Raleigh Capital Management Inc. Buys 2,334 Shares of SPDR Gold Shares $GLD

Raleigh Capital Management Inc. increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 43.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,743 shares of the exchange traded fund’s stock after buying an additional 2,334 shares during the period. SPDR Gold Shares comprises about 1.1% of Raleigh Capital Management Inc.’s holdings, making the stock its 17th biggest position. Raleigh Capital Management Inc.’s holdings in SPDR Gold Shares were worth $3,332,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in GLD. WPG Advisers LLC bought a new position in shares of SPDR Gold Shares during the 4th quarter valued at approximately $25,000. Timmons Wealth Management LLC purchased a new stake in shares of SPDR Gold Shares during the 4th quarter worth approximately $26,000. Chapman Financial Group LLC bought a new stake in shares of SPDR Gold Shares in the 2nd quarter worth approximately $26,000. Vestwell Advisors LLC purchased a new position in SPDR Gold Shares in the third quarter valued at approximately $27,000. Finally, Eukles Asset Management purchased a new position in SPDR Gold Shares in the fourth quarter valued at approximately $27,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $378.13 on Friday. The stock has a fifty day simple moving average of $404.49 and a two-hundred day simple moving average of $426.91. SPDR Gold Shares has a 1-year low of $300.95 and a 1-year high of $509.70. The firm has a market cap of $133.10 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: Gold surged after the June employment report missed expectations, easing Fed rate-hike fears and boosting precious metals demand. Gold and silver rally as NFP miss dents Fed-hike bets – Kitco AM Report
• Positive Sentiment: Gold held and extended gains above key technical levels, with traders seeing recovery signals and short-covering into a thin holiday-session tape. Gold (XAU/USD) Price Forecast: Above Trendline Signals Recovery
• Positive Sentiment: Central bank buying remained a major support, with the World Gold Council reporting net purchases of 41 tonnes in May and multiple strategists citing diversification demand and ETF inflows as tailwinds. Central banks boost gold reserves with net 41 tonnes purchased in May – World Gold Council
• Positive Sentiment: Market commentary from HSBC and State Street pointed to further upside for gold into year-end, citing ongoing central-bank demand, ETF inflows, and diversification buying. ‘We anticipate further upside for gold by year-end’ – HSBC’s Sels and Ku
• Neutral Sentiment: Some analysts noted that high yields and a strong dollar still cap upside in the near term, even though the longer-term backdrop remains constructive. State Street’s baseline scenario sees gold price as high as $5,500/oz by Q1 2027
• Negative Sentiment: Price forecasts also highlighted resistance near recent highs and moving averages, suggesting GLD could face pauses if the current macro-driven rally loses momentum. Gold (XAU/USD) Price Forecast: Resistance Cluster Caps Upside Momentum

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.