Ferguson Wellman Capital Management Inc. Invests $1.48 Million in SPDR Gold Shares $GLD

Ferguson Wellman Capital Management Inc. purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,430 shares of the exchange traded fund’s stock, valued at approximately $1,476,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. WPG Advisers LLC acquired a new position in shares of SPDR Gold Shares during the fourth quarter valued at about $25,000. Timmons Wealth Management LLC bought a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $26,000. Chapman Financial Group LLC acquired a new stake in SPDR Gold Shares during the second quarter worth about $26,000. Vestwell Advisors LLC acquired a new stake in SPDR Gold Shares during the third quarter worth about $27,000. Finally, Eukles Asset Management bought a new position in SPDR Gold Shares during the fourth quarter valued at about $27,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Central-bank buying continues to provide a floor for gold, with Poland adding 82 tons and other major buyers said to be “buying the dip,” reinforcing long-term demand for the metal. Poland Buys 82 Tons of Gold as Prices Fall Over 10%
• Positive Sentiment: Some traders see gold carving out a bottom after last month’s selloff, and several forecasts say renewed support above the $4,000–$4,100 area could help bulls regain momentum if inflation data or broader risk sentiment turns favorable. Gold struggles around $4,100 as markets await CPI and Warsh’s Capitol Hill debut
• Neutral Sentiment: Technical analysts say GLD is at a key inflection point, with gold testing trend resistance after a sharp correction; the next move depends on whether buyers can reclaim critical chart levels. Gold (XAU/USD) Price Forecast: Can Bulls Reclaim Critical Trend Resistance?
• Neutral Sentiment: Gold is also being capped by rising yields and dollar strength, which have weighed on the metal through much of the week and kept ETF sentiment cautious. Gold Defends $4,000 Level as Strong Dollar Caps Gains
• Negative Sentiment: Recent reports highlight that gold moved lower as Treasury yields rose, signaling continued headwinds for GLD if real rates stay elevated and investors keep rotating out of defensive assets. Update: Gold Moves Lower as Treasury Yields Rise

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $377.01 on Monday. The business has a 50 day moving average price of $399.61 and a two-hundred day moving average price of $426.34. The stock has a market cap of $132.37 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a 12 month low of $300.95 and a 12 month 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.