SPDR Gold Shares $GLD Shares Sold by Legacy Wealth Partners LLC

Legacy Wealth Partners LLC lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 70.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,043 shares of the exchange traded fund’s stock after selling 9,864 shares during the period. Legacy Wealth Partners LLC’s holdings in SPDR Gold Shares were worth $1,740,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GLD. WPG Advisers LLC purchased a new stake in SPDR Gold Shares during the fourth quarter worth $25,000. Timmons Wealth Management LLC acquired a new stake in SPDR Gold Shares in the fourth quarter valued at $26,000. Chapman Financial Group LLC purchased a new position in shares of SPDR Gold Shares in the second quarter valued at $26,000. Vestwell Advisors LLC purchased a new position in shares of SPDR Gold Shares in the third quarter valued at $27,000. Finally, Eukles Asset Management acquired a new position in shares of SPDR Gold Shares during the 4th quarter worth $27,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Gold is being viewed by some portfolio managers as an attractive buying opportunity after its recent pullback, with de-dollarization trends still seen as supportive over the longer term. Gold’s pullback creates attractive entry as de-dollarization turns structural – KMLM’s Prior
• Positive Sentiment: China’s gold imports jumped to a 26-month high in May, suggesting physical demand remains strong even after the recent price decline. China gold imports hit 26-month high in May, up 76% YTD
• Neutral Sentiment: Gold briefly bounced from session lows after better-than-expected U.S. PMI data, showing that the metal is still reacting quickly to macroeconomic releases. Spot gold rises from session lows as flash S&P composite PMI improves to 52.2
• Negative Sentiment: Gold has been falling for multiple sessions as the dollar strengthens and rate-hike fears rise, pressuring GLD lower. Gold and silver tumble as rate-hike fears hit precious metals
• Negative Sentiment: Deutsche Bank and BMO both trimmed gold forecasts, citing weaker investor demand and the Fed’s hawkish shift, which could keep GLD under pressure near term. BMO cuts gold price forecast as Fed’s hawkish shift weighs on precious metals Deutsche Bank cuts 2026 gold price targets to $4,300/oz for Q3, $4,800/oz in Q4 as investor demand drops

SPDR Gold Shares Stock Down 1.9%

SPDR Gold Shares stock opened at $377.32 on Wednesday. SPDR Gold Shares has a 52 week low of $299.89 and a 52 week high of $509.70. The firm’s 50-day simple moving average is $415.31 and its 200 day simple moving average is $428.16. The firm has a market capitalization of $137.23 billion, a PE ratio of -32.43 and a beta of 0.14.

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.