AMG National Trust Bank Sells 1,515 Shares of SPDR Gold Shares $GLD

AMG National Trust Bank lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 97,887 shares of the exchange traded fund’s stock after selling 1,515 shares during the quarter. SPDR Gold Shares accounts for approximately 0.9% of AMG National Trust Bank’s investment portfolio, making the stock its 28th largest position. AMG National Trust Bank’s holdings in SPDR Gold Shares were worth $42,120,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in GLD. Prepared Retirement Institute LLC grew its holdings in SPDR Gold Shares by 1.6% during the 4th quarter. Prepared Retirement Institute LLC now owns 1,328 shares of the exchange traded fund’s stock worth $526,000 after acquiring an additional 21 shares during the last quarter. Hughes Financial Services LLC raised its stake in shares of SPDR Gold Shares by 3.4% during the fourth 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 raised its stake in shares of SPDR Gold Shares by 3.2% during the fourth 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 lifted its holdings in shares of SPDR Gold Shares by 0.7% during the fourth quarter. Burns J W & Co. Inc. NY now owns 3,500 shares of the exchange traded fund’s stock worth $1,387,000 after purchasing an additional 25 shares during the period. Finally, PFS Partners LLC lifted its holdings in shares of SPDR Gold Shares by 2.4% during the fourth quarter. PFS Partners LLC now owns 1,078 shares of the exchange traded fund’s stock worth $427,000 after purchasing an additional 25 shares during the period. Institutional investors own 42.19% of the company’s stock.

Key Headlines Impacting SPDR Gold Shares

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

• Neutral Sentiment: Gold’s near-term direction is being driven by a key macro week featuring U.S. CPI, Fed-related commentary, and geopolitical risks around the Strait of Hormuz, all of which could shift rate expectations and demand for safe-haven assets. Gold News: Gold Price Hinges on CPI, Warsh and Hormuz Risks
• Neutral Sentiment: Some analysts argue gold’s longer-term case remains intact even if the U.S. dollar stays strong in the short run, framing recent weakness as a temporary pullback rather than a breakdown in the metal’s reserve-asset appeal. Gold is becoming the reserve asset of the new multipolar world – Sprott’s Paul Wong
• Negative Sentiment: Gold slid to a monthly low as renewed fighting in the U.S.-Iran conflict and rising oil prices increased inflation concerns and supported expectations for tighter-for-longer Fed policy, which tends to weigh on non-yielding gold and GLD. Update: Gold Falls to Monthly Low as Renewed US-Iran Fighting Fuels Inflation Concerns
• Negative Sentiment: Precious metals are weak as traders bet on a hawkish Fed, with gold testing the $4,000 level while oil-driven inflation fears and a stronger dollar continue to pressure prices. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests The $4000 Level

SPDR Gold Shares Stock Down 2.6%

NYSEARCA GLD opened at $367.13 on Tuesday. The company has a market capitalization of $128.90 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a twelve month low of $300.95 and a twelve month high of $509.70. The stock has a fifty day simple moving average of $398.48 and a 200 day simple moving average of $426.01.

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.