Trek Financial LLC Lowers Stake in SPDR Gold Shares $GLD

Trek Financial LLC lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 58.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,344 shares of the exchange traded fund’s stock after selling 18,410 shares during the period. Trek Financial LLC’s holdings in SPDR Gold Shares were worth $5,288,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC raised its stake in shares of SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after acquiring an additional 1,903 shares in the last quarter. Bison Wealth LLC raised its stake in shares of SPDR Gold Shares by 77.8% during the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after acquiring an additional 2,600 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of SPDR Gold Shares during the 1st quarter worth approximately $16,014,000. Schnieders Capital Management LLC. raised its stake in shares of SPDR Gold Shares by 4.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock worth $1,829,000 after acquiring an additional 275 shares in the last quarter. Finally, Prudential Financial Inc. bought a new position in shares of SPDR Gold Shares during the 2nd quarter worth approximately $337,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.2%

NYSEARCA GLD opened at $434.65 on Tuesday. The firm has a market cap of $158.08 billion, a PE ratio of -32.43 and a beta of 0.15. The company has a 50 day moving average price of $439.65 and a 200 day moving average price of $421.85. SPDR Gold Shares has a 52 week low of $291.78 and a 52 week high of $509.70.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Global gold ETFs saw fresh inflows, suggesting investors are still adding exposure to bullion even with inflation risks rising. Global gold ETFs see fresh inflows despite rising inflation risks
• Positive Sentiment: Reports that U.S. gold exports surged as metal leaves Wall Street vaults to satisfy China’s strong demand point to tight physical supply and supportive global buying trends. U.S. gold exports surge 285% as Wall Street drains vaults to feed China’s generational gold rush
• Positive Sentiment: Gold remained elevated near record territory in several market updates, helped by central bank demand, safe-haven interest, and positioning-related buying. Gold (XAUUSD) & Silver Price Forecast: Ceasefire Holds — Gold Tests $4,700 Support, Silver Hits $84.10 — Next Break?
• Neutral Sentiment: Some articles noted gold holding steady or trading around key support as ceasefire progress reduced safe-haven demand, which may cap upside in the short term. Gold (XAUUSD) & Silver Price Forecast: Ceasefire Holds — Gold Tests $4,665 Support, Silver Eyes $82 Breakout?
• Neutral Sentiment: Traders are waiting for U.S. inflation data and watching oil and Treasury yields, which could drive the next move in gold and, by extension, GLD. Gold News: Gold Price Eyes Breakout as CPI Inflation Data Looms
• Negative Sentiment: Gold has also faced pressure at times from rising crude oil prices and renewed inflation concerns, which can strengthen yields and make the metal less attractive in the near term. Gold Falls on Renewed Inflation Concerns
• Negative Sentiment: One report said jewelry demand fell sharply as high gold prices curbed consumer buying, highlighting a potential demand headwind if prices stay elevated. Gold prices reshape engagement ring market as jewellery demand slumps

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.