SPDR Gold Shares $GLD is Hamilton Wealth LLC’s 10th Largest Position

Hamilton Wealth LLC increased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 171.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 134,685 shares of the exchange traded fund’s stock after acquiring an additional 84,991 shares during the quarter. SPDR Gold Shares comprises 4.1% of Hamilton Wealth LLC’s investment portfolio, making the stock its 10th biggest position. Hamilton Wealth LLC’s holdings in SPDR Gold Shares were worth $57,954,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GLD. Corient Private Wealth LLC grew its position in 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 acquiring an additional 3,360,966 shares in the last quarter. Morgan Stanley boosted its stake in shares of SPDR Gold Shares by 22.4% in the 4th quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock valued at $5,506,229,000 after purchasing an additional 2,539,266 shares in the last quarter. Virtu Financial LLC purchased a new position in SPDR Gold Shares in the 4th quarter worth $474,952,000. Marino Management LLC purchased a new stake in SPDR Gold Shares during the fourth quarter valued at about $438,475,000. Finally, Diamant Asset Management Inc. lifted its stake in shares of SPDR Gold Shares by 42,929.0% in the 1st quarter. Diamant Asset Management Inc. now owns 697,070 shares of the exchange traded fund’s stock valued at $299,942,000 after acquiring an additional 695,450 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

GLD opened at $371.08 on Thursday. The firm has a market cap of $131.21 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 stock’s 50 day simple moving average is $385.54 and its 200 day simple moving average is $423.10.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: The Fed’s decision to hold rates steady sparked a relief rally in gold. A less aggressive policy outlook could support non-yielding assets such as gold and GLD, although Fed Chair Kevin Warsh’s guidance remains important. Gold price jumps as Federal Reserve leaves interest rates unchanged
• Positive Sentiment: Retail investors are returning to precious metals after the months-long selloff. The Royal Mint reported recovering bullion demand, particularly for digital silver, signaling that some investors are buying the dip. Retail investors buy the dip as Royal Mint reports solid demand
• Positive Sentiment: Gold is holding above the psychologically important $4,000-per-ounce level and has defended key technical support. A move above nearby resistance could confirm a bullish reversal and provide an additional catalyst for GLD. Gold price forecast: Breakout retest sets stage for next advance
• Positive Sentiment: Ongoing central-bank buying and ETF inflows continue to provide underlying support for gold despite recent weakness. ETF inflows support gold ahead of Fed week

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.