NewEdge Wealth LLC Lowers Stock Position in SPDR Gold Shares $GLD

NewEdge Wealth LLC lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 4.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,094 shares of the exchange traded fund’s stock after selling 1,157 shares during the period. NewEdge Wealth LLC’s holdings in SPDR Gold Shares were worth $8,831,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Chapman Financial Group LLC bought a new stake in shares of SPDR Gold Shares in the 2nd quarter worth approximately $26,000. Hopwood Financial Services Inc. purchased a new stake in SPDR Gold Shares in the third quarter worth $27,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of SPDR Gold Shares in the third quarter valued at $31,000. Traub Capital Management LLC purchased a new position in shares of SPDR Gold Shares during the 2nd quarter valued at $34,000. Finally, Kilter Group LLC bought a new position in shares of SPDR Gold Shares during the 2nd quarter worth $34,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.3%

GLD opened at $459.56 on Friday. The company has a market capitalization of $174.68 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The firm has a 50-day moving average price of $431.34 and a 200-day moving average price of $380.54. SPDR Gold Shares has a twelve month low of $261.25 and a twelve month high of $509.70.

Trending Headlines about SPDR Gold Shares

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

• Positive Sentiment: Safe‑haven flows driven by rising U.S.–Iran tensions and geopolitical risk are lifting gold demand and supporting GLD. Gold Edges Higher Amid Growing Risks of U.S.-Iran Conflict
• Positive Sentiment: Analysts and fund managers are issuing multi‑thousand dollar gold targets (BMO, AuAg Funds), bolstering bullish investor sentiment toward bullion ETFs like GLD. Gold to rise near $6,500/oz in 2026 as bull case strengthens, silver’s market balance suggests caution for investors – BMO’s Amos
• Positive Sentiment: Fund flows: a positive Seeking Alpha write‑up highlights GLD’s large AUM, strong ETF inflows and central‑bank buying — fundamentals that support longer‑term demand for the ETF. GLD: My Second-Largest Portfolio Position, On Path To Become My Largest Holding
• Neutral Sentiment: Gold is consolidating around the psychologically important $5,000 level; traders await U.S. GDP and PCE data, which could swing intraday flows for GLD either way. Gold (XAUUSD) & Silver Price Forecast: $5,000 Holds as Silver Eyes $85 Breakout?
• Neutral Sentiment: Silver’s momentum and base formation could feed through to gold/GLD but introduces cross‑metal rotation risk (investors may shift between GLD and silver instruments). Gold and Silver Analysis: US-Iran Tensions and Gold-to-Silver Ratio Signal Upside
• Negative Sentiment: Dollar strength ahead of GDP expectations can pressure gold prices; a firmer dollar would be a headwind for GLD flows. Strength for the Dollar Ahead of GDP
• Negative Sentiment: Fed‑related tightening signals (hawkish minutes, rising yields) create short‑term pressure on gold — yields and rate expectations are a direct counter to bullion’s appeal. Gold (XAUUSD) & Silver Price Forecast: Fed Pressure Builds – Will Gold Smash $5,020 or Stall?
• Negative Sentiment: Technical short‑term weakness below key moving averages could prompt profit‑taking in GLD if support breaks, increasing intraday downside risk. Gold (XAU/USD) Price Forecast: Bearish Bias Persists Below Key Average

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.