Diamant Asset Management Inc. Boosts Holdings in SPDR Gold Shares $GLD

Diamant Asset Management Inc. lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 42,929.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 697,070 shares of the exchange traded fund’s stock after purchasing an additional 695,450 shares during the period. SPDR Gold Shares comprises 1.0% of Diamant Asset Management Inc.’s portfolio, making the stock its 20th largest position. Diamant Asset Management Inc. owned 0.19% of SPDR Gold Shares worth $299,942,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wilkins Miller Wealth Management LLC lifted its holdings in SPDR Gold Shares by 2.9% in the 1st quarter. Wilkins Miller Wealth Management LLC now owns 2,630 shares of the exchange traded fund’s stock worth $1,132,000 after buying an additional 74 shares in the last quarter. MRA Advisory Group grew its stake in shares of SPDR Gold Shares by 8.2% during the first quarter. MRA Advisory Group now owns 765 shares of the exchange traded fund’s stock valued at $329,000 after acquiring an additional 58 shares in the last quarter. CrossGen Wealth LLC grew its stake in shares of SPDR Gold Shares by 3.4% during the first quarter. CrossGen Wealth LLC now owns 4,349 shares of the exchange traded fund’s stock valued at $1,871,000 after acquiring an additional 141 shares in the last quarter. Nicholas Wealth LLC. increased its position in shares of SPDR Gold Shares by 10.1% during the first quarter. Nicholas Wealth LLC. now owns 1,438 shares of the exchange traded fund’s stock worth $619,000 after acquiring an additional 132 shares during the last quarter. Finally, Citrine Capital LLC purchased a new stake in shares of SPDR Gold Shares during the first quarter worth about $366,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Gold gained ground as the U.S. dollar pulled back from recent highs and Treasury yields eased, helping precious metals recover from pressure. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Dollar Moves Away From Yearly Highs
• Positive Sentiment: Gold found support around the key $4,000 level and bounced as traders bought the dip after recent weakness. Gold Price Analysis – Gold Attempting to Bounce from $4000 Region
• Positive Sentiment: Weaker inflation expectations and slightly better consumer sentiment supported a move higher in spot gold during Friday trading. Spot gold hits session high near 4080/oz after final Consumer Sentiment rises to 49.5, one-year and long-term inflation expectations ease
• Neutral Sentiment: Some analysts still see gold’s longer-term structure as constructive, supported by central bank buying and continued industrial demand in related metals. Gold (XAUUSD) & Silver Price Forecast: Gold Retests $4,010 as Silver Breaks $56.50 Amid Ceasefire — Bearish Turn?
• Negative Sentiment: Multiple market reports warned that gold remains under pressure from a strong dollar, hawkish Fed expectations, and resilient U.S. data, with some analysts calling for deeper downside. Gold (XAU/USD) Price Forecast: Trendline Break Signals Bearish Extension
• Negative Sentiment: Other commentary suggested gold could still fall further, with prices struggling below $4,000 and bearish outlooks pointing to continued downside if support fails. Gold Declines; Prices Could Have Further to Fall

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $373.63 on Friday. SPDR Gold Shares has a one year low of $299.89 and a one year high of $509.70. The business’s 50-day simple moving average is $411.07 and its 200 day simple moving average is $427.51. The stock has a market cap of $135.89 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14.

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.