Pinkerton Wealth LLC Has $54.22 Million Stock Holdings in SPDR Gold Shares $GLD

Pinkerton Wealth LLC reduced its stake in SPDR Gold Shares (NYSEARCA:GLD) by 5.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 136,814 shares of the exchange traded fund’s stock after selling 8,185 shares during the period. SPDR Gold Shares makes up approximately 5.5% of Pinkerton Wealth LLC’s portfolio, making the stock its biggest position. Pinkerton Wealth LLC’s holdings in SPDR Gold Shares were worth $54,221,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in GLD. Brighton Jones LLC boosted its holdings in shares of SPDR Gold Shares by 20.4% in the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after acquiring an additional 1,903 shares during the period. Bison Wealth LLC boosted its holdings in shares of SPDR Gold Shares by 77.8% in the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after acquiring an additional 2,600 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of SPDR Gold Shares in the first quarter worth $16,014,000. Schnieders Capital Management LLC. boosted its holdings in shares of SPDR Gold Shares by 4.8% in the second quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock worth $1,829,000 after acquiring an additional 275 shares during the period. Finally, Prudential Financial Inc. bought a new position in shares of SPDR Gold Shares in the second quarter worth $337,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares News Summary

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

• Positive Sentiment: Gold prices strengthened as Treasury yields eased and the dollar declined, improving sentiment for gold-backed assets like SPDR Gold Shares (GLD). Update: Gold Trading Higher as Yields and the Dollar Decline
• Positive Sentiment: Gold also got a lift from falling Treasury yields and weaker oil prices, which helped revive demand for precious metals. Gold, silver rebound as yields ease, Hormuz risk premium narrows – Kitco AM Report
• Positive Sentiment: Some analysts remain constructive on gold over the medium term, citing central-bank buying and expectations that the broader bull market will resume after the recent consolidation. Gold remains a tactical long-term asset, but Bitcoin is undervalued right now – ReSolve Asset Management
• Neutral Sentiment: Technical traders say gold is still in a short-term corrective phase, with prices testing support zones and key moving averages before any stronger rebound. Gold (XAU/USD) Price Forecast: Bearish Correction Tests Key Support Zones
• Neutral Sentiment: Several notes warn that gold remains vulnerable after breaking below key technical levels, with rising bond yields and inflation concerns still creating headwinds. Gold price faces downside risk on break of 200-DMA and $4,350 critical support – Societe Generale
• Negative Sentiment: Gold has recently faced pressure from a surge in Treasury yields and a firmer dollar, which weighed on the metal and likely offset some of the ETF’s safe-haven appeal. Gold and Silver Technical Analysis: Treasury Yield Surge Pressures Metals

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $417.40 on Thursday. SPDR Gold Shares has a one year low of $299.89 and a one year high of $509.70. The business has a fifty day moving average price of $432.24 and a 200-day moving average price of $424.37. The firm has a market capitalization of $151.81 billion, a P/E ratio of -32.43 and a beta of 0.15.

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.