Walser Wealth Management Company A Ltd Liability Co Reduces Position in SPDR Gold Shares $GLD

Walser Wealth Management Company A Ltd Liability Co trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 22.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 104,158 shares of the exchange traded fund’s stock after selling 30,508 shares during the period. SPDR Gold Shares makes up about 20.1% of Walser Wealth Management Company A Ltd Liability Co’s holdings, making the stock its largest holding. Walser Wealth Management Company A Ltd Liability Co’s holdings in SPDR Gold Shares were worth $44,818,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Hodges Capital Management Inc. raised its holdings in SPDR Gold Shares by 20.8% in the 1st quarter. Hodges Capital Management Inc. now owns 5,120 shares of the exchange traded fund’s stock worth $2,203,000 after acquiring an additional 880 shares during the period. Arbor Investment Advisors LLC lifted its position in SPDR Gold Shares by 3.6% during the 1st quarter. Arbor Investment Advisors LLC now owns 1,846 shares of the exchange traded fund’s stock worth $794,000 after acquiring an additional 64 shares during the last quarter. FLP Wealth Management LLC boosted its holdings in SPDR Gold Shares by 2,833.7% during the first quarter. FLP Wealth Management LLC now owns 16,781 shares of the exchange traded fund’s stock valued at $7,221,000 after acquiring an additional 16,209 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in SPDR Gold Shares by 45.2% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 20,090 shares of the exchange traded fund’s stock valued at $8,591,000 after acquiring an additional 6,254 shares during the period. Finally, Indiana Trust & Investment Management Co grew its position in shares of SPDR Gold Shares by 2.1% in the first quarter. Indiana Trust & Investment Management Co now owns 2,664 shares of the exchange traded fund’s stock valued at $1,146,000 after purchasing an additional 55 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

Key SPDR Gold Shares News

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

• Positive Sentiment: Weak June jobs data is reinforcing bets on a more dovish Fed, which is lifting demand for gold and gold-backed ETFs like GLD. Weak June Jobs Data Likely to Boost These ETF Areas
• Positive Sentiment: Gold rose to a two-week high as Treasury yields eased and inflation concerns softened, a bullish backdrop for GLD. Update: Gold Rises to a Two-Week High on Easing Inflation Concerns
• Positive Sentiment: Market commentary says gold ETFs are back in focus as weaker jobs data and a softer dollar support bullion, which could help GLD see more inflows. Gold ETFs Back in Focus as Weak Jobs Data Softer Dollar Boost Bullion Rally
• Positive Sentiment: Analysts continue to argue the long-term setup for gold remains constructive, with central bank buying and constrained mine supply supporting prices. Natixis Sticks with $4,600 Gold Target as Central Banks Prepare to Ramp Up Buying
• Neutral Sentiment: Gold is still facing technical resistance and near-term choppiness ahead of Fed minutes and other macro data, which may limit upside until markets get clearer policy signals. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks Trendline at $4,127 as Silver Holds $60.69 Ahead of FOMC — Next Move?
• Neutral Sentiment: Some reports note gold has been retreating or struggling around resistance near $4,200, suggesting volatility could persist even as the broader trend improves. Gold Price Continues Struggle as U.S. ISM Services PMI Falls to 54
• Negative Sentiment: Gold also slipped in early trading as investors waited for Fed minutes and the dollar firmed, showing the ETF can still face short-term pressure from macro uncertainty. Gold Falls as Investors Await Fed Minutes

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD traded down $0.93 during midday trading on Tuesday, hitting $381.20. The company’s stock had a trading volume of 1,414,699 shares, compared to its average volume of 12,994,864. The stock’s 50 day simple moving average is $404.49 and its 200 day simple moving average is $427.13. The stock has a market capitalization of $134.18 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a fifty-two week low of $300.95 and a fifty-two week high of $509.70.

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.