SPDR Gold Shares $GLD Shares Sold by Hollow Brook Wealth Management LLC

Hollow Brook Wealth Management LLC reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 22.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,923 shares of the exchange traded fund’s stock after selling 3,982 shares during the period. SPDR Gold Shares makes up approximately 1.4% of Hollow Brook Wealth Management LLC’s investment portfolio, making the stock its 20th biggest holding. Hollow Brook Wealth Management LLC’s holdings in SPDR Gold Shares were worth $5,518,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC lifted its position in SPDR Gold Shares by 20.4% during the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after purchasing an additional 1,903 shares during the period. Bison Wealth LLC lifted its position in SPDR Gold Shares by 77.8% during the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after purchasing an additional 2,600 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in SPDR Gold Shares during the first quarter valued at $16,014,000. Schnieders Capital Management LLC. lifted its position in SPDR Gold Shares by 4.8% during the second quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock valued at $1,829,000 after purchasing an additional 275 shares during the period. Finally, Prudential Financial Inc. acquired a new position in SPDR Gold Shares during the second quarter valued at $337,000. 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: Gold rallied as the U.S.-Iran truce and the reopening of the Strait of Hormuz helped push oil lower, easing inflation fears and supporting lower Treasury yields. Gold Edges Higher, Extending Gains After U.S.-Iran Ceasefire
• Positive Sentiment: A World Gold Council survey found a record 45% of central banks plan to increase gold holdings, reinforcing the long-term demand backdrop for bullion and GLD. Record 45% of central banks plan increase gold holdings, WGC survey finds
• Positive Sentiment: Gold held near session highs after weak U.S. manufacturing data and higher input costs, which can bolster expectations for eventual Fed easing and support gold-linked ETFs like GLD. Gold prices holding near session highs as Empire State Survey falls to 5.7 in June
• Neutral Sentiment: Several market updates say gold is currently driven by technical recovery levels around support and resistance, suggesting near-term trading may depend on follow-through rather than a single new catalyst. Gold (XAUUSD) & Silver Price Forecast: Truce Stability vs Inflation Pressure Amid Iran-Israel Conflict – Upside Ahead?
• Negative Sentiment: Analysts also note inflation remains a headwind because it can keep rate-cut expectations in check, which may limit additional upside for gold and GLD. Gold and silver rally after Iran-U.S. deal, but face headwinds from rate hike expectations – Heraeus

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $396.55 on Tuesday. The company has a market capitalization of $144.23 billion, a PE ratio of -32.43 and a beta of 0.14. The company has a fifty day moving average of $420.83 and a 200 day moving average of $428.13. SPDR Gold Shares has a 1 year low of $299.89 and a 1 year 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.