SPDR Gold Shares $GLD Stock: Rock Creek Group LLC Decreases Stake

Rock Creek Group LLC cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 3.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 186,683 shares of the exchange traded fund’s stock after selling 7,002 shares during the quarter. SPDR Gold Shares makes up about 6.9% of Rock Creek Group LLC’s investment portfolio, making the stock its 5th largest position. Rock Creek Group LLC owned approximately 0.05% of SPDR Gold Shares worth $71,096,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avise Financial Cooperative Inc. increased its holdings in shares of SPDR Gold Shares by 6.4% in the 3rd quarter. Avise Financial Cooperative Inc. now owns 1,250 shares of the exchange traded fund’s stock valued at $476,000 after acquiring an additional 75 shares during the period. AlTi Global Inc. raised its position in shares of SPDR Gold Shares by 17.5% in the 3rd quarter. AlTi Global Inc. now owns 218,183 shares of the exchange traded fund’s stock worth $83,093,000 after acquiring an additional 32,480 shares in the last quarter. Hansen & Associates Financial Group Inc. raised its position in shares of SPDR Gold Shares by 8.2% in the 3rd quarter. Hansen & Associates Financial Group Inc. now owns 7,413 shares of the exchange traded fund’s stock worth $2,807,000 after acquiring an additional 561 shares in the last quarter. Silver Oak Advisory Group Inc. bought a new position in shares of SPDR Gold Shares in the 3rd quarter worth $204,000. Finally, MSH Capital Advisors LLC raised its position in shares of SPDR Gold Shares by 12.8% in the 3rd quarter. MSH Capital Advisors LLC now owns 3,335 shares of the exchange traded fund’s stock worth $1,270,000 after acquiring an additional 378 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Up 0.2%

Shares of NYSEARCA GLD traded up $0.56 during mid-day trading on Friday, reaching $355.45. 11,724,977 shares of the company were exchanged, compared to its average volume of 11,375,320. The stock has a market cap of $129.92 billion, a price-to-earnings ratio of -32.43 and a beta of 0.20. SPDR Gold Shares has a 1 year low of $352.91 and a 1 year high of $509.70. The firm has a 50-day moving average of $380.91 and a 200 day moving average of $409.18.

Key Headlines Impacting SPDR Gold Shares

These are some of the GLD headlines that stood out recently:

• Neutral Sentiment: Longer-term outlooks remain more constructive, with WisdomTree and Goldman Sachs citing potential for gold to reach $4,800 in 2027. However, Goldman also cut its nearer-term forecasts, reflecting a tougher outlook for gold in the short run. Goldman Sachs cuts gold price targets
• Negative Sentiment: The dominant headwinds are a stronger U.S. dollar, rising Treasury and real yields, persistent inflation, and expectations of further Federal Reserve rate hikes. Higher yields and rates reduce gold’s appeal because it pays no interest. Gold and silver slide as Treasury yields surge
• Negative Sentiment: Gold’s failure to hold above $4,000 has intensified technical concerns. Analysts warn that further declines could expose support near $3,800 or even $3,500, with one forecast calling for $3,200 if rate hikes are aggressive—risks that could weigh on GLD. Gold’s $4,000 support breaks as Fed fears grow

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.