SPDR Gold Shares $GLD Stock Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its stake in SPDR Gold Shares (NYSEARCA:GLD) by 35.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,625 shares of the exchange traded fund’s stock after acquiring an additional 16,509 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in SPDR Gold Shares were worth $23,850,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GLD. Livelsberger Financial Advisory purchased a new stake in SPDR Gold Shares during the 3rd quarter valued at about $30,000. Parvin Asset Management LLC purchased a new position in SPDR Gold Shares in the first quarter worth about $31,000. NBH Bank purchased a new position in SPDR Gold Shares in the second quarter worth about $41,000. Trust Co. of Vermont purchased a new position in SPDR Gold Shares in the second quarter worth about $43,000. Finally, IMG Wealth Management Inc. raised its holdings in SPDR Gold Shares by 440.9% in the third quarter. IMG Wealth Management Inc. now owns 119 shares of the exchange traded fund’s stock worth $45,000 after buying an additional 97 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares News Summary

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

• Positive Sentiment: Gold’s rally continued, with reports citing softer yields and a weaker dollar as drivers. The World Bank also expects gold to stay above $4,000 an ounce through 2028, while central-bank purchases remain a source of demand. Gold climbs above $4,100 as falling yields, softer labor costs support bullion World Bank gold outlook
• Neutral Sentiment: Technical commentary described a possible bullish reversal after gold reclaimed resistance, but noted that the broader downtrend and resistance levels could constrain the recovery. Gold bullish reversal forecast
• Negative Sentiment: Elevated real yields and upcoming U.S. jobs data could weaken gold’s momentum if they bolster expectations for tighter monetary policy. Gold also faces resistance near $4,200. Gold faces $4,200 barrier

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $375.49 on Friday. The firm’s 50 day moving average price is $385.96 and its 200-day moving average price is $411.85. The company has a market cap of $137.09 billion, a PE ratio of -32.43 and a beta of 0.20. SPDR Gold Shares has a 52-week low of $354.67 and a 52-week high of $509.70.

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.