Your Advocates Ltd. LLP decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 5.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,778 shares of the exchange traded fund’s stock after selling 2,752 shares during the quarter. SPDR Gold Shares makes up 5.8% of Your Advocates Ltd. LLP’s investment portfolio, making the stock its 8th biggest holding. Your Advocates Ltd. LLP’s holdings in SPDR Gold Shares were worth $17,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of GLD. First Eagle Investment Management LLC grew 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 buying an additional 66,416 shares in the last quarter. Bank of Montreal Can purchased a new position in SPDR Gold Shares in the third quarter worth approximately $556,282,000. Ameriprise Financial Inc. lifted its stake in SPDR Gold Shares by 3.4% in 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. grew its holdings in SPDR Gold Shares by 3.0% during the 3rd 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 in the last quarter. Finally, Barclays PLC increased its position in shares of SPDR Gold Shares by 1.4% in the 3rd quarter. Barclays PLC now owns 1,125,376 shares of the exchange traded fund’s stock valued at $400,037,000 after purchasing 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 Trading Up 1.5%
Shares of GLD opened at $423.66 on Friday. The firm has a market capitalization of $155.19 billion, a price-to-earnings ratio of -32.43 and a beta of 0.20. The firm’s fifty day simple moving average is $444.17 and its 200-day simple moving average is $419.90. SPDR Gold Shares has a twelve month low of $291.78 and a twelve month high of $509.70.
SPDR Gold Shares News Roundup
- Positive Sentiment: Central banks remain net buyers and structural supply/demand dynamics (large silver deficit, heavy central‑bank purchases of gold) support a longer‑term bull case for bullion and the GLD vehicle. Gold (XAUUSD) & Silver Price Forecast: Silver’s 762M Oz Drain – Structural Bull Case Intact?
- Positive Sentiment: Technical support: some analysts report stabilization above key Fibonacci levels (around $4,532 on XAUUSD) and identify potential rally targets near $4,800, which can spur short‑covering and bargain buying in GLD. Gold (XAUUSD) & Silver Price Forecast: $4,532 Holds – Is Gold’s Road to $4,800 Now Open?
- Neutral Sentiment: Valuation view: some outlets argue GLD (and IAU) may look attractively priced after an ~8% slide since the Iran war began, which could attract long‑term investors even as near‑term risks persist. Gold ETF Value Check: With Gold Down 8% Since the Iran War Began, Are GLD and IAU Fairly Valued at Current Levels?
- Neutral Sentiment: Intermittent rebounds tied to short‑term moves in the dollar and yields (e.g., dips in U.S. yields or a weaker dollar) are producing sporadic buying and technical recoveries that can lift GLD intraday. Gold Rises as the Dollar and Yields Fall After a Report Showed U.S. Inflation Continues to Run Hot
- Negative Sentiment: Energy/inflation shock: rising oil prices are increasing inflation expectations and pushing back market hopes for Fed rate cuts — a key headwind for gold and GLD because higher/longer rates raise real yields. Gold and Silver Technical Analysis: Oil Shock Keeps Metals Under Pressure
- Negative Sentiment: Fed stance and stronger dollar/real yields: commentary and data showing a higher‑for‑longer Fed outlook have lifted yields and the dollar, intensifying selling pressure on gold and weighing on GLD. Gold News: Gold Market Pressured by Fed Stance, Stronger Dollar, Fading Gold Breakout Hopes
- Negative Sentiment: Bearish positioning and technical setups: notable options trades (selling upside call exposure while buying puts on GLD) and technical breakdowns (bearish wedges, momentum toward support zones) signal increased downside risk and caution for GLD holders. A million-dollar gold bear emerges ahead of the Fed decision Gold (XAU/USD) Price Forecast: Rebound Faces Larger Bearish Setup
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.
Further Reading
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