International Assets Investment Management LLC Purchases 104,859 Shares of SPDR Gold Shares $GLD

International Assets Investment Management LLC grew its position in SPDR Gold Shares (NYSEARCA:GLD) by 1,034.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 115,000 shares of the exchange traded fund’s stock after acquiring an additional 104,859 shares during the quarter. International Assets Investment Management LLC’s holdings in SPDR Gold Shares were worth $43,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Payden & Rygel grew its holdings in shares of SPDR Gold Shares by 40.2% in the third quarter. Payden & Rygel now owns 183,650 shares of the exchange traded fund’s stock worth $69,941,000 after purchasing an additional 52,650 shares during the last quarter. Glenview Trust Co boosted its position in SPDR Gold Shares by 13.0% during the third quarter. Glenview Trust Co now owns 4,471 shares of the exchange traded fund’s stock valued at $1,703,000 after purchasing an additional 514 shares in the last quarter. Outlook Wealth Advisors LLC boosted its holdings in shares of SPDR Gold Shares by 18.0% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 4,462 shares of the exchange traded fund’s stock valued at $1,699,000 after buying an additional 681 shares in the last quarter. Wellment Financial grew its holdings in SPDR Gold Shares by 11.8% in the third quarter. Wellment Financial now owns 1,436 shares of the exchange traded fund’s stock worth $547,000 after purchasing an additional 151 shares during the last quarter. Finally, Partners Wealth Management LLC increased its position in SPDR Gold Shares by 1,354.1% during the 3rd quarter. Partners Wealth Management LLC now owns 11,938 shares of the exchange traded fund’s stock valued at $4,547,000 after buying an additional 11,117 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 3.5%

Shares of SPDR Gold Shares stock opened at $355.78 on Friday. The firm’s 50 day simple moving average is $390.57 and its two-hundred day simple moving average is $412.97. The firm has a market capitalization of $129.86 billion, a price-to-earnings ratio of -32.43 and a beta of 0.18. SPDR Gold Shares has a 12-month low of $354.67 and a 12-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: Market technician Peter Brandt identified potential bottoming signals after GLD reached a 52-week low, which could attract bargain hunters if gold stabilizes. Gold, Silver In Spotlight After GLD Hits 52-Week Low
• Positive Sentiment: Longer-term bullish arguments remain, including elevated inflation, geopolitical risks and uncertainty surrounding the artificial-intelligence sector, all of which may support demand for gold as a safe-haven asset. Gold Just Dipped Below $4,000 Per Ounce
• Neutral Sentiment: The Swiss National Bank’s large quarterly profit from gold and foreign assets highlights the gains central-bank gold holdings can generate, but it does not directly change GLD’s near-term outlook. Swiss Central Bank Posts Bumper Profit
• Negative Sentiment: Gold’s break below $4,000 exposed support near $3,950, with forecasts warning that a move through that level could lead to a deeper correction toward roughly $3,886–$3,708. Gold Price Forecast: Mass Liquidation Puts $3,886–$3,708 in Play
• Negative Sentiment: Hot inflation data and stronger GDP increased expectations for additional Fed tightening. Higher Treasury yields and real yields raise the opportunity cost of holding non-yielding gold, weighing directly on GLD. Hot PCE Lifts Hike Odds
• Negative Sentiment: Technical analysts describe a bearish reversal, weakening monthly moving-average signals and persistent selling pressure. A break below the $3,900–$4,000 support region could accelerate liquidation and further pressure GLD. Bearish Reversal Threatens Key Support

SPDR Gold Shares Company 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.