IFP Advisors Inc Acquires 2,980 Shares of SPDR Gold Shares $GLD

IFP Advisors Inc increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 15.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,776 shares of the exchange traded fund’s stock after buying an additional 2,980 shares during the quarter. IFP Advisors Inc’s holdings in SPDR Gold Shares were worth $9,026,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Eagle Investment Management LLC raised its position in shares of SPDR Gold Shares by 2.7% during the third quarter. First Eagle Investment Management LLC now owns 2,531,196 shares of the exchange traded fund’s stock worth $899,764,000 after acquiring an additional 66,416 shares during the last quarter. Bank of Montreal Can bought a new position in shares of SPDR Gold Shares during the third quarter worth about $556,282,000. Ameriprise Financial Inc. raised its position in shares of SPDR Gold Shares by 3.4% during the third quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock worth $554,139,000 after acquiring an additional 50,756 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of SPDR Gold Shares by 3.0% during the third quarter. Envestnet Asset Management Inc. now owns 1,222,891 shares of the exchange traded fund’s stock worth $434,701,000 after acquiring an additional 35,619 shares during the last quarter. Finally, Barclays PLC raised its position in shares of SPDR Gold Shares by 1.4% during the third quarter. Barclays PLC now owns 1,125,376 shares of the exchange traded fund’s stock worth $400,037,000 after acquiring an additional 15,932 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD opened at $411.50 on Wednesday. SPDR Gold Shares has a 1 year low of $298.30 and a 1 year high of $509.70. The company has a market capitalization of $149.66 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The business has a 50-day moving average of $433.34 and a 200-day moving average of $424.04.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Goldman Sachs said central banks have been buying more gold than previously expected, and it sees sovereign demand increasing further through 2026, which is a supportive longer-term tailwind for GLD. Central banks are buying more gold than expected, and purchases will increase further through 2026 – Goldman Sachs
• Neutral Sentiment: Gold edged higher on a possible technical recovery after the front-month futures contract had already fallen about 1%, suggesting bargain-hunting may be emerging after the recent selloff. Gold Edges Higher on Possible Technical Recovery
• Neutral Sentiment: Gold’s recent decline has been driven by rising yields and a stronger dollar, but persistent oil-driven inflation worries and geopolitical tension are still providing some safe-haven support. Treasury Yields Spike To Trump’s Second-Term High, Sinking Gold And S&P 500
• Negative Sentiment: Spot gold slipped below key support levels as rising Treasury yields and a stronger U.S. dollar outweighed safe-haven demand, pressuring GLD lower. Gold drops below $4,500, silver breaks $74 support as Iran talks stall – Kitco PM Report
• Negative Sentiment: Multiple intraday updates showed gold trading lower as the dollar and yields climbed on inflation worries, reinforcing the near-term bearish momentum for the ETF. Gold Edges Lower as USD and Yields Rise on Inflation Worries

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.