SPDR Gold Shares $GLD Stake Lifted by Glaxis Capital Management LLC

Glaxis Capital Management LLC increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 68.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,920 shares of the exchange traded fund’s stock after purchasing an additional 2,000 shares during the quarter. SPDR Gold Shares accounts for 4.5% of Glaxis Capital Management LLC’s portfolio, making the stock its 6th biggest holding. Glaxis Capital Management LLC’s holdings in SPDR Gold Shares were worth $1,874,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Westside Investment Management Inc. lifted its stake in SPDR Gold Shares by 11.3% during the 3rd quarter. Westside Investment Management Inc. now owns 20,102 shares of the exchange traded fund’s stock valued at $7,655,000 after acquiring an additional 2,036 shares during the period. Horizon Wealth Management LLC boosted its holdings in shares of SPDR Gold Shares by 3.0% during the 3rd quarter. Horizon Wealth Management LLC now owns 67,877 shares of the exchange traded fund’s stock valued at $25,850,000 after acquiring an additional 1,948 shares during the last quarter. Kestra Advisory Services LLC grew its stake in shares of SPDR Gold Shares by 9.2% in the third quarter. Kestra Advisory Services LLC now owns 400,142 shares of the exchange traded fund’s stock worth $152,390,000 after acquiring an additional 33,874 shares during the period. Claro Advisors Inc. grew its stake in shares of SPDR Gold Shares by 13.4% in the third quarter. Claro Advisors Inc. now owns 3,531 shares of the exchange traded fund’s stock worth $1,345,000 after acquiring an additional 417 shares during the period. Finally, StrongBox Wealth LLC grew its stake in shares of SPDR Gold Shares by 3.0% in the third quarter. StrongBox Wealth LLC now owns 2,008 shares of the exchange traded fund’s stock worth $765,000 after acquiring an additional 59 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Up 0.8%

GLD opened at $375.49 on Friday. The firm has a 50 day moving average price of $385.96 and a 200-day moving average price of $411.85. SPDR Gold Shares has a twelve month low of $354.67 and a twelve month high of $509.70. The stock has a market capitalization of $137.09 billion, a price-to-earnings ratio of -32.43 and a beta of 0.20.

Key Headlines Impacting SPDR Gold Shares

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 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.