Meridian Wealth Management LLC Raises Stock Holdings in SPDR Gold Shares $GLD

Meridian Wealth Management LLC increased its position in SPDR Gold Shares (NYSEARCA:GLD) by 14.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 72,710 shares of the exchange traded fund’s stock after buying an additional 9,013 shares during the period. SPDR Gold Shares comprises approximately 1.0% of Meridian Wealth Management LLC’s investment portfolio, making the stock its 18th biggest holding. Meridian Wealth Management LLC’s holdings in SPDR Gold Shares were worth $28,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GLD. Brighton Jones LLC raised its stake in SPDR Gold Shares by 20.4% in the 4th 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 last quarter. Bison Wealth LLC raised its stake in SPDR Gold Shares by 77.8% in the 4th 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in SPDR Gold Shares in the 1st quarter worth $16,014,000. Schnieders Capital Management LLC. raised its stake in SPDR Gold Shares by 4.8% in the 2nd 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 last quarter. Finally, Prudential Financial Inc. purchased a new position in SPDR Gold Shares in the 2nd quarter worth $337,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Gold ETFs saw fresh inflows even as inflation risks remained elevated, suggesting ongoing investor demand for gold exposure. Global gold ETFs see fresh inflows despite rising inflation risks
• Positive Sentiment: Gold prices held firm and briefly pushed higher as Iran-related uncertainty and broader inflation concerns kept support under the metal. Gold prices gain on Iran optimism despite India import issues, silver producers see strong output in 2026 – Heraeus
• Positive Sentiment: Gold recovered as lower yields and softer oil prices improved the near-term backdrop for precious metals ahead of inflation data. Gold News: Gold Price Eyes Breakout as CPI Inflation Data Looms
• Neutral Sentiment: Gold was steady after the U.S. rejected Iran’s peace demands, indicating mixed but not strongly directional safe-haven trading. Update: Gold Steady as the U.S. Dismisses Iran’s Peace Demands
• Neutral Sentiment: Spot gold remained elevated after modest U.S. existing-home sales data, reflecting a market still focused on macro drivers rather than a single catalyst. Spot gold at $4,730/oz after U.S. existing-home sales rise 0.2% in April
• Negative Sentiment: Rising crude prices have reignited inflation worries, lifting yields and pressuring gold’s breakout attempt. Gold News: Rising Crude Prices Threaten Gold Breakout Attempt
• Negative Sentiment: Gold fell on renewed inflation concerns tied to higher oil prices, which can weigh on GLD by boosting real-rate expectations. Gold Falls on Renewed Inflation Concerns
• Negative Sentiment: Short-term safe-haven demand eased as the ceasefire held, leaving gold testing support levels rather than extending higher. Gold (XAUUSD) & Silver Price Forecast: Ceasefire Holds — Gold Tests $4,665 Support, Silver Eyes $82 Breakout?

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $434.65 on Tuesday. The stock has a 50-day simple moving average of $439.65 and a two-hundred day simple moving average of $421.85. The firm has a market capitalization of $158.08 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a fifty-two week low of $291.78 and a fifty-two week high of $509.70.

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.