Talon Private Wealth LLC Takes Position in SPDR Gold Shares $GLD

Talon Private Wealth LLC purchased a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,586 shares of the exchange traded fund’s stock, valued at approximately $682,000.

Other large investors also recently made changes to their positions in the company. Morgan Stanley grew its position in SPDR Gold Shares by 22.4% in the 4th quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock worth $5,506,229,000 after purchasing an additional 2,539,266 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of SPDR Gold Shares by 571.3% during the 4th quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock worth $1,565,118,000 after buying an additional 3,360,966 shares in the last quarter. Virtu Financial LLC bought a new position in shares of SPDR Gold Shares during the 4th quarter worth approximately $474,952,000. Marino Management LLC bought a new position in shares of SPDR Gold Shares during the 4th quarter worth approximately $438,475,000. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of SPDR Gold Shares by 13.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 938,260 shares of the exchange traded fund’s stock worth $371,842,000 after buying an additional 109,205 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: The Fed’s decision to hold rates steady sparked a relief rally in gold. A less aggressive policy outlook could support non-yielding assets such as gold and GLD, although Fed Chair Kevin Warsh’s guidance remains important. Gold price jumps as Federal Reserve leaves interest rates unchanged
• Positive Sentiment: Retail investors are returning to precious metals after the months-long selloff. The Royal Mint reported recovering bullion demand, particularly for digital silver, signaling that some investors are buying the dip. Retail investors buy the dip as Royal Mint reports solid demand
• Positive Sentiment: Gold is holding above the psychologically important $4,000-per-ounce level and has defended key technical support. A move above nearby resistance could confirm a bullish reversal and provide an additional catalyst for GLD. Gold price forecast: Breakout retest sets stage for next advance
• Positive Sentiment: Ongoing central-bank buying and ETF inflows continue to provide underlying support for gold despite recent weakness. ETF inflows support gold ahead of Fed week

SPDR Gold Shares Stock Up 0.5%

Shares of NYSEARCA GLD opened at $371.08 on Thursday. The company has a market capitalization of $131.21 billion, a PE ratio of -32.43 and a beta of 0.17. The stock’s 50 day moving average price is $385.54 and its 200-day moving average price is $423.10. SPDR Gold Shares has a twelve month low of $300.95 and a twelve month high of $509.70.

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.