SPDR Gold Shares $GLD Stock Holdings Lowered by WealthNavi Inc.

WealthNavi Inc. lowered its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 21.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 517,765 shares of the exchange traded fund’s stock after selling 139,821 shares during the quarter. SPDR Gold Shares comprises approximately 1.9% of WealthNavi Inc.’s investment portfolio, making the stock its 9th largest position. WealthNavi Inc.’s holdings in SPDR Gold Shares were worth $222,789,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Calder Financial LLC purchased a new stake in shares of SPDR Gold Shares during the fourth quarter valued at $807,000. Crescent Grove Advisors LLC raised its position in SPDR Gold Shares by 25.3% in the 4th quarter. Crescent Grove Advisors LLC now owns 15,719 shares of the exchange traded fund’s stock worth $6,230,000 after buying an additional 3,175 shares during the last quarter. Ervin Investment Management LLC purchased a new position in SPDR Gold Shares in the 4th quarter worth about $7,178,000. Cidel Asset Management Inc. raised its position in SPDR Gold Shares by 69.8% in the 1st quarter. Cidel Asset Management Inc. now owns 3,368 shares of the exchange traded fund’s stock worth $1,449,000 after buying an additional 1,384 shares during the last quarter. Finally, NerdWallet Wealth Partners LLC bought a new position in SPDR Gold Shares during the 3rd quarter valued at about $1,033,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 1.0%

Shares of NYSEARCA GLD opened at $369.46 on Friday. The firm’s 50-day moving average price is $412.41 and its 200-day moving average price is $427.89. The company has a market cap of $134.37 billion, a PE ratio of -32.43 and a beta of 0.14. SPDR Gold Shares has a 52-week low of $299.89 and a 52-week high of $509.70.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: Gold got a short-term boost from a softer U.S. dollar, lower Treasury yields, and renewed Middle East risk, helping prices rebound from the prior selloff. Gold holds $4,000 as Fed hawkishness offsets renewed Gulf risk – Kitco PM Report
• Positive Sentiment: Gold ETF inflows returned last week, suggesting some investors are buying the dip after a stretch of outflows. Gold ETFs Just Saw Their Biggest Weekly Inflow Since April After $7.6 Billion Exodus
• Neutral Sentiment: Short interest in GLD rose sharply in June, which signals growing bearish bets but does not by itself change the ETF’s fundamentals.
• Neutral Sentiment: Several analysts said gold is holding near $4,000 and remains in a technical consolidation phase after a recent correction, leaving the next move uncertain. Gold’s 28% correction is painful, but history suggests the bull market isn’t over
• Negative Sentiment: Gold prices have been under pressure from a stronger dollar, higher yields, and hawkish Fed expectations, with some charts now pointing to deeper downside risk. Gold (XAU/USD) Price Forecast: Breakdown Signals Risk of Deeper Correction
• Negative Sentiment: One strategist warned gold could struggle through 2026 if rising U.S. bond yields keep making the non-yielding metal less attractive. Gold price could struggle through 2026 as it loses safe-haven status to US bonds – BI’s McGlone

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.