quarter. Brandywine Oak Private Wealth LLC now owns 5,766 shares of the exchange traded fund’s stock worth $2,482,000 after purchasing an additional 104 shares in the last quarter. Focused Wealth Management Inc lifted its position in SPDR Gold Shares by 15.2% in the first quarter. Focused Wealth Management Inc now owns 779 shares of the exchange traded fund’s stock worth $335,000 after purchasing an additional 103 shares during the period. Centennial Wealth Advisory LLC boosted its stake in SPDR Gold Shares by 0.4% during the 1st quarter. Centennial Wealth Advisory LLC now owns 8,396 shares of the exchange traded fund’s stock valued at $3,613,000 after purchasing an additional 30 shares in the last quarter. Nautilus Advisors LLC bought a new position in SPDR Gold Shares during the 1st quarter valued at $269,000. Finally, Faithward Advisors LLC increased its position in shares of SPDR Gold Shares by 51.0% during the 1st quarter. Faithward Advisors LLC now owns 1,155 shares of the exchange traded fund’s stock valued at $497,000 after purchasing an additional 390 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Gold is being viewed by some portfolio managers as an attractive buying opportunity after its recent pullback, with de-dollarization trends still seen as supportive over the longer term. Gold’s pullback creates attractive entry as de-dollarization turns structural – KMLM’s Prior
• Positive Sentiment: China’s gold imports jumped to a 26-month high in May, suggesting physical demand remains strong even after the recent price decline. China gold imports hit 26-month high in May, up 76% YTD
• Neutral Sentiment: Gold briefly bounced from session lows after better-than-expected U.S. PMI data, showing that the metal is still reacting quickly to macroeconomic releases. Spot gold rises from session lows as flash S&P composite PMI improves to 52.2
• Negative Sentiment: Gold has been falling for multiple sessions as the dollar strengthens and rate-hike fears rise, pressuring GLD lower. Gold and silver tumble as rate-hike fears hit precious metals
• Negative Sentiment: Deutsche Bank and BMO both trimmed gold forecasts, citing weaker investor demand and the Fed’s hawkish shift, which could keep GLD under pressure near term. BMO cuts gold price forecast as Fed’s hawkish shift weighs on precious metals Deutsche Bank cuts 2026 gold price targets to $4,300/oz for Q3, $4,800/oz in Q4 as investor demand drops

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $377.32 on Wednesday. SPDR Gold Shares has a 1 year low of $299.89 and a 1 year high of $509.70. The business’s fifty day moving average is $415.31 and its 200-day moving average is $428.16. The stock has a market cap of $137.23 billion, a PE ratio of -32.43 and a beta of 0.14.

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.