Union Bancaire Privee UBP SA Lowers Position in SPDR Gold Shares $GLD

Union Bancaire Privee UBP SA trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD) by 59.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,123 shares of the exchange traded fund’s stock after selling 90,867 shares during the period. Union Bancaire Privee UBP SA’s holdings in SPDR Gold Shares were worth $25,035,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GLD. Jim Saulnier & Associates LLC bought a new position in shares of SPDR Gold Shares in the 1st quarter worth $213,000. Sterling Capital Management LLC grew its position in SPDR Gold Shares by 20.5% in the first quarter. Sterling Capital Management LLC now owns 675 shares of the exchange traded fund’s stock worth $290,000 after acquiring an additional 115 shares in the last quarter. FLP Wealth Management LLC grew its position in SPDR Gold Shares by 0.8% in the first quarter. FLP Wealth Management LLC now owns 16,781 shares of the exchange traded fund’s stock worth $7,221,000 after acquiring an additional 136 shares in the last quarter. Creative Capital Management Investments LLC grew its position in SPDR Gold Shares by 40.1% in the first quarter. Creative Capital Management Investments LLC now owns 381 shares of the exchange traded fund’s stock worth $164,000 after acquiring an additional 109 shares in the last quarter. Finally, River Street Advisors LLC increased its stake in SPDR Gold Shares by 18.3% in the first quarter. River Street Advisors LLC now owns 1,036 shares of the exchange traded fund’s stock valued at $446,000 after acquiring an additional 160 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 1.1%

Shares of SPDR Gold Shares stock opened at $373.63 on Friday. The firm has a market capitalization of $135.89 billion, a PE ratio of -32.43 and a beta of 0.14. SPDR Gold Shares has a 12 month low of $299.89 and a 12 month high of $509.70. The business’s 50-day moving average price is $411.07 and its 200-day moving average price is $427.51.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Gold gained ground as the U.S. dollar pulled back from recent highs and Treasury yields eased, helping precious metals recover from pressure. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Dollar Moves Away From Yearly Highs
• Positive Sentiment: Gold found support around the key $4,000 level and bounced as traders bought the dip after recent weakness. Gold Price Analysis – Gold Attempting to Bounce from $4000 Region
• Positive Sentiment: Weaker inflation expectations and slightly better consumer sentiment supported a move higher in spot gold during Friday trading. Spot gold hits session high near 4080/oz after final Consumer Sentiment rises to 49.5, one-year and long-term inflation expectations ease
• Neutral Sentiment: Some analysts still see gold’s longer-term structure as constructive, supported by central bank buying and continued industrial demand in related metals. Gold (XAUUSD) & Silver Price Forecast: Gold Retests $4,010 as Silver Breaks $56.50 Amid Ceasefire — Bearish Turn?
• Negative Sentiment: Multiple market reports warned that gold remains under pressure from a strong dollar, hawkish Fed expectations, and resilient U.S. data, with some analysts calling for deeper downside. Gold (XAU/USD) Price Forecast: Trendline Break Signals Bearish Extension
• Negative Sentiment: Other commentary suggested gold could still fall further, with prices struggling below $4,000 and bearish outlooks pointing to continued downside if support fails. Gold Declines; Prices Could Have Further to Fall

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.