J. Safra Sarasin Holding AG Has $4.73 Million Stock Holdings in SPDR Gold Shares $GLD

J. Safra Sarasin Holding AG lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 49.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,079 shares of the exchange traded fund’s stock after selling 10,849 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in SPDR Gold Shares were worth $4,726,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Lifeworks Advisors LLC increased its holdings in SPDR Gold Shares by 23.9% in the first quarter. Lifeworks Advisors LLC now owns 32,836 shares of the exchange traded fund’s stock valued at $14,129,000 after purchasing an additional 6,329 shares during the last quarter. Procyon Advisors LLC boosted its holdings in SPDR Gold Shares by 7.0% during the first quarter. Procyon Advisors LLC now owns 10,833 shares of the exchange traded fund’s stock worth $4,661,000 after buying an additional 705 shares during the last quarter. Avion Wealth boosted its holdings in SPDR Gold Shares by 3.5% during the first quarter. Avion Wealth now owns 13,648 shares of the exchange traded fund’s stock worth $5,872,000 after buying an additional 458 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of SPDR Gold Shares by 1.4% during the 1st quarter. International Assets Investment Management LLC now owns 10,887 shares of the exchange traded fund’s stock worth $4,765,000 after buying an additional 155 shares during the period. Finally, Trifecta Capital Advisors LLC grew its position in shares of SPDR Gold Shares by 9.8% during the 1st quarter. Trifecta Capital Advisors LLC now owns 2,912 shares of the exchange traded fund’s stock worth $1,253,000 after buying an additional 260 shares during the period. 42.19% of the stock is currently owned by institutional investors.

Key Headlines Impacting SPDR Gold Shares

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

• Neutral Sentiment: Gold’s near-term direction is being driven by a key macro week featuring U.S. CPI, Fed-related commentary, and geopolitical risks around the Strait of Hormuz, all of which could shift rate expectations and demand for safe-haven assets. Gold News: Gold Price Hinges on CPI, Warsh and Hormuz Risks
• Neutral Sentiment: Some analysts argue gold’s longer-term case remains intact even if the U.S. dollar stays strong in the short run, framing recent weakness as a temporary pullback rather than a breakdown in the metal’s reserve-asset appeal. Gold is becoming the reserve asset of the new multipolar world – Sprott’s Paul Wong
• Negative Sentiment: Gold slid to a monthly low as renewed fighting in the U.S.-Iran conflict and rising oil prices increased inflation concerns and supported expectations for tighter-for-longer Fed policy, which tends to weigh on non-yielding gold and GLD. Update: Gold Falls to Monthly Low as Renewed US-Iran Fighting Fuels Inflation Concerns
• Negative Sentiment: Precious metals are weak as traders bet on a hawkish Fed, with gold testing the $4,000 level while oil-driven inflation fears and a stronger dollar continue to pressure prices. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests The $4000 Level

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $367.13 on Tuesday. The company has a market capitalization of $128.90 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. The firm’s 50 day simple moving average is $398.48 and its 200 day simple moving average is $426.01. SPDR Gold Shares has a fifty-two week low of $300.95 and a fifty-two week high of $509.70.

SPDR Gold Shares Company 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.