Theory Financial LLC Purchases 3,900 Shares of SPDR Gold Shares $GLD

Theory Financial LLC boosted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 35.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,010 shares of the exchange traded fund’s stock after purchasing an additional 3,900 shares during the quarter. SPDR Gold Shares comprises approximately 2.3% of Theory Financial LLC’s investment portfolio, making the stock its 11th largest holding. Theory Financial LLC’s holdings in SPDR Gold Shares were worth $6,459,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of SPDR Gold Shares by 20.4% in the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after buying an additional 1,903 shares in the last quarter. Bison Wealth LLC grew its holdings in shares of SPDR Gold Shares by 77.8% during the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after buying an additional 2,600 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of SPDR Gold Shares during the first quarter worth about $16,014,000. Schnieders Capital Management LLC. increased its position in shares of SPDR Gold Shares by 4.8% during the second quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock worth $1,829,000 after acquiring an additional 275 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new stake in shares of SPDR Gold Shares in the 2nd quarter worth about $337,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

Key SPDR Gold Shares News

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

• Positive Sentiment: Gold prices are benefiting from cooler U.S. producer and consumer inflation readings, which have pulled Treasury yields and the dollar lower and improved the appeal of bullion. Gold edges higher, silver slips as oil keeps inflation risk alive – Kitco PM Report
• Positive Sentiment: Several market updates say gold is finding footing and holding above $4,000, with some strategists viewing the consolidation as constructive rather than a breakdown. Gold holds firm above $4,000 as investors look beyond inflation fears – Saxo’s Hansen
• Positive Sentiment: Geopolitical tension and policy uncertainty continue to support sovereign and safe-haven gold demand, especially as some analysts say central banks are still buying. Fed won’t hike but hold, Warsh may have started too hawkish, and U.S. policy is driving sovereign gold demand – Natixis’ Christopher Hodge
• Neutral Sentiment: Technical commentary suggests gold is still below major resistance, but weakening downside momentum and a possible double-bottom pattern could point to a rebound if buyers regain control. Gold (XAU/USD) Price Forecast: Can Gold Break Out Above Key Resistance?
• Neutral Sentiment: One article argued investors should prefer bullion over gold miners for lower volatility, which reinforces the case for GLD as a relatively stable way to play the commodity. SPDR Gold Shares vs Sprott Gold Miners ETF. Should Investors Go For Bullion or Mining Stocks to Play the Comnmodity Boom?
• Negative Sentiment: Gold has struggled at resistance near $4,100 and some reports note occasional pullbacks or flat trading when yields rise, which could limit upside in the near term. Gold Flat Amid Rising Oil Prices

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $372.35 on Thursday. SPDR Gold Shares has a fifty-two week low of $300.95 and a fifty-two week high of $509.70. The stock has a market cap of $130.77 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. The firm’s 50-day simple moving average is $396.38 and its 200 day simple moving average is $425.45.

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.