Envestnet Portfolio Solutions Inc. Increases Holdings in SPDR Gold Shares $GLD

Envestnet Portfolio Solutions Inc. increased its position in SPDR Gold Shares (NYSEARCA:GLD) by 21.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,117 shares of the exchange traded fund’s stock after buying an additional 19,219 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in SPDR Gold Shares were worth $43,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Gambit Capital Management LLC bought a new position in shares of SPDR Gold Shares during the fourth quarter valued at about $338,000. Entrust Financial LLC purchased a new stake in SPDR Gold Shares during the 4th quarter valued at about $110,000. Pathway Financial Advisers LLC grew its position in SPDR Gold Shares by 4.3% during the 4th quarter. Pathway Financial Advisers LLC now owns 1,005 shares of the exchange traded fund’s stock worth $398,000 after acquiring an additional 41 shares during the last quarter. Sequent Planning LLC increased its stake in SPDR Gold Shares by 4.9% in the 4th quarter. Sequent Planning LLC now owns 21,091 shares of the exchange traded fund’s stock worth $8,359,000 after purchasing an additional 984 shares during the period. Finally, Intrua Financial LLC lifted its position in SPDR Gold Shares by 0.7% in the fourth quarter. Intrua Financial LLC now owns 90,944 shares of the exchange traded fund’s stock valued at $36,042,000 after purchasing an additional 591 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares News Summary

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

• Positive Sentiment: Gold prices steadied and attempted a rebound as the U.S. dollar pulled back, supporting demand for the metal and helping GLD recover from recent weakness. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Attempts To Rebound After Pullback
• Positive Sentiment: Geopolitical risk around the Strait of Hormuz has kept investors focused on potential energy-market disruption, which can increase safe-haven flows into gold-backed funds like GLD. Gold price hold steadies, silver rebounds as Hormuz risk keeps oil, yields in focus – PM Report
• Neutral Sentiment: Gold is holding key support levels, but traders are waiting for the next breakout signal as broader market conditions remain choppy. Gold (XAUUSD) & Silver Price Forecast: $4,555 Holds — Can Bulls Reclaim $4,670 Resistance?
• Neutral Sentiment: Some analysts say gold is consolidating rather than trending strongly, with investors balancing inflation concerns against expectations for higher interest rates. Gold Consolidates; May Be Weighed by Fed Rate-Hike Expectations
• Negative Sentiment: Rising Treasury yields, a stronger dollar, and renewed Fed hike fears have pressured gold recently, which can weigh on GLD because the fund does not pay interest. Gold (XAUUSD) Price Forecast: Will Rising Yields Push Gold Toward 52-Week MA
• Negative Sentiment: Investor interest may also be diverted away from gold as some market participants rotate into Bitcoin as an inflation hedge, potentially limiting demand for GLD. Investors Are Choosing Bitcoin Over Gold to Fight Inflation. Here’s How That Could Backfire.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $418.43 on Tuesday. SPDR Gold Shares has a fifty-two week low of $296.48 and a fifty-two week high of $509.70. The firm has a market cap of $152.18 billion, a PE ratio of -32.43 and a beta of 0.15. The business has a 50 day moving average price of $434.58 and a 200-day moving average price of $423.69.

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.