Revere Asset Management Inc Purchases New Position in SPDR Gold Shares $GLD

Revere Asset Management Inc purchased a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 46,420 shares of the exchange traded fund’s stock, valued at approximately $18,397,000. SPDR Gold Shares comprises approximately 6.5% of Revere Asset Management Inc’s holdings, making the stock its 6th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Seaview Investment Managers LLC raised its position in SPDR Gold Shares by 120.3% during the fourth quarter. Seaview Investment Managers LLC now owns 12,862 shares of the exchange traded fund’s stock valued at $5,097,000 after purchasing an additional 7,024 shares during the period. Cary Street Partners Financial LLC raised its position in SPDR Gold Shares by 6.8% during the fourth quarter. Cary Street Partners Financial LLC now owns 25,604 shares of the exchange traded fund’s stock valued at $10,147,000 after purchasing an additional 1,628 shares during the period. Arnhold LLC raised its position in SPDR Gold Shares by 3.4% during the fourth quarter. Arnhold LLC now owns 504,433 shares of the exchange traded fund’s stock valued at $199,912,000 after purchasing an additional 16,558 shares during the period. Blue Bell Private Wealth Management LLC raised its position in SPDR Gold Shares by 5.0% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 3,959 shares of the exchange traded fund’s stock valued at $1,569,000 after purchasing an additional 188 shares during the period. Finally, GatePass Capital LLC raised its position in SPDR Gold Shares by 51.3% during the fourth quarter. GatePass Capital LLC now owns 911 shares of the exchange traded fund’s stock valued at $361,000 after purchasing an additional 309 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD 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 stock’s 50 day simple moving average is $428.71 and its two-hundred day simple moving average is $425.39. The company has a market cap of $150.51 billion, a PE ratio of -32.43 and a beta of 0.15.

Key SPDR Gold Shares News

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.