SPDR Gold Shares $GLD Position Reduced by Sarasin & Partners LLP

Sarasin & Partners LLP trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 4.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,588 shares of the exchange traded fund’s stock after selling 1,880 shares during the quarter. Sarasin & Partners LLP’s holdings in SPDR Gold Shares were worth $14,215,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. WPG Advisers LLC purchased a new position in SPDR Gold Shares during the 4th quarter worth approximately $25,000. Timmons Wealth Management LLC acquired a new stake in shares of SPDR Gold Shares in the fourth quarter worth $26,000. Eukles Asset Management purchased a new position in shares of SPDR Gold Shares during the fourth quarter valued at $27,000. Private Wealth Management Group LLC acquired a new position in SPDR Gold Shares during the first quarter valued at $30,000. Finally, Parvin Asset Management LLC acquired a new position in SPDR Gold Shares during the first quarter valued at $31,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Gold-backed ETFs recorded net inflows in July, ending a two-month streak of outflows. The renewed investor demand provides a constructive backdrop for GLD. Gold market sees positive ETF inflows in July
• Positive Sentiment: Several analysts remain bullish: BNP Paribas Wealth Management sees gold potentially reaching $5,000, while BCA argues that peaking real interest rates and a potentially weaker dollar could renew bullion’s upside. BNP Paribas gold target BCA gold outlook
• Positive Sentiment: Gold’s technical breakout above $4,200 and a bullish reversal have kept higher targets in focus, although analysts say the metal must hold key trendline support for the move to continue. Gold price forecast
• Positive Sentiment: Earlier gains were supported by weaker-than-expected private payrolls, lower Treasury yields and a softer dollar, which reduced expectations for aggressive Federal Reserve policy and increased demand for non-yielding gold. Gold rises after soft ADP data
• Neutral Sentiment: Options activity in GLD was unusually elevated, with call volume above typical levels, signaling increased bullish speculation but also potentially greater short-term volatility.
• Neutral Sentiment: Investor positioning is mixed: Greenlight Capital reduced its GLD stake, while Third Point initiated a new position. The divergence suggests hedge funds remain divided on gold’s near-term outlook. Hedge fund GLD positions
• Negative Sentiment: Gold weakened later in Thursday trading as investors took profits following the breakout. Rising oil prices, firmer Treasury yields and a stronger dollar pressured precious metals and limited GLD’s immediate upside. Investors take profits in gold
• Negative Sentiment: Upcoming U.S. payrolls data and shifting expectations for rate hikes remain important near-term risks; resilient employment data could lift yields and the dollar, weakening gold demand.

SPDR Gold Shares Trading Up 0.0%

Shares of SPDR Gold Shares stock opened at $389.67 on Friday. SPDR Gold Shares has a 1 year low of $305.19 and a 1 year high of $509.70. The company has a market cap of $137.59 billion, a P/E ratio of -32.43 and a beta of 0.17. The stock has a 50-day moving average price of $381.42 and a 200 day moving average price of $421.30.

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.