SPDR Gold Shares $GLD Shares Acquired by Kraft Davis & Associates LLC

Kraft Davis & Associates LLC lifted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 47.9% in the third quarter, Holdings Channel.com reports. The firm owned 6,797 shares of the exchange traded fund’s stock after acquiring an additional 2,202 shares during the quarter. Kraft Davis & Associates LLC’s holdings in SPDR Gold Shares were worth $2,580,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. City Holding Co. grew its stake in SPDR Gold Shares by 41.6% in the second quarter. City Holding Co. now owns 22,914 shares of the exchange traded fund’s stock valued at $8,441,000 after purchasing an additional 6,733 shares in the last quarter. DDFG Inc increased its position in SPDR Gold Shares by 57.5% in the 2nd quarter. DDFG Inc now owns 48,753 shares of the exchange traded fund’s stock worth $17,959,000 after purchasing an additional 17,793 shares during the last quarter. Arcus Capital Partners LLC raised its stake in shares of SPDR Gold Shares by 90.3% during the 1st quarter. Arcus Capital Partners LLC now owns 8,442 shares of the exchange traded fund’s stock worth $3,633,000 after purchasing an additional 4,005 shares in the last quarter. Cidel Asset Management Inc. raised its stake in shares of SPDR Gold Shares by 69.8% during the 1st quarter. Cidel Asset Management Inc. now owns 3,368 shares of the exchange traded fund’s stock worth $1,449,000 after purchasing an additional 1,384 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its stake in shares of SPDR Gold Shares by 1.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 2,491,623 shares of the exchange traded fund’s stock worth $917,864,000 after purchasing an additional 35,882 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Lower rate and currency pressure supported gold. Easing 10-year real yields and a pullback in the dollar improved the appeal of gold, which does not generate income. Gold Tests a Bottom as 10-Year Real Yields Ease to 2.77%
• Positive Sentiment: Physical and investment demand remains resilient. The Royal Mint reported strong silver and platinum sales alongside renewed gold demand despite higher prices and bond yields. Record ETF holdings also point to continued investor interest in precious metals. Royal Mint sees record silver and platinum sales
• Positive Sentiment: Long-term structural arguments remain favorable. BlackRock’s Evy Hambro cited rising government debt, deficits, currency depreciation and geopolitical risks as potential drivers of further gold appreciation. The World Gold Council also estimates tokenized gold could unlock substantial new investment demand over time. BlackRock comments on gold demand
• Neutral Sentiment: Technical conditions are mixed. Gold is consolidating near important support, with weakening bearish momentum potentially setting up a breakout. A move above resistance could improve the outlook for GLD, while a failure to hold support would signal renewed downside risk. Gold price forecast and consolidation
• Negative Sentiment: Fed tightening remains the main headwind. Persistent inflation, firmer oil prices and elevated expectations for a December rate hike could push yields and the dollar higher, increasing the opportunity cost of holding GLD. Gold gains as Treasury yields stabilize
• Negative Sentiment: Official-sector selling adds a near-term supply risk. Russia sold approximately 6.2 tonnes of gold in September, reducing its bullion reserves to their lowest level since 2019. While one month’s sale is not decisive, it could weigh on sentiment if other holders also sell. Russia sells gold in September

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $378.95 on Thursday. The firm has a market cap of $140.06 billion, a price-to-earnings ratio of -32.43 and a beta of 0.18. SPDR Gold Shares has a 52-week low of $360.12 and a 52-week high of $509.70. The stock has a 50-day simple moving average of $395.91 and a 200-day simple moving average of $399.49.

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.