Montag A & Associates Inc. grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 15.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,274 shares of the exchange traded fund’s stock after acquiring an additional 2,719 shares during the quarter. Montag A & Associates Inc.’s holdings in SPDR Gold Shares were worth $8,724,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Corient Private Wealth LLC boosted its position in SPDR Gold Shares by 571.3% during the fourth 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 buying an additional 3,360,966 shares during the period. Morgan Stanley lifted its stake in shares of SPDR Gold Shares by 22.4% in the 4th quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock valued at $5,506,229,000 after acquiring an additional 2,539,266 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at about $556,282,000. Virtu Financial LLC purchased a new stake in SPDR Gold Shares during the 4th quarter valued at about $474,952,000. Finally, Marino Management LLC bought a new position in SPDR Gold Shares during the 4th quarter worth approximately $438,475,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Price Performance
Shares of SPDR Gold Shares stock opened at $377.49 on Wednesday. SPDR Gold Shares has a one year low of $300.95 and a one year high of $509.70. The business’s 50 day simple moving average is $402.40 and its two-hundred day simple moving average is $426.88. The stock has a market capitalization of $132.39 billion, a P/E ratio of -32.43 and a beta of 0.17.
Trending Headlines about SPDR Gold Shares
- Positive Sentiment: Weak June jobs data and softer inflation worries are boosting expectations that the Fed may stay on hold longer, which supports gold and gold ETFs like GLD. Weak June Jobs Data Likely to Boost These ETF Areas
- Positive Sentiment: Central banks, especially China’s central bank, are still buying gold on dips, reinforcing the long-term demand backdrop for GLD. China’s central bank buys the dip, increasing gold reserves 15 tonnes in June
- Positive Sentiment: Several analysts remain constructive, saying the recent correction may have reset the market without ending gold’s broader bull trend, with some still targeting materially higher prices ahead. Gold price may have found its floor as liquidation gives way to consolidation – Saxo Bank
- Positive Sentiment: Gold has also attracted renewed attention as a defensive asset, with commentary highlighting GLD’s strong 12-month performance and the case for more safe-haven demand. Gold Price Forecast: Why the Next Major Move Could Target $7,000+
- Neutral Sentiment: Near-term price action remains choppy: gold is trying to recover, but higher yields, a stronger dollar, and technical resistance around key moving averages could limit upside in the short run. Gold (XAU/USD) Price Forecast: Recovery Attempt Tests Major Trend Barriers
- Neutral Sentiment: Gold-related ETF commentary also shows a mixed setup, with gold viewed as stable versus silver’s stronger momentum, suggesting investors are still rotating within precious metals rather than making a decisive new bet. GLD vs SLV: Gold Stability Versus Silver Momentum
- Negative Sentiment: Gold has also faced selling pressure at times from rising Treasury yields and Fed-related caution, which can weigh on GLD in the near term. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Lower As Treasury Yields Rise
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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