Evelyn Partners Asset Management Ltd Has $26.49 Million Position in SPDR Gold Shares $GLD

Evelyn Partners Asset Management Ltd lowered its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 11.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,557 shares of the exchange traded fund’s stock after selling 7,573 shares during the quarter. SPDR Gold Shares accounts for 6.5% of Evelyn Partners Asset Management Ltd’s portfolio, making the stock its biggest holding. Evelyn Partners Asset Management Ltd’s holdings in SPDR Gold Shares were worth $26,487,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of GLD. Morgan Stanley lifted its position in shares of SPDR Gold Shares by 22.4% during 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 during the last quarter. Corient Private Wealth LLC grew its holdings in shares of 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 last quarter. Virtu Financial LLC bought a new position in shares of SPDR Gold Shares in the fourth quarter worth about $474,952,000. Marino Management LLC purchased a new position in SPDR Gold Shares in the 4th quarter worth about $438,475,000. Finally, Rockefeller Capital Management L.P. increased its stake in SPDR Gold Shares by 13.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 938,260 shares of the exchange traded fund’s stock worth $371,842,000 after buying an additional 109,205 shares during the period. Institutional investors own 42.19% of the company’s stock.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: Lower crude-oil prices following a pause in U.S.-Iran hostilities reduced near-term inflation pressure, while softer Treasury yields and a weaker U.S. dollar supported gold and GLD. Gold continues to hold $4,000 as U.S.-Iran pause pressures crude oil
• Positive Sentiment: Longer-term demand remains constructive: State Street said gold’s next major $1,000 move could be higher if Federal Reserve hawkishness has peaked, while central-bank purchases and ETF inflows continue to provide support. Gold’s next $1,000 move is likely higher as Fed hawkishness peaks
• Positive Sentiment: Asian demand, particularly from China, is viewed as an important source of support; BMO Capital Markets believes China’s gold holdings could surpass U.S. holdings within five years. China’s gold stockpile could surpass U.S. holdings
• Neutral Sentiment: Investors are awaiting the Federal Reserve decision and upcoming inflation data. Gold may consolidate around $4,000 until policymakers provide clearer guidance on interest rates. Gold and Silver Price Forecast: Fed Decision Could Trigger Next Breakout
• Negative Sentiment: Persistent expectations for restrictive Fed policy, coupled with weak Western demand, have limited gold’s upside. Gains also faded below $4,100, showing that a consistent safe-haven bid has not yet emerged. Gold remains stuck below $4,100

SPDR Gold Shares Price Performance

Shares of GLD opened at $374.63 on Tuesday. The firm has a market capitalization of $132.28 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a 1-year low of $300.95 and a 1-year high of $509.70. The company has a 50-day moving average of $387.31 and a 200 day moving average of $423.66.

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.