VMS Asset Management Limited bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 21,360 shares of the exchange traded fund’s stock, valued at approximately $8,465,000. SPDR Gold Shares makes up about 3.3% of VMS Asset Management Limited’s holdings, making the stock its 9th biggest holding.
Several other hedge funds have also recently modified their holdings of GLD. WPG Advisers LLC bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth approximately $25,000. Eukles Asset Management bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth approximately $27,000. Hopwood Financial Services Inc. bought a new stake in shares of SPDR Gold Shares in the 3rd quarter worth approximately $27,000. Vestwell Advisors LLC bought a new stake in shares of SPDR Gold Shares in the 3rd quarter worth approximately $27,000. Finally, USA Financial Formulas bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth approximately $31,000. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Trading Up 0.8%
NYSEARCA:GLD opened at $411.27 on Friday. The stock has a market capitalization of $149.58 billion, a PE ratio of -32.43 and a beta of 0.14. The firm’s 50 day moving average is $425.14 and its 200 day moving average is $427.44. SPDR Gold Shares has a 12 month low of $299.89 and a 12 month high of $509.70.
Trending Headlines about SPDR Gold Shares
- Positive Sentiment: Central banks bought net 17 tonnes of gold in April, reinforcing long-term demand for bullion and supporting GLD’s investment case. Central banks buy net 17 tonnes of gold in April, led by Poland and China – WGC
- Positive Sentiment: Some strategists remain bullish on gold, citing deglobalization and strategic resource competition as forces that could keep the commodity cycle strong. Deglobalization sparks race for strategic resources, driving gold and copper outlook – Sohn Montreal
- Neutral Sentiment: Gold prices briefly rebounded as the dollar and Treasury yields eased, showing that GLD can still benefit from softer rate expectations. Update: Gold Trading Higher as the Dollar and Yields Fall as Israel and Lebanon Agree to a Ceasefire
- Negative Sentiment: Gold has recently fallen below key support levels as traders price in renewed Fed hike risk, which is weighing on GLD. TD Securities cuts H2 2026 gold price forecasts as markets price in Fed rate hike
- Negative Sentiment: Stronger U.S. economic data, including upbeat services and job-creation figures, has reduced urgency for rate cuts and pressured gold prices. Gold off session lows after ISM Services PMI rises to 54.5 in May
- Negative Sentiment: Recent market commentary says China’s gold market is cooling, which may soften a major source of ETF and physical demand. China’s gold market is cooling, multiple metrics show
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.
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