Severin Investments LLC Invests $613,000 in SPDR Gold Shares $GLD

Severin Investments LLC acquired a new position in SPDR Gold Shares (NYSEARCA:GLD) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,426 shares of the exchange traded fund’s stock, valued at approximately $613,000.

Several other large investors have also recently added to or reduced their stakes in the business. Flagship Private Wealth LLC grew its stake in shares of SPDR Gold Shares by 7.2% in the first quarter. Flagship Private Wealth LLC now owns 11,038 shares of the exchange traded fund’s stock worth $4,750,000 after purchasing an additional 737 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its stake in shares of SPDR Gold Shares by 6.1% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 9,521 shares of the exchange traded fund’s stock valued at $4,097,000 after purchasing an additional 551 shares in the last quarter. Wagner Wealth Management LLC raised its stake in shares of SPDR Gold Shares by 7.8% during the first quarter. Wagner Wealth Management LLC now owns 581 shares of the exchange traded fund’s stock valued at $250,000 after purchasing an additional 42 shares in the last quarter. Key Financial Inc lifted its holdings in SPDR Gold Shares by 6.6% in the first quarter. Key Financial Inc now owns 965 shares of the exchange traded fund’s stock worth $415,000 after purchasing an additional 60 shares during the period. Finally, Global Trust Asset Management LLC lifted its holdings in SPDR Gold Shares by 37.7% in the first quarter. Global Trust Asset Management LLC now owns 1,462 shares of the exchange traded fund’s stock worth $629,000 after purchasing an additional 400 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about SPDR Gold Shares

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

• Positive Sentiment: Some analysts say gold may be forming a short-term bottom, with technical support holding near the $4,000 area and a bullish rebound setup emerging. Gold (XAU/USD) Price Forecast: Bullish Hammer Signals Potential Bottom
• Positive Sentiment: Several reports say central banks and sovereign buyers remain committed to gold, with Goldman Sachs and OMFIF both pointing to strong official-sector demand as a longer-term support for prices. Central banks see gold prices trading between $5,000 and $6,000 in 12 months – OMFIF Survey
• Neutral Sentiment: Some commentary frames the recent decline as a buying opportunity rather than a broken trend, suggesting the pullback may be more of a reset than a fundamental shift. Gold’s correction is a buying opportunity as governments won’t tolerate economic pain – Waratah Capital’s Dunkley
• Negative Sentiment: Near-term gold prices are being pressured by rising Treasury yields, a firmer dollar, and expectations that the Fed could keep rates elevated, which hurts non-yielding gold. Silver firms while gold fades as Fed risk caps rebound – Kitco PM Report
• Negative Sentiment: Other analysts warn the correction may continue if real yields keep improving, and some see gold struggling to sustain its recent rally. Fed turned a ‘pause in the structural bullish gold story’ into ‘a deeper freeze’ – J.P. Morgan’s Shearer

SPDR Gold Shares Stock Down 0.1%

Shares of GLD opened at $368.38 on Wednesday. The firm has a market capitalization of $133.98 billion, a PE ratio of -32.43 and a beta of 0.14. The firm has a 50-day moving average price of $408.09 and a 200 day moving average price of $427.53. SPDR Gold Shares has a 52-week low of $300.95 and a 52-week high of $509.70.

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.