Keyvantage Wealth LLC Takes Position in SPDR Gold Shares $GLD

Keyvantage Wealth LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,315 shares of the exchange traded fund’s stock, valued at approximately $467,000.

Several other institutional investors have also recently bought and sold shares of the stock. Hopwood Financial Services Inc. bought a new stake in shares of SPDR Gold Shares during the third quarter worth $27,000. Chapman Financial Group LLC acquired a new stake in SPDR Gold Shares in the second quarter worth about $26,000. Steigerwald Gordon & Koch Inc. bought a new stake in SPDR Gold Shares during the 3rd quarter worth about $31,000. Kilter Group LLC acquired a new position in SPDR Gold Shares during the 2nd quarter valued at about $34,000. Finally, Traub Capital Management LLC acquired a new position in SPDR Gold Shares during the 2nd quarter valued at about $34,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $458.28 on Thursday. The stock has a market cap of $174.19 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The company has a 50 day moving average of $430.01 and a 200-day moving average of $379.98. SPDR Gold Shares has a one year low of $261.25 and a one year high of $509.70.

Key SPDR Gold Shares News

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

• Positive Sentiment: Geopolitical risk is lifting safe?haven demand for gold, supporting GLD as investors seek insurance against conflict-related market shocks. Gold Edges Higher Amid Growing Risks of U.S.-Iran Conflict
• Positive Sentiment: Spot gold spiked after U.S. housing starts showed monthly strength, a data surprise that traders took as another reason to buy bullion amid mixed economic signals. Spot gold spikes to $4,969/oz after U.S. housing starts rise 3.9% in November, 6.2% in December
• Positive Sentiment: Technical analysis and intra?day levels point to buying on dips with bullish structures and key supports holding (50?day, Fibonacci zones), which can attract momentum flows into GLD. Gold and Silver Technical Analysis: Bullish Structure Builds Ahead of FOMC Minutes
• Positive Sentiment: With FOMC minutes due, traders bought gold ahead of the release, lifting prices on positioning and risk?off flows. Gold, silver see price gains as FOMC minutes on deck
• Neutral Sentiment: Fed minutes showed some hawkish pressure that lifted yields — a headwind for gold — but simultaneous geopolitical risk and sticky inflation data leave the near?term direction undecided. Gold (XAUUSD) & Silver Price Forecast: Fed Pressure Builds – Will Gold Smash $5,020 or Stall?
• Neutral Sentiment: A firmer U.S. dollar is creating resistance near the $5,000 gold area; this dynamic could produce rangebound trading until clearer Fed guidance or geo developments emerge. $5,000 Clash as Dollar Firms – Break or Reversal?
• Negative Sentiment: Recent sessions have seen bouts of long liquidation and profit?taking that pressured prices earlier in the week, a risk for GLD if selling resumes. Gold, silver see strong losses amid weak long liquidation
• Negative Sentiment: Speculative ETF activity in China has increased volatility in gold ETFs, which can amplify intra?day swings in GLD and raise short?term risk. Safety No Longer? ETF Volatility in China Grips Gold

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.