Rice Partnership LLC Grows Stock Holdings in SPDR Gold Shares $GLD

Rice Partnership LLC grew its stake in SPDR Gold Shares (NYSEARCA:GLD) by 4.1% during the 1st quarter, HoldingsChannel reports. The firm owned 142,922 shares of the exchange traded fund’s stock after acquiring an additional 5,593 shares during the quarter. SPDR Gold Shares makes up approximately 8.4% of Rice Partnership LLC’s holdings, making the stock its 2nd biggest holding. Rice Partnership LLC’s holdings in SPDR Gold Shares were worth $61,498,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Prepared Retirement Institute LLC boosted its stake in SPDR Gold Shares by 1.6% in the 4th quarter. Prepared Retirement Institute LLC now owns 1,328 shares of the exchange traded fund’s stock valued at $526,000 after buying an additional 21 shares in the last quarter. Hughes Financial Services LLC raised its stake in 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 worth $264,000 after acquiring an additional 22 shares in the last quarter. True Vision MN LLC lifted its holdings 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 period. 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 valued at $1,387,000 after acquiring 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 valued at $427,000 after acquiring an additional 25 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $367.60 on Tuesday. The company’s fifty day moving average is $392.40 and its 200-day moving average is $424.65. SPDR Gold Shares has a 52 week low of $300.95 and a 52 week high of $509.70. The company has a market capitalization of $129.03 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: Sprott’s Paul Wong said gold looks “massively oversold” and may be nearing a cyclical bottom, arguing that currency debasement remains a long-term driver that could push gold toward a new all-time high. Gold is oversold, the debasement trade is still on, and the pressure is building – Sprott’s Paul Wong
• Positive Sentiment: Gold is still drawing support from geopolitical risks in the Middle East and continued central-bank buying, which could help cushion downside and support a rebound if rate pressures ease. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Remains Stuck Near $4000 As Treasury Yields Rise
• Neutral Sentiment: Gold held steady in parts of Monday’s trading, suggesting buyers are still defending the metal even as the dollar and yields firm. Update: Gold Steady Even as The Dollar and Yields Rise
• Neutral Sentiment: The broader commodity ETF backdrop remains supportive for investors seeking inflation hedges, but the piece is more about ETF structure than a direct catalyst for GLD. Beyond the Spot Price: The Changing Landscape of Commodity ETFs
• Negative Sentiment: Multiple analysts said stronger dollar trends, rising Treasury yields, and hawkish Fed expectations are capping gold’s upside and creating downside risk for precious metals. Gold (XAUUSD) Price Forecast: Passive Gold Buyers Face a Hawkish Fed Trade
• Negative Sentiment: Gold has also been described as building bearish momentum near support, with higher-for-longer rate expectations and elevated oil prices continuing to weigh on the metal. Gold and Silver Price Forecast: Bearish Momentum Builds Near Support

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.