WealthPLAN Partners LLC Increases Holdings in SPDR Gold Shares $GLD

WealthPLAN Partners LLC boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 51.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,020 shares of the exchange traded fund’s stock after purchasing an additional 1,370 shares during the quarter. WealthPLAN Partners LLC’s holdings in SPDR Gold Shares were worth $1,593,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Bank of Montreal Can purchased a new position in shares of SPDR Gold Shares during the third quarter valued at $556,282,000. Corient Private Wealth LLC lifted its stake in SPDR Gold Shares by 108.1% in the second quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock worth $327,500,000 after acquiring an additional 559,507 shares during the period. Axxcess Wealth Management LLC grew its holdings in SPDR Gold Shares by 1,158.4% during the 4th quarter. Axxcess Wealth Management LLC now owns 504,462 shares of the exchange traded fund’s stock worth $199,923,000 after acquiring an additional 464,376 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in SPDR Gold Shares by 103.7% during the 4th quarter. Teacher Retirement System of Texas now owns 568,900 shares of the exchange traded fund’s stock worth $225,461,000 after acquiring an additional 289,550 shares in the last quarter. Finally, Dynasty Wealth Management LLC purchased a new position in SPDR Gold Shares during the 4th quarter valued at about $108,320,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $386.32 on Friday. SPDR Gold Shares has a one year low of $299.89 and a one year high of $509.70. The firm has a market cap of $140.50 billion, a P/E ratio of -32.43 and a beta of 0.14. The firm has a 50-day simple moving average of $422.52 and a 200-day simple moving average of $427.97.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Gold and silver bounced as hopes for a U.S.-Iran deal weakened the dollar, while continued geopolitical uncertainty kept some safe-haven buying in the market. Gold and Silver Price Forecast: US-Iran Deal Hopes Lift XAUUSD and XAGUSD
• Positive Sentiment: Traders are defending major support around the $4,000-an-ounce area, and several analysts say the long-term gold bull market is still intact despite the recent pullback. Don’t fear a drop below $4,000, gold’s bull market isn’t broken – Thorsten Polleit
• Neutral Sentiment: Gold rebounded from recent lows and is trying to establish a bottom, but it still needs a stronger breakout above key resistance levels to confirm a sustained recovery. Gold (XAU/USD) Price Forecast: Undercut Setup Signals Potential Bottom
• Neutral Sentiment: Gold remains in a broad technical downtrend after breaking below major moving averages, leaving the ETF sensitive to further swings in inflation, yields, and Fed policy expectations. Gold (XAU/USD) Price Forecast: Bearish Breakdown Signals Trend Shift Risk
• Negative Sentiment: Hot U.S. inflation readings and expectations for higher-for-longer interest rates continue to weigh on gold, which is making it harder for GLD to recover meaningfully. Gold slumps to 6-month low even as inflation fears rise. Here’s why bullion is out of favor

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.