Crescent Grove Advisors LLC Purchases 3,175 Shares of SPDR Gold Shares $GLD

Crescent Grove Advisors LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 25.3% in the fourth quarter, Holdings Channel reports. The fund owned 15,719 shares of the exchange traded fund’s stock after buying an additional 3,175 shares during the quarter. Crescent Grove Advisors LLC’s holdings in SPDR Gold Shares were worth $6,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Calder Financial LLC bought a new stake in SPDR Gold Shares during the fourth quarter valued at about $807,000. Empirical Asset Management LLC increased its position in SPDR Gold Shares by 256.7% during the third quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock worth $12,941,000 after acquiring an additional 26,197 shares during the period. Colonial Trust Advisors increased its position in SPDR Gold Shares by 7.6% during the third quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock worth $7,010,000 after acquiring an additional 1,385 shares during the period. Ervin Investment Management LLC bought a new position in SPDR Gold Shares during the fourth quarter worth $7,178,000. Finally, MB Generational Wealth LLC bought a new position in SPDR Gold Shares during the third quarter worth $407,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $407.87 on Thursday. The firm has a market capitalization of $148.34 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The company’s fifty day moving average is $425.00 and its two-hundred day moving average is $427.19. SPDR Gold Shares has a 52-week low of $299.89 and a 52-week high of $509.70.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Central banks resumed net gold buying in April, purchasing 17 tonnes led by Poland and China, reinforcing a structural source of demand for bullion. Central banks buy net 17 tonnes of gold in April, led by Poland and China – WGC
• Positive Sentiment: Several reports noted that ongoing U.S.-Iran tensions and broader geopolitical uncertainty continue to support gold’s safe-haven appeal, even as prices have been volatile. Gold Price Analysis – Gold Drifts Lower on Wednesday
• Neutral Sentiment: The European Central Bank highlighted gold’s role as an important reserve asset, a reminder that official-sector demand remains a key long-term theme for bullion. Central banks see gold as the reserve asset of choice – ECB report
• Negative Sentiment: Gold slid as traders priced in a more hawkish Fed outlook, with analysts saying rising rate-hike fears, higher yields, and a stronger dollar are weighing on non-yielding metals. TD Securities cuts H2 2026 gold price forecasts as markets price in Fed rate hike
• Negative Sentiment: Better-than-expected U.S. ISM services data and ADP employment figures pointed to a resilient economy, which reduced urgency for Fed easing and pushed gold lower. Gold off session lows after ISM Services PMI rises to 54.5 in May
• Negative Sentiment: Technical commentary from multiple outlets said gold is breaking down or testing key support levels, suggesting near-term downside pressure may continue if buyers do not step back in. Gold (XAU/USD) Price Forecast: Bearish Structure Tests Key Support Zones

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.