Integrity Advisory Solutions LLC grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 454.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,348 shares of the exchange traded fund’s stock after acquiring an additional 3,564 shares during the period. Integrity Advisory Solutions LLC’s holdings in SPDR Gold Shares were worth $1,656,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. First Nebraska Trust Co purchased a new position in shares of SPDR Gold Shares during the third quarter valued at about $312,000. IPG Investment Advisors LLC boosted its position in SPDR Gold Shares by 4.3% during the 3rd quarter. IPG Investment Advisors LLC now owns 13,805 shares of the exchange traded fund’s stock valued at $5,257,000 after acquiring an additional 567 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC boosted its position in SPDR Gold Shares by 4.1% during the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 6,101 shares of the exchange traded fund’s stock valued at $2,324,000 after acquiring an additional 240 shares in the last quarter. Next Level Wealth Planning LLC bought a new stake in SPDR Gold Shares during the 3rd quarter valued at approximately $98,000. Finally, Blue Bell Private Wealth Management LLC grew its holdings in shares of SPDR Gold Shares by 6.1% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 4,315 shares of the exchange traded fund’s stock worth $1,643,000 after acquiring an additional 248 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.
SPDR Gold Shares Stock Performance
GLD stock opened at $359.26 on Wednesday. SPDR Gold Shares has a fifty-two week low of $354.67 and a fifty-two week high of $509.70. The business’s 50 day moving average price is $387.99 and its two-hundred day moving average price is $412.34. The company has a market capitalization of $131.17 billion, a price-to-earnings ratio of -32.43 and a beta of 0.20.
Trending Headlines about SPDR Gold Shares
Here are the key news stories impacting SPDR Gold Shares this week:
- Positive Sentiment: Central-bank buying and investment demand offer fundamental support: the World Gold Council reported that central-bank purchases accelerated in the third quarter, reaching their fastest pace since late 2024, and said demand remains near record levels. Gold demand remains near record highs as central bank buying surges Central Banks Accelerated Gold Buying in Third Quarter
- Positive Sentiment: Commerzbank considers October’s sharp correction overdone, arguing that gold’s fundamental supports remain intact and the sell-off could present a buying opportunity. Gold’s October correction was overdone
- Negative Sentiment: Near-term trading signals remain weak. Gold has pulled back as Treasury yields rise and expectations of higher interest rates weigh on non-yielding bullion; analysts also cite resistance below $4,000 and the possibility of further downside. Continued weakness in gold could pressure GLD. Gold pulls back as selling resumes Critical support holds amid growing downside risk
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.
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