Redhawk Wealth Advisors Inc. Has $48.23 Million Holdings in SPDR Gold Shares $GLD

Redhawk Wealth Advisors Inc. lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 121,708 shares of the exchange traded fund’s stock after selling 11,227 shares during the quarter. SPDR Gold Shares accounts for about 5.4% of Redhawk Wealth Advisors Inc.’s investment portfolio, making the stock its largest holding. Redhawk Wealth Advisors Inc.’s holdings in SPDR Gold Shares were worth $48,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Empirical Asset Management LLC lifted its position in SPDR Gold Shares by 256.7% during the third quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock worth $12,941,000 after purchasing an additional 26,197 shares during the period. Colonial Trust Advisors increased its holdings in SPDR Gold Shares by 7.6% in the 3rd quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock valued at $7,010,000 after buying an additional 1,385 shares during the period. Spirepoint Private Client LLC bought a new position in SPDR Gold Shares in the 3rd quarter valued at about $742,000. FAS Wealth Partners Inc. raised its position in shares of SPDR Gold Shares by 71.1% in the 3rd quarter. FAS Wealth Partners Inc. now owns 20,916 shares of the exchange traded fund’s stock valued at $7,435,000 after buying an additional 8,691 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of SPDR Gold Shares by 19.4% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 36,470 shares of the exchange traded fund’s stock valued at $12,964,000 after buying an additional 5,932 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

Key SPDR Gold Shares News

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

• Positive Sentiment: Weaker U.S. consumer sentiment and rising short?term inflation expectations boosted bullion demand, lifting spot gold and supporting GLD as investors seek inflation protection. Spot gold shoots above $4,550/oz after final Consumer Sentiment falls to 53.3
• Positive Sentiment: Advisors and wealth managers are increasingly positioning clients in gold ETFs as a portfolio diversifier amid record global debt, supporting demand for large funds like GLD. Gold ETFs Gain as Advisors Seek New Diversifiers
• Positive Sentiment: Reports that earlier easing headlines around the U.S.–Iran conflict briefly reduced tail?risk uncertainty encouraged dip?buyers to re-enter the market, helping GLD recover some recent losses. SPDR gold shares surge on supposed easing of US.-Iran conflict
• Neutral Sentiment: Technical traders note a bounce after a test of the 200?day moving average; this can produce short?term rallies but does not guarantee a sustained trend reversal. Gold Rally Builds After 200-Day Test—Are Buyers Targeting $4850.68?
• Negative Sentiment: Macro pressure from a stronger U.S. dollar and higher bond yields—driven by coordinated hawkish central?bank messaging—remains a major drag on gold prices and could limit GLD’s upside. Stocks Swing, Oil Surges, Gold Slumps. How the Iran War Has Moved Markets.
• Negative Sentiment: Sell?side and reserve moves—Turkey’s recent gold sales and signs some central banks are reassessing purchases—add supply-side pressure and reduce a key source of steady demand. Turkey taps its gold reserves, sells 58.4 tonnes of gold in two weeks Gold Falls 15% as Central Banks Reassess $4.3 Trillion Reserves

SPDR Gold Shares Trading Up 3.5%

NYSEARCA GLD opened at $414.70 on Friday. The firm’s 50 day simple moving average is $455.75 and its 200 day simple moving average is $406.44. The firm has a market capitalization of $157.63 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 1 year low of $272.58 and a 1 year 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.