TSP Capital Management Group LLC Sells 20,055 Shares of SPDR Gold Shares $GLD

TSP Capital Management Group LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 49.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,414 shares of the exchange traded fund’s stock after selling 20,055 shares during the quarter. SPDR Gold Shares makes up about 2.1% of TSP Capital Management Group LLC’s investment portfolio, making the stock its 21st biggest position. TSP Capital Management Group LLC’s holdings in SPDR Gold Shares were worth $8,784,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Corient Private Wealth LLC grew its position in shares of SPDR Gold Shares by 571.3% during the fourth quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock valued at $1,565,118,000 after purchasing an additional 3,360,966 shares in the last quarter. Morgan Stanley grew its holdings in SPDR Gold Shares by 22.4% during the 4th quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock valued at $5,506,229,000 after buying an additional 2,539,266 shares in the last quarter. Bank of Montreal Can bought a new stake in SPDR Gold Shares in the 3rd quarter worth approximately $556,282,000. Virtu Financial LLC purchased a new stake in shares of SPDR Gold Shares during the 4th quarter worth approximately $474,952,000. Finally, Marino Management LLC purchased a new stake in shares of SPDR Gold Shares during the 4th quarter worth approximately $438,475,000. 42.19% of the stock is currently 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: Gold is finding support from weaker-than-expected U.S. labor data, softer ISM manufacturing readings, and fresh buying interest ahead of the June jobs report, which could help stabilize GLD if rate-cut expectations improve. Gold trades near session highs after ADP says net 98K jobs were added in June
• Positive Sentiment: Multiple analysts and industry reports remain constructive on gold’s longer-term outlook, pointing to continued central-bank demand and safe-haven buying as reasons the recent decline could prove temporary. These are the key factors that could restart the gold rally this year, or drive prices even lower – World Gold Council H2 Outlook
• Positive Sentiment: Some commentary says gold may be nearing a technical bottom after defending key support levels around the $4,000 area, which could help GLD if buyers continue to step in on dips. Gold (XAU/USD) Price Forecast: Bullish Hammer Signals Potential Bottom
• Neutral Sentiment: Several pieces focus on GLD as a portfolio vehicle, including a reminder that the ETF offers direct gold exposure but carries a 0.40% expense ratio, which may matter more for long-term holders than for near-term traders. GLD’s 0.40% Fee Quietly Costs You $40 Per Year on Every $10,000 While Cheaper Rivals Charge Half
• Neutral Sentiment: Bearish market commentary notes that gold remains in a downtrend or consolidation zone after a steep June decline, suggesting GLD could stay volatile until macro data shifts the rate outlook. Gold (XAU/USD) Price Forecast: Downtrend Holds Amid Resistance Test
• Neutral Sentiment: Other reports say gold is still trading weak after its worst quarter in years, but some strategists argue the selloff may be overdone and that central-bank demand still supports the long-term case for GLD. Gold prices fall further after worst quarter in 13 years as interest rate fears hit bullion

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $370.60 on Thursday. The stock has a 50 day moving average price of $406.66 and a 200-day moving average price of $427.37. SPDR Gold Shares has a one year low of $300.95 and a one year high of $509.70. The company has a market capitalization of $130.45 billion, a P/E ratio of -32.43 and a beta of 0.17.

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.