National Wealth Management Group LLC Acquires 5,588 Shares of SPDR Gold Shares $GLD

National Wealth Management Group LLC raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 79.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 12,659 shares of the exchange traded fund’s stock after acquiring an additional 5,588 shares during the period. SPDR Gold Shares accounts for about 1.7% of National Wealth Management Group LLC’s holdings, making the stock its 13th biggest holding. National Wealth Management Group LLC’s holdings in SPDR Gold Shares were worth $4,500,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Laurel Wealth Advisors LLC raised its holdings in shares of SPDR Gold Shares by 31,232.8% during the second quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock worth $890,837,000 after acquiring an additional 2,913,079 shares during the period. Corient Private Wealth LLC boosted its stake in SPDR Gold Shares by 108.1% in the 2nd quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock worth $327,500,000 after purchasing an additional 559,507 shares during the period. Rockefeller Capital Management L.P. increased its holdings in SPDR Gold Shares by 15.4% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 854,436 shares of the exchange traded fund’s stock worth $260,458,000 after purchasing an additional 114,028 shares in the last quarter. State Street Corp raised its stake in shares of SPDR Gold Shares by 5.9% in the 2nd quarter. State Street Corp now owns 854,101 shares of the exchange traded fund’s stock valued at $260,356,000 after purchasing an additional 47,264 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of SPDR Gold Shares by 0.3% in the second quarter. US Bancorp DE now owns 767,160 shares of the exchange traded fund’s stock valued at $233,853,000 after purchasing an additional 2,103 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

Trending Headlines about SPDR Gold Shares

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

• Positive Sentiment: Spot gold hit and extended record highs above $5,000–$5,100/oz, fueling demand for GLD as investors seek a hedge against market volatility. Gold races to $5,100 record peak on safe-haven demand
• Positive Sentiment: Heightened political and geopolitical shocks — and headlines citing a “crisis of confidence” in U.S. policy — are pushing investors and central banks into gold, supporting ETF inflows that benefit GLD. Gold Surges Past $5,000 To Historic High As ‘Crisis Of Confidence’ In Trump Administration Rattles Global Markets
• Neutral Sentiment: Macro drivers cited include U.S. dollar weakness and shifting Fed expectations; these can sustain gold but also introduce sensitivity to any rapid policy or currency reversals. Gold (XAUUSD) Breaks $5,000 as US Dollar Crashes – Silver Surges Above $100
• Neutral Sentiment: Rising gold is also lifting miners and related ETFs; GLD benefits from bullion flows but differs from miners (GDX) which carry equity and operational risk. The Gold Rush Continues: GDX’s Amplified Bet vs. GLD’s Steady Hold
• Negative Sentiment: The rapid, headline-driven rally raises the risk of short-term profit-taking and volatility; a USD rebound or hawkish Fed surprise could quickly reverse gains for GLD.

SPDR Gold Shares Price Performance

GLD stock opened at $458.00 on Monday. The stock has a market capitalization of $172.57 billion, a P/E ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a fifty-two week low of $251.92 and a fifty-two week high of $458.75. The business has a 50-day moving average of $401.91 and a 200-day moving average of $361.17.

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.