Park National Corp OH increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 108.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,760 shares of the exchange traded fund’s stock after purchasing an additional 3,000 shares during the period. Park National Corp OH’s holdings in SPDR Gold Shares were worth $2,283,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in GLD. Laurel Wealth Advisors LLC grew its stake in shares of SPDR Gold Shares by 31,232.8% in 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 in the last quarter. First Eagle Investment Management LLC raised its stake in shares of SPDR Gold Shares by 2.7% in the third quarter. First Eagle Investment Management LLC now owns 2,531,196 shares of the exchange traded fund’s stock valued at $899,764,000 after acquiring an additional 66,416 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at $556,282,000. Ameriprise Financial Inc. boosted its holdings in SPDR Gold Shares by 3.4% in the third quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock valued at $554,139,000 after purchasing an additional 50,756 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in SPDR Gold Shares by 3.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,222,891 shares of the exchange traded fund’s stock worth $434,701,000 after purchasing an additional 35,619 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.
More SPDR Gold Shares News
Here are the key news stories impacting SPDR Gold Shares this week:
- Positive Sentiment: Safe-haven support from geopolitical tensions has offered intermittent buying interest, helping limit today’s losses and producing short-lived rebounds. Gold (XAUUSD) & Silver Price Forecast
- Positive Sentiment: Technical bounce off a two‑month low produced intraday recoveries, suggesting some traders view the pullback as a buying opportunity. Gold Rises Off a Two-Month Low
- Positive Sentiment: Some analysts and commentators call the drop a buying opportunity amid longer‑term debt and geopolitical risks that structurally support gold’s safe-haven role. Gold’s pullback is a buying opportunity
- Neutral Sentiment: Industry infrastructure moves (World Gold Council tokenization plans and proposed U.S. legislation to diversify vaults) are longer‑term structural developments that may increase market access/liquidity but are unlikely to affect GLD’s price immediately. World Gold Council building shared infrastructure
- Neutral Sentiment: Regional demand notes (e.g., rising gold‑loan activity in India) underline steady underlying physical demand, but these trends are gradual and not offsetting macro-driven flows. Inside India newsletter: Gold loans
- Negative Sentiment: Macro forces—rising U.S. Treasury yields, a stronger dollar and diminished odds of Fed rate cuts—are the primary drivers of the selloff that’s hit gold hardest this week. Multiple outlets highlight inflation expectations and rate paths as the key headwind. Gold suffers worst week since 1983
- Negative Sentiment: Oil-driven spikes in yields and market volatility have amplified the move lower in gold and reduced the likelihood of quick rate cuts, pressuring GLD and related miners. Gold Drops to a Two-Month Low
- Negative Sentiment: Technical analysts warn a breakdown of key support levels could trigger deeper corrections; some market commentaries and GLD‑focused pieces expect additional ETF outflows and further weakness. Support Breakdown Risks Deeper Correction GLD: Expecting Additional Losses
SPDR Gold Shares Price Performance
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.
See Also
Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
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