SPDR Gold Shares $GLD Position Reduced by Granite Bay Wealth Management LLC

Granite Bay Wealth Management LLC trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 23.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,731 shares of the exchange traded fund’s stock after selling 5,791 shares during the quarter. SPDR Gold Shares makes up approximately 1.7% of Granite Bay Wealth Management LLC’s portfolio, making the stock its 20th largest position. Granite Bay Wealth Management LLC’s holdings in SPDR Gold Shares were worth $8,054,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in GLD. Osprey Private Wealth LLC raised its holdings in shares of SPDR Gold Shares by 10.3% during the first quarter. Osprey Private Wealth LLC now owns 800 shares of the exchange traded fund’s stock valued at $344,000 after acquiring an additional 75 shares during the period. OMC Financial Services LTD boosted its stake in SPDR Gold Shares by 2.5% in the 1st quarter. OMC Financial Services LTD now owns 34,804 shares of the exchange traded fund’s stock worth $14,976,000 after purchasing an additional 842 shares during the period. Arbor Capital Management Inc. ADV boosted its stake in SPDR Gold Shares by 103.7% in the 1st quarter. Arbor Capital Management Inc. ADV now owns 1,043 shares of the exchange traded fund’s stock worth $454,000 after purchasing an additional 531 shares during the period. Cedar Mountain Advisors LLC grew its position in SPDR Gold Shares by 8.3% during the 1st quarter. Cedar Mountain Advisors LLC now owns 442 shares of the exchange traded fund’s stock worth $190,000 after purchasing an additional 34 shares in the last quarter. Finally, Carmel Capital Partners LLC purchased a new position in SPDR Gold Shares during the 1st quarter worth approximately $245,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: Central-bank buying continues to provide a floor for gold, with Poland adding 82 tons and other major buyers said to be “buying the dip,” reinforcing long-term demand for the metal. Poland Buys 82 Tons of Gold as Prices Fall Over 10%
• Positive Sentiment: Some traders see gold carving out a bottom after last month’s selloff, and several forecasts say renewed support above the $4,000–$4,100 area could help bulls regain momentum if inflation data or broader risk sentiment turns favorable. Gold struggles around $4,100 as markets await CPI and Warsh’s Capitol Hill debut
• Neutral Sentiment: Technical analysts say GLD is at a key inflection point, with gold testing trend resistance after a sharp correction; the next move depends on whether buyers can reclaim critical chart levels. Gold (XAU/USD) Price Forecast: Can Bulls Reclaim Critical Trend Resistance?
• Neutral Sentiment: Gold is also being capped by rising yields and dollar strength, which have weighed on the metal through much of the week and kept ETF sentiment cautious. Gold Defends $4,000 Level as Strong Dollar Caps Gains
• Negative Sentiment: Recent reports highlight that gold moved lower as Treasury yields rose, signaling continued headwinds for GLD if real rates stay elevated and investors keep rotating out of defensive assets. Update: Gold Moves Lower as Treasury Yields Rise

SPDR Gold Shares Stock Down 0.3%

Shares of NYSEARCA:GLD opened at $377.01 on Friday. The company’s fifty day moving average is $399.61 and its two-hundred day moving average is $426.21. The company has a market cap of $132.22 billion, a P/E ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a 12-month low of $300.95 and a 12-month high of $509.70.

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.