Childress Capital Advisors LLC decreased its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 93.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 921 shares of the exchange traded fund’s stock after selling 13,439 shares during the period. Childress Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $396,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of GLD. Montag A & Associates Inc. raised its holdings in shares of SPDR Gold Shares by 15.5% during the 1st quarter. Montag A & Associates Inc. now owns 20,274 shares of the exchange traded fund’s stock valued at $8,724,000 after buying an additional 2,719 shares during the period. Brighton Securities CORP. grew its position in SPDR Gold Shares by 27.4% in the first quarter. Brighton Securities CORP. now owns 5,780 shares of the exchange traded fund’s stock valued at $2,487,000 after acquiring an additional 1,242 shares in the last quarter. Addison Capital Co grew its position in SPDR Gold Shares by 34.4% in the first quarter. Addison Capital Co now owns 21,451 shares of the exchange traded fund’s stock valued at $9,230,000 after acquiring an additional 5,494 shares in the last quarter. Horst & Graben Wealth Management LLC raised its stake in shares of SPDR Gold Shares by 3.4% during the first quarter. Horst & Graben Wealth Management LLC now owns 1,021 shares of the exchange traded fund’s stock valued at $439,000 after purchasing an additional 34 shares during the period. Finally, Hoey Investments Inc. lifted its position in shares of SPDR Gold Shares by 49.3% during the first quarter. Hoey Investments Inc. now owns 1,000 shares of the exchange traded fund’s stock worth $430,000 after purchasing an additional 330 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Trading Down 0.8%
Shares of GLD stock opened at $374.45 on Thursday. The company has a market capitalization of $131.32 billion, a PE ratio of -32.43 and a beta of 0.17. The firm has a fifty day simple moving average of $401.29 and a 200-day simple moving average of $426.71. SPDR Gold Shares has a twelve month low of $300.95 and a twelve month high of $509.70.
More SPDR Gold Shares News
- Positive Sentiment: Some analysts still see a constructive longer-term backdrop for gold, citing ongoing central bank buying and official-sector demand that could support prices later in 2026. Gold had a rough Q2, but central bank demand will push prices higher through 2026 – Invesco
- Positive Sentiment: Renewed geopolitical tensions in the Middle East continue to keep safe-haven demand alive, which can help cushion downside in GLD when risk aversion rises. Gold Rises on Renewed Middle East Tensions
- Neutral Sentiment: Several market updates say gold is testing major support levels around the $4,000 area, suggesting traders are watching for either a rebound or a deeper technical breakdown. Gold Forecast – Precious Metal Eyes Crucial $4,000 Psychological Floor
- Negative Sentiment: Gold prices fell Wednesday as hawkish Fed minutes and stronger yields/dollar reduced the appeal of non-yielding assets, directly pressuring GLD. Gold slides as Fed minutes, Hormuz oil spike lift yields – Kitco PM Report
- Negative Sentiment: ETF outflows in June signal investors have been reducing exposure to gold-backed funds as higher opportunity costs and rate expectations continue to weigh on sentiment. Investors flee gold ETFs in June as hawkish Fed expectations drive liquidation
- Negative Sentiment: Technical commentary also remains bearish, with multiple reports saying gold is struggling at resistance and may retest lower support if yields stay elevated. Gold (XAU/USD) Price Forecast: Resistance Keeps Bears in Control
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.
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