Cidel Asset Management Inc. Has $1.45 Million Stock Position in SPDR Gold Shares $GLD

Cidel Asset Management Inc. lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 69.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,368 shares of the exchange traded fund’s stock after acquiring an additional 1,384 shares during the period. Cidel Asset Management Inc.’s holdings in SPDR Gold Shares were worth $1,449,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Guyasuta Investment Advisors Inc. lifted its position in SPDR Gold Shares by 24.9% in the 1st quarter. Guyasuta Investment Advisors Inc. now owns 1,756 shares of the exchange traded fund’s stock valued at $756,000 after acquiring an additional 350 shares in the last quarter. Presilium Private Wealth LLC bought a new stake in SPDR Gold Shares during the 1st quarter worth approximately $204,000. Vermillion Wealth Management Inc. increased its holdings in SPDR Gold Shares by 4.4% during the 1st quarter. Vermillion Wealth Management Inc. now owns 850 shares of the exchange traded fund’s stock worth $366,000 after purchasing an additional 36 shares in the last quarter. Certified Advisory Corp increased its holdings in SPDR Gold Shares by 0.9% during the 1st quarter. Certified Advisory Corp now owns 13,194 shares of the exchange traded fund’s stock worth $5,677,000 after purchasing an additional 115 shares in the last quarter. Finally, Signal Advisors Wealth LLC raised its stake in shares of SPDR Gold Shares by 5.6% in the first quarter. Signal Advisors Wealth LLC now owns 12,617 shares of the exchange traded fund’s stock worth $5,429,000 after purchasing an additional 673 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Gold is being viewed by some portfolio managers as an attractive buying opportunity after its recent pullback, with de-dollarization trends still seen as supportive over the longer term. Gold’s pullback creates attractive entry as de-dollarization turns structural – KMLM’s Prior
• Positive Sentiment: China’s gold imports jumped to a 26-month high in May, suggesting physical demand remains strong even after the recent price decline. China gold imports hit 26-month high in May, up 76% YTD
• Neutral Sentiment: Gold briefly bounced from session lows after better-than-expected U.S. PMI data, showing that the metal is still reacting quickly to macroeconomic releases. Spot gold rises from session lows as flash S&P composite PMI improves to 52.2
• Negative Sentiment: Gold has been falling for multiple sessions as the dollar strengthens and rate-hike fears rise, pressuring GLD lower. Gold and silver tumble as rate-hike fears hit precious metals
• Negative Sentiment: Deutsche Bank and BMO both trimmed gold forecasts, citing weaker investor demand and the Fed’s hawkish shift, which could keep GLD under pressure near term. BMO cuts gold price forecast as Fed’s hawkish shift weighs on precious metals Deutsche Bank cuts 2026 gold price targets to $4,300/oz for Q3, $4,800/oz in Q4 as investor demand drops

SPDR Gold Shares Stock Down 1.9%

GLD stock opened at $377.32 on Wednesday. The firm has a market capitalization of $137.23 billion, a PE ratio of -32.43 and a beta of 0.14. SPDR Gold Shares has a twelve month low of $299.89 and a twelve month high of $509.70. The stock’s 50 day moving average is $415.31 and its 200-day moving average is $428.16.

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.