SPDR Gold Shares $GLD is Cassia Capital Partners LLC’s 2nd Largest Position

Cassia Capital Partners LLC grew its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 26.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,220 shares of the exchange traded fund’s stock after purchasing an additional 9,490 shares during the period. SPDR Gold Shares makes up about 9.7% of Cassia Capital Partners LLC’s holdings, making the stock its 2nd biggest position. Cassia Capital Partners LLC’s holdings in SPDR Gold Shares were worth $17,921,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GLD. Chapman Financial Group LLC purchased a new position in SPDR Gold Shares in the 2nd quarter valued at approximately $26,000. Hopwood Financial Services Inc. bought a new position in shares of SPDR Gold Shares in the third quarter worth $27,000. Vestwell Advisors LLC bought a new position in shares of SPDR Gold Shares in the third quarter worth $27,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of SPDR Gold Shares in the third quarter valued at $31,000. Finally, USA Financial Formulas purchased a new position in shares of SPDR Gold Shares in the fourth quarter valued at $31,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $429.41 on Friday. The business’s fifty day moving average is $454.92 and its 200 day moving average is $408.52. The firm has a market cap of $163.22 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 52-week low of $272.58 and a 52-week high of $509.70.

More SPDR Gold Shares News

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

• Positive Sentiment: Central banks remained net buyers of gold in February, supporting demand for bullion-backed ETFs like GLD. Central banks remain net gold buyers in February despite rising geopolitical
• Positive Sentiment: Major banks and strategists continue to call for medium-term upside in gold on Middle East risk and diversification flows, which supports GLD as a safe?haven holding. Gold set for new highs as Middle East conflict reshapes precious metals outlook, leading bank says
• Positive Sentiment: HSBC strategists reiterated a bullish medium-to-long term view on gold for diversification and safe?haven flows, supporting ETF demand. ‘We remain bullish on gold over the medium to long term’ on diversification, safe-haven flows – HSBC’s Sels and Lu
• Neutral Sentiment: Technical notes: some analysts see support near short- and mid-term moving averages that could trigger a rebound if yields/dollar stabilize; others warn a break below the 50?day MA would extend weakness. Gold (XAU/USD) Price Forecast: Buyers Eye Recovery Above Key Moving Averages
• Neutral Sentiment: ETF industry commentary and long-term ETF lists highlight GLD as a long?term allocation tool despite near?term volatility. 5 Good ETFs to Buy and Hold for the Long Term
• Negative Sentiment: Dollar strength and a rise in Treasury yields have pressured gold prices intraday, reducing demand for GLD as investors favor cash and rates-sensitive assets. Update: Gold Falls as the Dollar Rises After Trump Threatens to Escalate Attacks on Iran
• Negative Sentiment: Comments from U.S. leadership suggesting a longer, tougher Iran campaign relieved some immediate safe?haven demand and sparked profit?taking across metals and miners, amplifying pressure on GLD. Hochschild and Fresnillo slip as gold price knocked by Trump speech on Iran
• Negative Sentiment: Analysts warn that rising yields approaching key thresholds (near 5%) could tighten financial conditions and cap gold’s upside until rates stabilize. The 5% Yield Level Could Change Everything

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.