FAS Wealth Partners Inc. Acquires 7,341 Shares of SPDR Gold Shares $GLD

FAS Wealth Partners Inc. lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 29.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,165 shares of the exchange traded fund’s stock after acquiring an additional 7,341 shares during the period. FAS Wealth Partners Inc.’s holdings in SPDR Gold Shares were worth $13,840,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. WPG Advisers LLC purchased a new position in SPDR Gold Shares in the 4th quarter worth approximately $25,000. Timmons Wealth Management LLC purchased a new stake in SPDR Gold Shares during the 4th quarter valued at approximately $26,000. Chapman Financial Group LLC purchased a new stake in SPDR Gold Shares during the 2nd quarter valued at approximately $26,000. Eukles Asset Management bought a new stake in shares of SPDR Gold Shares during the fourth quarter valued at approximately $27,000. Finally, Private Wealth Management Group LLC bought a new stake in shares of SPDR Gold Shares during the first quarter valued at approximately $30,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD stock opened at $371.54 on Monday. SPDR Gold Shares has a one year low of $302.86 and a one year high of $509.70. The company’s fifty day moving average price is $383.90 and its 200-day moving average price is $422.48. The company has a market capitalization of $131.38 billion, a PE ratio of -32.43 and a beta of 0.17.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: The World Gold Council reported stronger central-bank gold purchases in the second quarter, while Asian buying remained resilient. This provides a constructive long-term demand backdrop for GLD. Gold, Silver Price Forecast: World Gold Council Reports Strong Central Bank Buying
• Positive Sentiment: Analysts increasingly view gold near $4,000 as an attractive value level, suggesting solid technical and investor support despite the Federal Reserve’s tightening bias. Gold has value at $4,000 as investors look beyond Fed hawkishness
• Neutral Sentiment: Gold remains confined to roughly the $4,000–$4,200 range, with traders awaiting clearer signals on Middle East developments and interest rates. The consolidation limits near-term direction for GLD. Gold Weekly Price Analysis
• Neutral Sentiment: Institutional investor Alexander Labrunerie & Co. increased its GLD holdings by 19.1% in the first quarter. The purchase is supportive but relatively small compared with the ETF’s overall asset base. Alexander Labrunerie & Co. Acquires Shares of SPDR Gold Shares
• Negative Sentiment: Thirty-year Treasury yields climbed to levels last seen in 2007. Higher yields increase the opportunity cost of holding non-yielding gold and are the main immediate pressure on GLD. Gold Pulls Back as Treasury Yields Test New Highs
• Negative Sentiment: U.S. consumer sentiment improved more than expected while one-year inflation expectations eased. The combination reduced near-term demand for gold as an inflation hedge and pushed spot gold toward session lows. Spot Gold Near Session Lows After Consumer Sentiment Data
• Negative Sentiment: The Fed’s recent “hawkish hold” continues to keep rate-cut expectations uncertain, while firm yields and a stronger dollar have capped gold’s rebound. Analysts expect precious metals to remain range-bound until greater policy clarity emerges. Fed’s Hawkish Hold Stabilizes Gold and Silver

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.