SPDR Gold Shares $GLD Stock Sold by Royal Fund Management LLC

Royal Fund Management LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 83.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,717 shares of the exchange traded fund’s stock after selling 14,146 shares during the period. Royal Fund Management LLC’s holdings in SPDR Gold Shares were worth $1,035,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Sepio Capital LP raised its position in shares of SPDR Gold Shares by 9.0% during the 3rd quarter. Sepio Capital LP now owns 19,617 shares of the exchange traded fund’s stock valued at $7,471,000 after acquiring an additional 1,616 shares during the last quarter. Visionary Horizons LLC lifted its stake in shares of SPDR Gold Shares by 10.6% in the 3rd quarter. Visionary Horizons LLC now owns 7,213 shares of the exchange traded fund’s stock valued at $2,747,000 after purchasing an additional 691 shares during the period. Benin Management CORP lifted its stake in shares of SPDR Gold Shares by 5.2% in the 3rd quarter. Benin Management CORP now owns 9,078 shares of the exchange traded fund’s stock valued at $3,457,000 after purchasing an additional 450 shares during the period. Brookstone Capital Management boosted its position in shares of SPDR Gold Shares by 2.2% in the 3rd quarter. Brookstone Capital Management now owns 141,596 shares of the exchange traded fund’s stock worth $53,925,000 after purchasing an additional 3,075 shares during the last quarter. Finally, SeaCrest Wealth Management LLC boosted its position in shares of SPDR Gold Shares by 6.7% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 17,280 shares of the exchange traded fund’s stock worth $6,581,000 after purchasing an additional 1,086 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: Falling U.S. Treasury yields and rising inflation expectations could eventually support gold by increasing demand for an inflation hedge and reducing the opportunity cost of holding a non-yielding asset. The October 28 Federal Reserve decision is the next major catalyst. Gold Defends $4,000 After Bounce as Fed Signals Take Center Stage
• Positive Sentiment: Some analysts view the current selloff as a temporary delay rather than the end of gold’s longer-term advance, citing geopolitical risks, elevated gold prices and strong mining-sector cash flows. War in Iran, higher energy prices are only delaying gold’s rally
• Neutral Sentiment: GLD remains a widely watched vehicle for gaining direct exposure to gold during market volatility. Its future direction will likely depend on whether easing-rate expectations and geopolitical demand outweigh inflation-driven pressure on bonds and interest rates. Gold ETFs to Watch Amid Fed Rate Hike & Oil Risks
• Negative Sentiment: Crude oil’s rise amid renewed Middle East and Hormuz tensions is increasing inflation concerns and reinforcing expectations for additional Fed tightening. That combination has pressured gold and other precious metals despite lower Treasury yields. Gold heads for steep weekly loss as Hormuz tensions lift crude
• Negative Sentiment: Gold has broken below the $4,000 support area, with technical analysts warning that further weakness could expose support near $3,942 and other lower Fibonacci levels. Strong U.S. activity data and better-than-expected consumer sentiment are also reducing immediate safe-haven demand. Gold Price Forecast: Bearish Momentum Puts Major Support at Risk

SPDR Gold Shares Trading Down 0.6%

Shares of NYSEARCA:GLD traded down $2.39 during midday trading on Friday, hitting $366.61. The company had a trading volume of 9,930,977 shares, compared to its average volume of 11,524,645. SPDR Gold Shares has a 12 month low of $360.12 and a 12 month high of $509.70. The firm has a fifty day simple moving average of $394.61 and a 200 day simple moving average of $398.84. The stock has a market cap of $136.31 billion, a price-to-earnings ratio of -32.43 and a beta of 0.18.

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.