Northwest Financial Advisors reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 48.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,631 shares of the exchange traded fund’s stock after selling 1,559 shares during the period. SPDR Gold Shares accounts for approximately 1.3% of Northwest Financial Advisors’ portfolio, making the stock its 21st largest position. Northwest Financial Advisors’ holdings in SPDR Gold Shares were worth $646,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Brighton Jones LLC increased its stake in shares of 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 buying an additional 1,903 shares during the period. Bison Wealth LLC lifted its stake in SPDR Gold Shares by 77.8% in the fourth 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in SPDR Gold Shares in the first quarter worth $16,014,000. Schnieders Capital Management LLC. boosted its holdings in SPDR Gold Shares by 4.8% in 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 acquiring an additional 275 shares in the last quarter. Finally, Prudential Financial Inc. bought a new stake in SPDR Gold Shares in the second quarter valued at $337,000. 42.19% of the stock is owned by institutional investors.
SPDR Gold Shares News Summary
Here are the key news stories impacting SPDR Gold Shares this week:
- Positive Sentiment: Strong ETF demand abroad supports longer-term gold positioning — Chinese gold ETFs recorded record Q1 inflows as buyers and wholesalers used lower prices to accumulate, which underpins physical-backed ETFs like GLD. Chinese gold ETFs see record inflows in Q1 as investors, wholesalers and the PBoC jumped on lower prices to stock up – WGC’s Jia
- Positive Sentiment: Regulatory recognition could boost gold’s strategic demand — LBMA’s Crowell is making the case for high‑quality liquid asset (HQLA) status for gold, a development that would increase institutional demand for gold-backed ETFs over time. Gold doing its job: LBMA’s Crowell makes case for HQLA status
- Neutral Sentiment: Technical debate: analysts see both a solid bounce and an approaching resistance zone — if gold breaks above the key resistance zone a further rally could follow; failure to clear it points to renewed downside risk. Gold (XAU/USD) Price Forecast: Resistance Test Looms After Strong Bounce
- Neutral Sentiment: Gold remains a tactical hedge in some views — commentators note gold will rally if geopolitical uncertainty stays high and rate expectations ease, making GLD sensitive to changing headlines. Gold will ‘rally substantially if geopolitical uncertainty remains high while interest rate expectations come down’ – UBS
- Negative Sentiment: De‑escalation headlines are trimming safe‑haven demand — reports that U.S.-Iran talks are “productive and ongoing” have reduced immediate geopolitical risk, which typically lowers demand for GLD. Gold Rises Amid Hopes for More U.S.-Iran Talks
- Negative Sentiment: Dollar and yields dynamics are pressuring gold — intraday dollar strength and rising Treasury yields reduced bullion’s appeal, prompting profit‑taking in gold and GLD. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back Amid Profit-Taking
- Negative Sentiment: Technical profit‑taking around the $4,800 spot level — several market notes highlight mild profit-taking and resistance near $4,800; failing to clear resistance has led traders to step back from long positions in the short term. Gold continues to struggle at $4,800; market could be waiting for a solid peace plan – Pepperstone
SPDR Gold Shares Trading Down 1.0%
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.
Further Reading
Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.
