NBT Bank N.A. Has $2.04 Million Stock Holdings in SPDR Gold Shares $GLD

NBT Bank N.A. trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 41.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,529 shares of the exchange traded fund’s stock after selling 3,943 shares during the period. NBT Bank N.A.’s holdings in SPDR Gold Shares were worth $2,037,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in GLD. WPG Advisers LLC bought a new stake in shares of SPDR Gold Shares during the fourth quarter valued at approximately $25,000. Timmons Wealth Management LLC bought a new position in shares of SPDR Gold Shares in the 4th quarter worth $26,000. Eukles Asset Management acquired a new stake in SPDR Gold Shares in the 4th quarter valued at $27,000. Private Wealth Management Group LLC acquired a new stake in SPDR Gold Shares in the 1st quarter valued at $30,000. Finally, Parvin Asset Management LLC bought a new stake in SPDR Gold Shares during the 1st quarter valued at $31,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.6%

GLD opened at $401.48 on Friday. SPDR Gold Shares has a 1-year low of $305.19 and a 1-year high of $509.70. The company has a market cap of $141.76 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. The company’s fifty day moving average price is $380.45 and its two-hundred day moving average price is $419.72.

Key Headlines Impacting SPDR Gold Shares

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

About SPDR Gold Shares

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.