Vestmark Advisory Solutions Inc. Increases Stock Holdings in SPDR Gold Shares $GLD

Vestmark Advisory Solutions Inc. increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 172.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 202,821 shares of the exchange traded fund’s stock after acquiring an additional 128,456 shares during the period. SPDR Gold Shares makes up approximately 1.1% of Vestmark Advisory Solutions Inc.’s holdings, making the stock its 13th largest holding. Vestmark Advisory Solutions Inc. owned about 0.05% of SPDR Gold Shares worth $80,380,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Eagle Investment Management LLC increased its stake in SPDR Gold Shares by 2.7% during the 3rd 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 during the period. Bank of Montreal Can purchased a new position in SPDR Gold Shares in the 3rd quarter valued at about $556,282,000. Ameriprise Financial Inc. grew its stake in shares of SPDR Gold Shares by 3.4% during the third quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock valued at $554,139,000 after acquiring an additional 50,756 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of SPDR Gold Shares by 3.0% during the third quarter. Envestnet Asset Management Inc. now owns 1,222,891 shares of the exchange traded fund’s stock valued at $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% during the third quarter. Barclays PLC now owns 1,125,376 shares of the exchange traded fund’s stock worth $400,037,000 after acquiring an additional 15,932 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares News Roundup

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

• Neutral Sentiment: Gold and silver were mixed to slightly lower as investors weighed sticky inflation data, U.S.-Iran truce developments, and shifting rate expectations, with gold breaking below a key channel level. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks $4,520 Channel as Silver Rejects $76 — More Downside Ahead?
• Neutral Sentiment: Spot gold remained under pressure as the strong U.S. dollar, higher Treasury yields, and renewed Fed rate-hike risk kept buyers cautious near support. Gold Price Analysis: Fed Rate Risks Keep XAUUSD and XAGUSD Under Pressure
• Neutral Sentiment: Gold is consolidating in a tightening technical range, suggesting traders are waiting for a breakout before the next major trend becomes clear. Gold (XAU/USD) Price Forecast: Momentum Builds Inside Tightening Range
• Neutral Sentiment: Gold found some support from easing Treasury yields and weaker oil prices, but those gains were offset by a firmer dollar. Gold steadies, silver rises as as Hormuz risk premium fades – Kitco PM Report
• Neutral Sentiment: Some reports point to longer-term support for gold as a monetary asset, but the near-term setup remains driven by rates and technicals. Gold’s ‘golden decade’ enters next phase with new $8,900 target – In Gold We Trust Report
• Negative Sentiment: Gold has broken below key support near $4,500, and several analysts say rising yields and rate fears could leave the metal vulnerable to more downside in the short term. Gold price faces downside risk on break of 200-DMA and $4,350 critical support – Societe Generale

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $416.99 on Friday. SPDR Gold Shares has a 1 year low of $299.89 and a 1 year high of $509.70. The stock’s 50-day simple moving average is $431.02 and its 200-day simple moving average is $424.71. The firm has a market cap of $151.66 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

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.