SPDR Gold Shares $GLD Shares Bought by Sugar Maple Asset Management LLC

Sugar Maple Asset Management LLC lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,356 shares of the exchange traded fund’s stock after acquiring an additional 1,710 shares during the quarter. SPDR Gold Shares makes up 9.5% of Sugar Maple Asset Management LLC’s holdings, making the stock its biggest holding. Sugar Maple Asset Management LLC’s holdings in SPDR Gold Shares were worth $15,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Corient Private Wealth LLC raised its holdings in SPDR Gold Shares by 571.3% during the 4th quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock worth $1,565,118,000 after purchasing an additional 3,360,966 shares during the last quarter. Morgan Stanley boosted its stake in shares of SPDR Gold Shares by 22.4% in the 4th quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock valued at $5,506,229,000 after purchasing an additional 2,539,266 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at $556,282,000. Virtu Financial LLC bought a new stake in shares of SPDR Gold Shares in the 4th quarter valued at $474,952,000. Finally, Marino Management LLC acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth $438,475,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 1.1%

Shares of NYSEARCA GLD opened at $373.63 on Friday. SPDR Gold Shares has a twelve month low of $299.89 and a twelve month high of $509.70. The firm has a fifty day simple moving average of $411.07 and a 200 day simple moving average of $427.51. The company has a market capitalization of $135.89 billion, a PE ratio of -32.43 and a beta of 0.14.

Key SPDR Gold Shares News

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

• Positive Sentiment: Gold gained ground as the U.S. dollar pulled back from recent highs and Treasury yields eased, helping precious metals recover from pressure. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Dollar Moves Away From Yearly Highs
• Positive Sentiment: Gold found support around the key $4,000 level and bounced as traders bought the dip after recent weakness. Gold Price Analysis – Gold Attempting to Bounce from $4000 Region
• Positive Sentiment: Weaker inflation expectations and slightly better consumer sentiment supported a move higher in spot gold during Friday trading. Spot gold hits session high near 4080/oz after final Consumer Sentiment rises to 49.5, one-year and long-term inflation expectations ease
• Neutral Sentiment: Some analysts still see gold’s longer-term structure as constructive, supported by central bank buying and continued industrial demand in related metals. Gold (XAUUSD) & Silver Price Forecast: Gold Retests $4,010 as Silver Breaks $56.50 Amid Ceasefire — Bearish Turn?
• Negative Sentiment: Multiple market reports warned that gold remains under pressure from a strong dollar, hawkish Fed expectations, and resilient U.S. data, with some analysts calling for deeper downside. Gold (XAU/USD) Price Forecast: Trendline Break Signals Bearish Extension
• Negative Sentiment: Other commentary suggested gold could still fall further, with prices struggling below $4,000 and bearish outlooks pointing to continued downside if support fails. Gold Declines; Prices Could Have Further to Fall

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.