SPDR Gold Shares $GLD Shares Sold by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. trimmed its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 17.2% in the 1st quarter, HoldingsChannel reports. The firm owned 34,155 shares of the exchange traded fund’s stock after selling 7,118 shares during the quarter. SPDR Gold Shares makes up about 1.1% of Levin Capital Strategies L.P.’s portfolio, making the stock its 29th biggest position. Levin Capital Strategies L.P.’s holdings in SPDR Gold Shares were worth $14,697,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. WPG Advisers LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter worth approximately $25,000. Timmons Wealth Management LLC purchased a new stake in shares of SPDR Gold Shares in the 4th quarter valued at approximately $26,000. Chapman Financial Group LLC acquired a new position in SPDR Gold Shares in the 2nd quarter worth approximately $26,000. Eukles Asset Management acquired a new position in SPDR Gold Shares in the 4th quarter worth approximately $27,000. Finally, Private Wealth Management Group LLC purchased a new position in SPDR Gold Shares during the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares News Summary

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

• Positive Sentiment: Gold climbed to a two-week high as a softer dollar helped lift bullion, giving GLD a direct tailwind as the ETF tracks spot gold prices. Update: Gold Rises to Two-Week High as Weaker Dollar Boosts Prices
• Positive Sentiment: Gold rallied above $4,120 and approached $4,160 as technical buying and defensive demand outweighed higher Treasury yields and firmer crude oil, signaling improving near-term momentum for bullion-backed funds like GLD. Gold rallies as buyers test $4,160, oil lifts yields – Kitco PM Report
• Positive Sentiment: Several analysts said gold has broken key technical resistance and could have more upside if it clears the next resistance zone near $4,203, reinforcing bullish sentiment around GLD. Gold (XAU/USD) Price Forecast: Breakout Opens the Door to Higher Targets
• Positive Sentiment: Investor commentary from John Paulson and others highlighted a long-term bull case for gold, with central bank buying and broader private demand seen as structural support for bullion prices. John Paulson says we are in the early stages of a long-term bull market for gold
• Neutral Sentiment: Some reports noted that geopolitical tensions, rising rates, and higher yields are still conflicting forces, so GLD’s near-term path may depend on whether safe-haven buying continues to outweigh macro headwinds. Rising economic fears weakening inflation’s stranglehold on gold prices – CRU

SPDR Gold Shares Stock Up 1.1%

Shares of SPDR Gold Shares stock opened at $379.12 on Thursday. SPDR Gold Shares has a 12 month low of $300.95 and a 12 month high of $509.70. The stock has a market cap of $133.07 billion, a PE ratio of -32.43 and a beta of 0.17. The business has a fifty day simple moving average of $390.21 and a 200-day simple moving average of $424.38.

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.