SPDR Gold Shares $GLD Stock: Sigma Planning Corp Cuts Holdings

Sigma Planning Corp cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 12.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,698 shares of the exchange traded fund’s stock after selling 5,373 shares during the quarter. Sigma Planning Corp’s holdings in SPDR Gold Shares were worth $14,721,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Wealth Management Group LLC acquired a new stake in shares of SPDR Gold Shares in the first quarter worth $30,000. Parvin Asset Management LLC purchased a new position in shares of SPDR Gold Shares during the first quarter worth $31,000. NBH Bank purchased a new position in shares of SPDR Gold Shares during the second quarter worth $41,000. RHL Group LLC raised its holdings in shares of SPDR Gold Shares by 48.9% during the second quarter. RHL Group LLC now owns 131 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 43 shares during the last quarter. Finally, Ballast Advisors LLC acquired a new position in SPDR Gold Shares during the first quarter valued at $57,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Falling U.S. Treasury yields and rising inflation expectations could eventually support gold by increasing demand for an inflation hedge and reducing the opportunity cost of holding a non-yielding asset. The October 28 Federal Reserve decision is the next major catalyst. Gold Defends $4,000 After Bounce as Fed Signals Take Center Stage
• Positive Sentiment: Some analysts view the current selloff as a temporary delay rather than the end of gold’s longer-term advance, citing geopolitical risks, elevated gold prices and strong mining-sector cash flows. War in Iran, higher energy prices are only delaying gold’s rally
• Neutral Sentiment: GLD remains a widely watched vehicle for gaining direct exposure to gold during market volatility. Its future direction will likely depend on whether easing-rate expectations and geopolitical demand outweigh inflation-driven pressure on bonds and interest rates. Gold ETFs to Watch Amid Fed Rate Hike & Oil Risks
• Negative Sentiment: Crude oil’s rise amid renewed Middle East and Hormuz tensions is increasing inflation concerns and reinforcing expectations for additional Fed tightening. That combination has pressured gold and other precious metals despite lower Treasury yields. Gold heads for steep weekly loss as Hormuz tensions lift crude
• Negative Sentiment: Gold has broken below the $4,000 support area, with technical analysts warning that further weakness could expose support near $3,942 and other lower Fibonacci levels. Strong U.S. activity data and better-than-expected consumer sentiment are also reducing immediate safe-haven demand. Gold Price Forecast: Bearish Momentum Puts Major Support at Risk

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $366.61 on Monday. The company has a market capitalization of $135.98 billion, a PE ratio of -32.43 and a beta of 0.18. The company has a fifty day moving average of $394.61 and a 200 day moving average of $398.63. SPDR Gold Shares has a 1 year low of $360.12 and a 1 year high of $509.70.

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.