Atria Investments Inc Acquires 48,054 Shares of SPDR Gold Shares $GLD

Atria Investments Inc increased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 17.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 316,251 shares of the exchange traded fund’s stock after purchasing an additional 48,054 shares during the quarter. SPDR Gold Shares makes up approximately 1.2% of Atria Investments Inc’s investment portfolio, making the stock its 16th biggest position. Atria Investments Inc owned approximately 0.09% of SPDR Gold Shares worth $116,500,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Angeles Wealth Management LLC grew its stake in shares of SPDR Gold Shares by 52.5% during the 2nd quarter. Angeles Wealth Management LLC now owns 14,217 shares of the exchange traded fund’s stock valued at $5,237,000 after acquiring an additional 4,897 shares during the period. Sterling Investment Advisors Ltd. boosted its position in shares of SPDR Gold Shares by 0.3% in the second quarter. Sterling Investment Advisors Ltd. now owns 115,207 shares of the exchange traded fund’s stock worth $42,440,000 after purchasing an additional 292 shares during the period. Canal Capital Management LLC boosted its position in shares of SPDR Gold Shares by 87.0% in the second quarter. Canal Capital Management LLC now owns 5,485 shares of the exchange traded fund’s stock worth $2,021,000 after purchasing an additional 2,552 shares during the period. Erste Asset Management GmbH increased its stake in shares of SPDR Gold Shares by 40.1% in the second quarter. Erste Asset Management GmbH now owns 262,000 shares of the exchange traded fund’s stock worth $96,516,000 after purchasing an additional 75,000 shares in the last quarter. Finally, DDFG Inc increased its stake in shares of SPDR Gold Shares by 57.5% in the second quarter. DDFG Inc now owns 48,753 shares of the exchange traded fund’s stock worth $17,959,000 after purchasing an additional 17,793 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $401.48 on Friday. SPDR Gold Shares has a one year low of $305.19 and a one year high of $509.70. The company’s fifty day moving average price is $380.45 and its 200-day moving average price is $419.72. The company has a market capitalization of $141.76 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17.

More SPDR Gold Shares News

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

• Positive Sentiment: July U.S. retail sales unexpectedly fell 0.6%, while preliminary August consumer sentiment dropped to 51 versus a 54.5 consensus forecast. The weaker data increased expectations that the Fed may hold rates steady in September, supporting non-yielding gold. Gold rallies after retail sales drop
• Positive Sentiment: Cooling inflation is also helping gold: July headline PPI was flat, and recent CPI and PPI readings have reduced rate-hike concerns. A softer dollar and lower real-rate expectations generally make gold more attractive. Gold rebounds as dollar pulls back
• Positive Sentiment: Longer-term demand remains constructive. UBS strategists said gold could challenge $5,000 per ounce in the first half of 2027, citing lower real rates, a weaker dollar and strong sovereign and central-bank buying. The Bank of Korea also reported a $250 million holding in SPDR Gold Shares, its first gold-linked purchase since 2013. UBS sees gold challenging $5,000
• Neutral Sentiment: Investors are awaiting Federal Reserve meeting minutes, housing data and manufacturing PMI figures next week. These releases could cause volatility by changing views on economic growth and future interest rates. Gold looks to Fed minutes and economic data
• Negative Sentiment: Gold has struggled to extend its rebound near the $4,450–$4,500 resistance zone. Technical analysts warn that a pullback may be needed before another advance, while profit-taking, Treasury yields and geopolitical developments could cap gains. Gold pullback risk after resistance test

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.