St. Johns Investment Management Company LLC trimmed its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 6.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,979 shares of the exchange traded fund’s stock after selling 1,410 shares during the quarter. SPDR Gold Shares makes up approximately 3.4% of St. Johns Investment Management Company LLC’s portfolio, making the stock its 6th biggest holding. St. Johns Investment Management Company LLC’s holdings in SPDR Gold Shares were worth $8,166,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Morgan Stanley increased its holdings in SPDR Gold Shares by 22.4% during the 4th quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock worth $5,506,229,000 after acquiring an additional 2,539,266 shares during the period. Corient Private Wealth LLC boosted its holdings in SPDR Gold Shares by 571.3% in the 4th quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock valued at $1,565,118,000 after purchasing an additional 3,360,966 shares during the period. Bank of Montreal Can bought a new position in SPDR Gold Shares in the 3rd quarter valued at $556,282,000. Ameriprise Financial Inc. boosted its holdings in SPDR Gold Shares by 3.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock valued at $554,139,000 after purchasing an additional 50,756 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of SPDR Gold Shares during the 4th quarter valued at $474,952,000. 42.19% of the stock is currently owned by institutional investors.
More SPDR Gold Shares News
Here are the key news stories impacting SPDR Gold Shares this week:
- Positive Sentiment: Gold surged after the June employment report missed expectations, easing Fed rate-hike fears and boosting precious metals demand. Gold and silver rally as NFP miss dents Fed-hike bets – Kitco AM Report
- Positive Sentiment: Gold held and extended gains above key technical levels, with traders seeing recovery signals and short-covering into a thin holiday-session tape. Gold (XAU/USD) Price Forecast: Above Trendline Signals Recovery
- Positive Sentiment: Central bank buying remained a major support, with the World Gold Council reporting net purchases of 41 tonnes in May and multiple strategists citing diversification demand and ETF inflows as tailwinds. Central banks boost gold reserves with net 41 tonnes purchased in May – World Gold Council
- Positive Sentiment: Market commentary from HSBC and State Street pointed to further upside for gold into year-end, citing ongoing central-bank demand, ETF inflows, and diversification buying. ‘We anticipate further upside for gold by year-end’ – HSBC’s Sels and Ku
- Neutral Sentiment: Some analysts noted that high yields and a strong dollar still cap upside in the near term, even though the longer-term backdrop remains constructive. State Street’s baseline scenario sees gold price as high as $5,500/oz by Q1 2027
- Negative Sentiment: Price forecasts also highlighted resistance near recent highs and moving averages, suggesting GLD could face pauses if the current macro-driven rally loses momentum. Gold (XAU/USD) Price Forecast: Resistance Cluster Caps Upside Momentum
SPDR Gold Shares Stock Performance
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.
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