Oxbow Advisors LLC Increases Stock Position in SPDR Gold Shares $GLD

Oxbow Advisors LLC increased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 20.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,089 shares of the exchange traded fund’s stock after buying an additional 3,975 shares during the period. SPDR Gold Shares accounts for 0.8% of Oxbow Advisors LLC’s investment portfolio, making the stock its 25th biggest position. Oxbow Advisors LLC’s holdings in SPDR Gold Shares were worth $9,935,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of GLD. Integrity Wealth Partners LLC bought a new stake in SPDR Gold Shares during the 1st quarter valued at $765,000. HB Wealth Management LLC lifted its position in shares of SPDR Gold Shares by 2.0% during the first quarter. HB Wealth Management LLC now owns 68,661 shares of the exchange traded fund’s stock worth $29,544,000 after acquiring an additional 1,331 shares in the last quarter. Mustard Seed Financial LLC bought a new position in shares of SPDR Gold Shares in the first quarter worth $200,000. IRON Financial LLC boosted its holdings in shares of SPDR Gold Shares by 14.0% in the first quarter. IRON Financial LLC now owns 813 shares of the exchange traded fund’s stock worth $350,000 after acquiring an additional 100 shares during the period. Finally, Baer Investment Advisory LLC purchased a new position in shares of SPDR Gold Shares in the first quarter valued at $2,376,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $378.13 on Friday. SPDR Gold Shares has a fifty-two week low of $300.95 and a fifty-two week high of $509.70. The stock has a market cap of $133.10 billion, a PE ratio of -32.43 and a beta of 0.17. The stock has a fifty day moving average of $404.49 and a 200-day moving average of $426.91.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Gold surged after the June employment report missed expectations, easing Fed rate-hike fears and boosting precious metals demand. Gold and silver rally as NFP miss dents Fed-hike bets – Kitco AM Report
• Positive Sentiment: Gold held and extended gains above key technical levels, with traders seeing recovery signals and short-covering into a thin holiday-session tape. Gold (XAU/USD) Price Forecast: Above Trendline Signals Recovery
• Positive Sentiment: Central bank buying remained a major support, with the World Gold Council reporting net purchases of 41 tonnes in May and multiple strategists citing diversification demand and ETF inflows as tailwinds. Central banks boost gold reserves with net 41 tonnes purchased in May – World Gold Council
• Positive Sentiment: Market commentary from HSBC and State Street pointed to further upside for gold into year-end, citing ongoing central-bank demand, ETF inflows, and diversification buying. ‘We anticipate further upside for gold by year-end’ – HSBC’s Sels and Ku
• Neutral Sentiment: Some analysts noted that high yields and a strong dollar still cap upside in the near term, even though the longer-term backdrop remains constructive. State Street’s baseline scenario sees gold price as high as $5,500/oz by Q1 2027
• Negative Sentiment: Price forecasts also highlighted resistance near recent highs and moving averages, suggesting GLD could face pauses if the current macro-driven rally loses momentum. Gold (XAU/USD) Price Forecast: Resistance Cluster Caps Upside Momentum

About SPDR Gold Shares

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.