WorthPointe LLC Has $2.33 Million Holdings in SPDR Gold Shares $GLD

WorthPointe LLC lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 18.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,320 shares of the exchange traded fund’s stock after selling 1,432 shares during the period. WorthPointe LLC’s holdings in SPDR Gold Shares were worth $2,328,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of GLD. Morgan Stanley grew its holdings in SPDR Gold Shares by 22.4% during the 4th quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock worth $5,506,229,000 after acquiring an additional 2,539,266 shares during the period. Corient Private Wealth LLC lifted its stake in shares of SPDR Gold Shares by 571.3% in the 4th quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock valued at $1,565,118,000 after purchasing an additional 3,360,966 shares during the period. Virtu Financial LLC acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at about $474,952,000. Marino Management LLC bought a new stake in shares of SPDR Gold Shares during the 4th quarter valued at about $438,475,000. Finally, Rockefeller Capital Management L.P. grew its stake in SPDR Gold Shares by 13.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 938,260 shares of the exchange traded fund’s stock worth $371,842,000 after purchasing an additional 109,205 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $402.78 on Thursday. The company has a market cap of $142.22 billion, a P/E ratio of -32.43 and a beta of 0.17. The stock has a 50 day simple moving average of $387.49 and a two-hundred day simple moving average of $415.03. SPDR Gold Shares has a fifty-two week low of $325.35 and a fifty-two week high of $509.70.

Key SPDR Gold Shares News

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

• Positive Sentiment: Major banks see substantial upside for gold. Goldman Sachs projects gold could reach $4,900 per ounce by year-end, citing central-bank purchases and reserve diversification. RBC expects gold to approach $5,000 in 2026 and $5,300 in 2027, driven by de-dollarization, geopolitical uncertainty and concerns about currency debasement. Goldman Sachs gold forecast RBC gold forecast
• Positive Sentiment: Institutional sentiment has improved. Schroders has re-established a gold position after taking profits in May, while analysts argue that debt, inflation and fiat-currency risks outweigh the negative effect of high real yields. This supports the case for renewed investment demand in GLD. Schroders turns bullish on gold
• Positive Sentiment: Weaker U.S. employment data provided support. August private-sector job creation came in below expectations, potentially reducing pressure for higher interest rates and helping gold recover from its early-week selloff. Technical buyers also returned after gold bounced from support near $4,283. ADP jobs data and gold
• Neutral Sentiment: Central-bank reserve activity remains a long-term tailwind. The Dutch central bank moved 86 tonnes of gold to London to improve liquidity and accessibility amid economic and geopolitical uncertainty. The move is not necessarily a new purchase, but it highlights the strategic importance of gold reserves. Dutch central bank gold transfer
• Negative Sentiment: Higher yields and rate-hike expectations remain the main risk. Treasury yields near 4.8%, a firmer dollar, rising oil prices and increased odds of a September Fed hike have pressured the non-yielding metal. Gold recently broke below several moving averages, leaving further downside risk if support fails. Gold yields and rate outlook

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.