First Bancorp Inc ME Purchases New Position in SPDR Gold Shares $GLD

First Bancorp Inc ME acquired a new position in SPDR Gold Shares (NYSEARCA:GLD) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,020 shares of the exchange traded fund’s stock, valued at approximately $2,586,000. SPDR Gold Shares accounts for about 1.0% of First Bancorp Inc ME’s holdings, making the stock its 17th largest position.

Other hedge funds have also bought and sold shares of the company. Corient Private Wealth LLC grew its stake in SPDR Gold Shares by 571.3% in the fourth quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock worth $1,565,118,000 after purchasing an additional 3,360,966 shares during the period. Morgan Stanley raised its holdings in SPDR Gold Shares by 22.4% in the fourth quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock worth $5,506,229,000 after purchasing an additional 2,539,266 shares in the last quarter. Virtu Financial LLC purchased a new position in SPDR Gold Shares during the fourth quarter valued at $474,952,000. Marino Management LLC purchased a new position in SPDR Gold Shares during the fourth quarter valued at $438,475,000. Finally, Diamant Asset Management Inc. boosted its holdings in shares of SPDR Gold Shares by 42,929.0% during the 1st quarter. Diamant Asset Management Inc. now owns 697,070 shares of the exchange traded fund’s stock valued at $299,942,000 after buying an additional 695,450 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.3%

Shares of GLD stock opened at $428.07 on Wednesday. The company’s fifty day moving average price is $384.09 and its 200-day moving average price is $417.04. The stock has a market cap of $151.15 billion, a PE ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a 12 month low of $310.30 and a 12 month high of $509.70.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Gold reached its highest level in more than three months as dollar weakness and Treasury buyback expectations strengthened the “debasement trade.” Investors are now watching upcoming PCE inflation data for evidence that the rally can continue. Gold hits over three-month high on dollar weakness, Treasury bond buyback plans
• Positive Sentiment: Natixis raised its gold price target to $5,000 per ounce, citing rising U.S. debt and bond-market risks. Société Générale likewise described gold as an important strategic hedge against underpriced inflation and policy risks. These views support continued institutional demand for GLD. Natixis raises gold price target to $5,000
• Positive Sentiment: Strong gold ETF inflows, renewed speculative positioning and geopolitical concerns—including Iran-related risk—are providing additional support for the underlying asset held by GLD. Gold and silver price forecast: ETF inflows surge
• Neutral Sentiment: A roughly $202 million GLD options transaction involved selling September $420 calls. Although the trade may appear bearish, analysts noted it could have been a covered-call strategy or a position adjustment rather than an outright bet against gold. Is Gold’s Best Month Since 2008 About to End?
• Neutral Sentiment: Bitcoin’s rising correlation with gold suggests investors are again favoring scarce assets as currency-debasement hedges, but Bitcoin’s inconsistent historical performance against gold limits the signal for GLD. Bitcoin’s correlation with gold is on the upswing
• Negative Sentiment: Gold stalled near the $4,700 resistance area after a powerful run, with traders taking profits. Technical analysts identify potential support near $4,500, implying downside risk if momentum fades. Gold price forecast: $4,700 resistance signals pullback risk
• Negative Sentiment: For taxable investors, GLD’s physical-gold structure generally subjects long-term gains to the 28% collectibles tax rate rather than the lower rate applied to many other ETFs, potentially reducing after-tax returns. GLD’s gains are taxed as a collectible

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.