Gunderson Capital Management LLC acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,300 shares of the exchange traded fund’s stock, valued at approximately $1,257,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. Private Wealth Management Group LLC bought a new stake in SPDR Gold Shares during the 1st quarter worth approximately $30,000. Parvin Asset Management LLC bought a new position in SPDR Gold Shares in the first quarter valued at approximately $31,000. Longview Financial Advisors Inc. bought a new position in SPDR Gold Shares in the first quarter valued at approximately $35,000. NBH Bank bought a new position in SPDR Gold Shares in the second quarter valued at approximately $41,000. Finally, Compass Financial Services Inc boosted its holdings in shares of SPDR Gold Shares by 48.8% in the fourth quarter. Compass Financial Services Inc now owns 122 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 40 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.
SPDR Gold Shares Price Performance
Shares of SPDR Gold Shares stock traded up $4.45 on Thursday, hitting $380.44. The company had a trading volume of 3,517,593 shares, compared to its average volume of 11,570,737. The stock has a 50-day moving average of $397.82 and a 200-day moving average of $401.08. SPDR Gold Shares has a twelve month low of $360.12 and a twelve month high of $509.70. The firm has a market capitalization of $140.46 billion, a P/E ratio of -32.43 and a beta of 0.18.
Key Stories Impacting SPDR Gold Shares
Here are the key news stories impacting SPDR Gold Shares this week:
- Positive Sentiment: Gold prices moved near session highs after the Philadelphia Fed manufacturing index fell to 20.9 in October from 37.8, missing expectations. Weaker regional activity may reduce pressure on interest rates and support non-yielding gold. Gold price near session high after Philly Fed survey falls
- Positive Sentiment: Longer-term demand remains constructive, with central-bank purchases and strong gold ETF inflows cited as potential support for GLD, despite short-term volatility. Zacks Analyst Blog Highlights GLD
- Neutral Sentiment: Retail sales rose 0.8% in September, beating forecasts, while jobless claims remained steady at 199,000. The resilient economy supports risk appetite but could also limit the urgency for Federal Reserve rate cuts. Gold price hits $4,154 after retail sales rise
- Negative Sentiment: Producer prices increased 1.3% in September, far above the 0.6% forecast, keeping inflation and potential rate hikes in focus. Higher yields increase the opportunity cost of holding gold and are limiting its recovery. Gold Faces Fresh Inflation Test
- Negative Sentiment: Technical analysts continue to watch the $4,000–$4,200 demand zone; a sustained break below support could trigger additional selling. Recent hotter CPI data has already lifted Treasury yields and revived expectations for further Federal Reserve tightening. Gold Tests $4,200-$4,000 Demand Zone
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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