HBK Sorce Advisory LLC Sells 1,247 Shares of SPDR Gold Shares $GLD

HBK Sorce Advisory LLC reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 16.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,531 shares of the exchange traded fund’s stock after selling 1,247 shares during the quarter. HBK Sorce Advisory LLC’s holdings in SPDR Gold Shares were worth $2,588,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GLD. Brighton Jones LLC boosted its position in shares of SPDR Gold Shares by 20.4% in the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after acquiring an additional 1,903 shares during the period. Bison Wealth LLC boosted its position in shares of SPDR Gold Shares by 77.8% in the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after acquiring an additional 2,600 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of SPDR Gold Shares in the first quarter valued at approximately $16,014,000. Schnieders Capital Management LLC. boosted its position in shares of SPDR Gold Shares by 4.8% in the second quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock valued at $1,829,000 after acquiring an additional 275 shares during the period. Finally, Prudential Financial Inc. bought a new position in shares of SPDR Gold Shares in the second quarter valued at approximately $337,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $413.82 on Tuesday. SPDR Gold Shares has a 1 year low of $299.89 and a 1 year high of $509.70. The firm has a market cap of $150.51 billion, a PE ratio of -32.43 and a beta of 0.15. The company has a 50 day simple moving average of $428.71 and a two-hundred day simple moving average of $425.39.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Gold ETFs were in focus as ceasefire optimism, a weaker dollar, and cooling oil prices lifted demand for precious metals and supported GLD. Gold ETFs Shine Again as Ceasefire Hopes Lift Market Optimism
• Positive Sentiment: Gold traded higher as the U.S. dollar weakened and investors bet that easing Middle East tensions could pressure oil and support rate-cut expectations, both of which are typically favorable for GLD. Update: Gold Rises as the USD Weakens While U.S. and Iran Talk to End Their War
• Positive Sentiment: Spot gold and silver rallied in early Monday trading as a weaker dollar, lower Treasury-yield expectations, and a sharp drop in crude oil prices improved the outlook for bullion-backed funds like GLD. Gold and silver rally as Hormuz deal hopes sink oil – Kitco AM Report
• Positive Sentiment: Analysts argued the recent gold pullback may reflect temporary forced liquidation rather than a broken bull trend, suggesting the longer-term setup for GLD could remain constructive. Gold’s forced sovereign liquidations could pave the way for the metal’s next great bull run – SPI’s Stephen Innes
• Neutral Sentiment: Russia’s central bank continued trimming its gold reserves, but the move was framed as a sovereign balance-sheet issue rather than a clear near-term demand shock for GLD. Russia’s sovereign gold reserves plunge 5.7 tonnes in April to 24-year low amid mounting deficits
• Negative Sentiment: Gold edged lower later in the session as traders weighed developments around a potential U.S.-Iran deal, showing some profit-taking after the earlier rally and creating modest pressure on GLD. Gold Edges Lower as Traders Weigh U.S.-Iran Deal’s Developments

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.