VVR Holdings LLC Sells 5,448 Shares of SPDR Gold Shares $GLD

VVR Holdings LLC cut its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 22.5% in the first quarter, Holdings Channel reports. The firm owned 18,819 shares of the exchange traded fund’s stock after selling 5,448 shares during the period. SPDR Gold Shares accounts for 4.2% of VVR Holdings LLC’s investment portfolio, making the stock its 8th largest holding. VVR Holdings LLC’s holdings in SPDR Gold Shares were worth $8,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. WPG Advisers LLC acquired a new position in SPDR Gold Shares in the fourth quarter worth approximately $25,000. Timmons Wealth Management LLC bought a new position in SPDR Gold Shares during the fourth quarter valued at approximately $26,000. Chapman Financial Group LLC bought a new position in SPDR Gold Shares during the second quarter valued at approximately $26,000. Vestwell Advisors LLC acquired a new stake in SPDR Gold Shares in the third quarter valued at approximately $27,000. Finally, Eukles Asset Management acquired a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $27,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

GLD stock opened at $387.12 on Friday. The company has a market capitalization of $140.80 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14. SPDR Gold Shares has a 12 month low of $299.89 and a 12 month high of $509.70. The firm has a 50 day moving average of $417.57 and a two-hundred day moving average of $427.98.

Trending Headlines about SPDR Gold Shares

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

• Positive Sentiment: Some analysts say gold’s long-term uptrend is still intact despite the Fed’s hawkish shift, arguing that inflation risks, fiscal deficits, and central bank buying could support prices over time. Gold’s bull market remains intact even with a hawkish Fed, says Axel Merk
• Positive Sentiment: Several market watchers continue to recommend gold ETFs as a long-term portfolio diversifier, suggesting structural demand for GLD may remain firm even during near-term volatility. Why Gold ETFs Still Deserve a Place in Long-Term Portfolios
• Neutral Sentiment: Gold is trading near key technical support, and analysts say the next major move may depend on whether buyers can defend that level in the coming sessions. Gold (XAU/USD) Price Forecast: Support Test Could Shape Next Major Move
• Negative Sentiment: Gold prices have been falling as the Fed’s hawkish outlook supports the dollar and lifts yields, reducing demand for bullion-backed funds like GLD. Hawkish Fed keeps pressure on gold as physical premiums soften – Kitco PM Report
• Negative Sentiment: Multiple reports say gold has extended losses and is testing lower support levels after the Fed signaled a potential rate hike later this year, keeping near-term sentiment bearish. Gold Extends Losses as Fed Rate-Hike Outlook Supports Dollar

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.