SPDR Gold Shares $GLD Shares Sold by WealthCare Asset Management LLC

WealthCare Asset Management LLC cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 36.0% in the first quarter, HoldingsChannel.com reports. The fund owned 19,581 shares of the exchange traded fund’s stock after selling 10,998 shares during the period. SPDR Gold Shares makes up 9.0% of WealthCare Asset Management LLC’s investment portfolio, making the stock its 4th largest position. WealthCare Asset Management LLC’s holdings in SPDR Gold Shares were worth $8,426,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. WPG Advisers LLC bought a new position in SPDR Gold Shares during the 4th quarter worth approximately $25,000. Timmons Wealth Management LLC bought a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $26,000. Chapman Financial Group LLC acquired a new stake in SPDR Gold Shares in the second quarter worth $26,000. Vestwell Advisors LLC acquired a new stake in SPDR Gold Shares in the third quarter worth $27,000. Finally, Eukles Asset Management acquired a new stake in SPDR Gold Shares in the fourth quarter worth $27,000. 42.19% of the stock is currently 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: Central-bank buying continues to provide a floor for gold, with Poland adding 82 tons and other major buyers said to be “buying the dip,” reinforcing long-term demand for the metal. Poland Buys 82 Tons of Gold as Prices Fall Over 10%
• Positive Sentiment: Some traders see gold carving out a bottom after last month’s selloff, and several forecasts say renewed support above the $4,000–$4,100 area could help bulls regain momentum if inflation data or broader risk sentiment turns favorable. Gold struggles around $4,100 as markets await CPI and Warsh’s Capitol Hill debut
• Neutral Sentiment: Technical analysts say GLD is at a key inflection point, with gold testing trend resistance after a sharp correction; the next move depends on whether buyers can reclaim critical chart levels. Gold (XAU/USD) Price Forecast: Can Bulls Reclaim Critical Trend Resistance?
• Neutral Sentiment: Gold is also being capped by rising yields and dollar strength, which have weighed on the metal through much of the week and kept ETF sentiment cautious. Gold Defends $4,000 Level as Strong Dollar Caps Gains
• Negative Sentiment: Recent reports highlight that gold moved lower as Treasury yields rose, signaling continued headwinds for GLD if real rates stay elevated and investors keep rotating out of defensive assets. Update: Gold Moves Lower as Treasury Yields Rise

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD traded down $1.17 during midday trading on Friday, reaching $377.01. 5,452,429 shares of the stock were exchanged, compared to its average volume of 12,859,920. SPDR Gold Shares has a 12 month low of $300.95 and a 12 month high of $509.70. The company has a market capitalization of $132.22 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. The business has a 50-day simple moving average of $399.61 and a two-hundred day simple moving average of $426.21.

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.