Sarasin & Partners LLP decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 4.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,588 shares of the exchange traded fund’s stock after selling 1,880 shares during the period. Sarasin & Partners LLP’s holdings in SPDR Gold Shares were worth $14,215,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Prepared Retirement Institute LLC raised its stake in shares of SPDR Gold Shares by 1.6% during the 4th quarter. Prepared Retirement Institute LLC now owns 1,328 shares of the exchange traded fund’s stock worth $526,000 after purchasing an additional 21 shares in the last quarter. Hughes Financial Services LLC grew its stake in shares of SPDR Gold Shares by 3.4% in the 4th quarter. Hughes Financial Services LLC now owns 667 shares of the exchange traded fund’s stock valued at $264,000 after buying an additional 22 shares in the last quarter. Steigerwald Gordon & Koch Inc. increased its holdings in SPDR Gold Shares by 28.7% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 112 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 25 shares during the last quarter. Leisure Capital Management increased its holdings in SPDR Gold Shares by 1.9% in the fourth quarter. Leisure Capital Management now owns 1,371 shares of the exchange traded fund’s stock worth $543,000 after buying an additional 25 shares during the last quarter. Finally, Parr Mcknight Wealth Management Group LLC raised its position in SPDR Gold Shares by 3.3% during the fourth quarter. Parr Mcknight Wealth Management Group LLC now owns 772 shares of the exchange traded fund’s stock valued at $306,000 after acquiring an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Up 0.0%
NYSEARCA GLD opened at $389.67 on Friday. The stock has a market capitalization of $137.59 billion, a PE ratio of -32.43 and a beta of 0.17. The company has a 50 day moving average price of $381.42 and a two-hundred day moving average price of $421.30. SPDR Gold Shares has a 12-month low of $305.19 and a 12-month high of $509.70.
Trending Headlines about SPDR Gold Shares
- Positive Sentiment: Gold-backed ETFs recorded net inflows in July, ending a two-month streak of outflows. The renewed investor demand provides a constructive backdrop for GLD. Gold market sees positive ETF inflows in July
- Positive Sentiment: Several analysts remain bullish: BNP Paribas Wealth Management sees gold potentially reaching $5,000, while BCA argues that peaking real interest rates and a potentially weaker dollar could renew bullion’s upside. BNP Paribas gold target BCA gold outlook
- Positive Sentiment: Gold’s technical breakout above $4,200 and a bullish reversal have kept higher targets in focus, although analysts say the metal must hold key trendline support for the move to continue. Gold price forecast
- Positive Sentiment: Earlier gains were supported by weaker-than-expected private payrolls, lower Treasury yields and a softer dollar, which reduced expectations for aggressive Federal Reserve policy and increased demand for non-yielding gold. Gold rises after soft ADP data
- Neutral Sentiment: Options activity in GLD was unusually elevated, with call volume above typical levels, signaling increased bullish speculation but also potentially greater short-term volatility.
- Neutral Sentiment: Investor positioning is mixed: Greenlight Capital reduced its GLD stake, while Third Point initiated a new position. The divergence suggests hedge funds remain divided on gold’s near-term outlook. Hedge fund GLD positions
- Negative Sentiment: Gold weakened later in Thursday trading as investors took profits following the breakout. Rising oil prices, firmer Treasury yields and a stronger dollar pressured precious metals and limited GLD’s immediate upside. Investors take profits in gold
- Negative Sentiment: Upcoming U.S. payrolls data and shifting expectations for rate hikes remain important near-term risks; resilient employment data could lift yields and the dollar, weakening gold demand.
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.
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