SPDR Gold Shares $GLD Stake Increased by Addison Capital Co

Addison Capital Co lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 34.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 21,451 shares of the exchange traded fund’s stock after acquiring an additional 5,494 shares during the quarter. SPDR Gold Shares comprises about 1.6% of Addison Capital Co’s investment portfolio, making the stock its 14th largest position. Addison Capital Co’s holdings in SPDR Gold Shares were worth $9,230,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Horst & Graben Wealth Management LLC boosted its stake in shares of SPDR Gold Shares by 3.4% during the 1st quarter. Horst & Graben Wealth Management LLC now owns 1,021 shares of the exchange traded fund’s stock valued at $439,000 after buying an additional 34 shares during the period. Hoey Investments Inc. lifted its holdings in shares of SPDR Gold Shares by 49.3% during the 1st quarter. Hoey Investments Inc. now owns 1,000 shares of the exchange traded fund’s stock valued at $430,000 after buying an additional 330 shares during the last quarter. Clare Market Investments LLC acquired a new stake in SPDR Gold Shares in the first quarter valued at approximately $6,747,000. Advance Capital Management Inc. lifted its stake in shares of SPDR Gold Shares by 109.7% in the 1st quarter. Advance Capital Management Inc. now owns 12,464 shares of the exchange traded fund’s stock valued at $5,363,000 after purchasing an additional 6,520 shares during the last quarter. Finally, Hapanowicz & Associates Financial Services Inc boosted its stake in shares of SPDR Gold Shares by 9.3% during the 1st quarter. Hapanowicz & Associates Financial Services Inc now owns 1,695 shares of the exchange traded fund’s stock worth $729,000 after acquiring an additional 144 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 1.2%

Shares of GLD stock opened at $377.49 on Wednesday. SPDR Gold Shares has a 12 month low of $300.95 and a 12 month high of $509.70. The business’s 50 day moving average is $402.40 and its two-hundred day moving average is $426.88. The company has a market cap of $132.88 billion, a PE ratio of -32.43 and a beta of 0.17.

Trending Headlines about SPDR Gold Shares

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

• Positive Sentiment: Weak June jobs data and softer inflation worries are boosting expectations that the Fed may stay on hold longer, which supports gold and gold ETFs like GLD. Weak June Jobs Data Likely to Boost These ETF Areas
• Positive Sentiment: Central banks, especially China’s central bank, are still buying gold on dips, reinforcing the long-term demand backdrop for GLD. China’s central bank buys the dip, increasing gold reserves 15 tonnes in June
• Positive Sentiment: Several analysts remain constructive, saying the recent correction may have reset the market without ending gold’s broader bull trend, with some still targeting materially higher prices ahead. Gold price may have found its floor as liquidation gives way to consolidation – Saxo Bank
• Positive Sentiment: Gold has also attracted renewed attention as a defensive asset, with commentary highlighting GLD’s strong 12-month performance and the case for more safe-haven demand. Gold Price Forecast: Why the Next Major Move Could Target $7,000+
• Neutral Sentiment: Near-term price action remains choppy: gold is trying to recover, but higher yields, a stronger dollar, and technical resistance around key moving averages could limit upside in the short run. Gold (XAU/USD) Price Forecast: Recovery Attempt Tests Major Trend Barriers
• Neutral Sentiment: Gold-related ETF commentary also shows a mixed setup, with gold viewed as stable versus silver’s stronger momentum, suggesting investors are still rotating within precious metals rather than making a decisive new bet. GLD vs SLV: Gold Stability Versus Silver Momentum
• Negative Sentiment: Gold has also faced selling pressure at times from rising Treasury yields and Fed-related caution, which can weigh on GLD in the near term. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Lower As Treasury Yields Rise

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.