Milestones Private Investment Advisors LLC Sells 1,701 Shares of SPDR Gold Shares $GLD

Milestones Private Investment Advisors LLC cut its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 30.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,850 shares of the exchange traded fund’s stock after selling 1,701 shares during the quarter. SPDR Gold Shares makes up about 1.5% of Milestones Private Investment Advisors LLC’s holdings, making the stock its 26th biggest position. Milestones Private Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $1,657,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GLD. WPG Advisers LLC purchased a new stake in SPDR Gold Shares in the 4th quarter valued at about $25,000. Timmons Wealth Management LLC purchased a new position in shares of SPDR Gold Shares in the 4th quarter worth approximately $26,000. Chapman Financial Group LLC purchased a new position in shares of SPDR Gold Shares in the 2nd quarter worth approximately $26,000. Vestwell Advisors LLC purchased a new position in shares of SPDR Gold Shares in the 3rd quarter worth approximately $27,000. Finally, Eukles Asset Management bought a new position in shares of SPDR Gold Shares in the fourth quarter valued at approximately $27,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Down 2.6%

GLD stock opened at $367.13 on Tuesday. The firm has a market cap of $128.90 billion, a PE ratio of -32.43 and a beta of 0.17. The business has a 50 day moving average of $398.48 and a 200-day moving average of $426.01. SPDR Gold Shares has a 12-month low of $300.95 and a 12-month high of $509.70.

Trending Headlines about SPDR Gold Shares

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

• Neutral Sentiment: Gold’s near-term direction is being driven by a key macro week featuring U.S. CPI, Fed-related commentary, and geopolitical risks around the Strait of Hormuz, all of which could shift rate expectations and demand for safe-haven assets. Gold News: Gold Price Hinges on CPI, Warsh and Hormuz Risks
• Neutral Sentiment: Some analysts argue gold’s longer-term case remains intact even if the U.S. dollar stays strong in the short run, framing recent weakness as a temporary pullback rather than a breakdown in the metal’s reserve-asset appeal. Gold is becoming the reserve asset of the new multipolar world – Sprott’s Paul Wong
• Negative Sentiment: Gold slid to a monthly low as renewed fighting in the U.S.-Iran conflict and rising oil prices increased inflation concerns and supported expectations for tighter-for-longer Fed policy, which tends to weigh on non-yielding gold and GLD. Update: Gold Falls to Monthly Low as Renewed US-Iran Fighting Fuels Inflation Concerns
• Negative Sentiment: Precious metals are weak as traders bet on a hawkish Fed, with gold testing the $4,000 level while oil-driven inflation fears and a stronger dollar continue to pressure prices. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests The $4000 Level

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.