SPDR Gold Shares $GLD is St. Johns Investment Management Company LLC’s 6th Largest Position

St. Johns Investment Management Company LLC trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD) by 6.9% during the 1st quarter, Holdings Channel reports. The firm owned 18,979 shares of the exchange traded fund’s stock after selling 1,410 shares during the quarter. SPDR Gold Shares comprises approximately 3.4% of St. Johns Investment Management Company LLC’s portfolio, making the stock its 6th biggest holding. St. Johns Investment Management Company LLC’s holdings in SPDR Gold Shares were worth $8,166,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GLD. WPG Advisers LLC bought a new stake in SPDR Gold Shares during the fourth quarter valued at approximately $25,000. Timmons Wealth Management LLC bought a new position in shares of SPDR Gold Shares in the 4th quarter worth $26,000. Chapman Financial Group LLC purchased a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at $26,000. Vestwell Advisors LLC purchased a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at $27,000. Finally, Eukles Asset Management purchased a new stake in shares of SPDR Gold Shares during the 4th quarter valued at $27,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about 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

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $378.13 on Friday. SPDR Gold Shares has a 52-week low of $300.95 and a 52-week high of $509.70. The company has a fifty day moving average of $404.49 and a 200-day moving average of $426.91. The company has a market capitalization of $133.10 billion, a P/E ratio of -32.43 and a beta of 0.17.

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.