World Investment Advisors grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 23.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 32,778 shares of the exchange traded fund’s stock after buying an additional 6,151 shares during the period. World Investment Advisors’ holdings in SPDR Gold Shares were worth $12,990,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Calder Financial LLC bought a new position in SPDR Gold Shares in the 4th quarter worth about $807,000. Empirical Asset Management LLC lifted its stake in SPDR Gold Shares by 256.7% during the 3rd quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock valued at $12,941,000 after acquiring an additional 26,197 shares during the period. Colonial Trust Advisors lifted its stake in SPDR Gold Shares by 7.6% during the 3rd quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock valued at $7,010,000 after acquiring an additional 1,385 shares during the period. Spirepoint Private Client LLC bought a new position in SPDR Gold Shares during the 3rd quarter valued at about $742,000. Finally, FAS Wealth Partners Inc. lifted its stake in SPDR Gold Shares by 71.1% during the 3rd quarter. FAS Wealth Partners Inc. now owns 20,916 shares of the exchange traded fund’s stock valued at $7,435,000 after acquiring an additional 8,691 shares during the period. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
GLD opened at $445.93 on Friday. The stock has a market capitalization of $163.79 billion, a P/E ratio of -32.43 and a beta of 0.20. The company’s 50-day simple moving average is $449.69 and its two-hundred day simple moving average is $415.72. SPDR Gold Shares has a 52-week low of $291.78 and a 52-week high of $509.70.
Trending Headlines about SPDR Gold Shares
- Positive Sentiment: Bullish technical momentum building beneath key resistance; reclaiming the 50‑day MA would likely fuel further upside for gold and GLD. Gold (XAU/USD) Price Forecast: Bullish Momentum Builds Beneath Major Resistance
- Positive Sentiment: Hopes for a U.S.–Iran deal have lifted safe‑haven demand and pushed gold higher, a direct positive for GLD flows. Gold Edges Higher on Hopes for U.S.-Iran Deal
- Positive Sentiment: Dollar softness tied to ongoing diplomatic progress is reducing demand for the dollar as a haven and supporting gold prices (GLD benefits). Losses by the Dollar as Focus on Diplomacy Continues
- Positive Sentiment: Macro narrative and strong YTD performance have increased investor interest in gold ETFs; some outlets highlight GLD as a go‑to ETF before potential rate easing. Gold Soared 50% This Year. Here’s Which ETF to Buy Before Rates Fall
- Neutral Sentiment: Markets are waiting on key U.S. data (retail sales, PMI, sentiment) that could swing rates and the dollar — creating short‑term directionality risk for GLD. Gold eyes key U.S. data as markets brace for retail sales, PMI, and sentiment signals
- Neutral Sentiment: Intra‑day technical guides and quieter volatility signal consolidative trade; traders are watching specific entry/resistance levels for a confirmed breakout. Gold market analysis for April 17 – key intra-day price entry levels for active traders
- Negative Sentiment: Gold rally momentum could stall as rate‑cut odds fall and the Fed stays on hold; a firmer dollar and lower oil reduce inflation pressure, which is bearish for GLD. Gold News: Gold Rally Loses Steam as Rate Cut Odds Fall to 27%
- Negative Sentiment: Some data (Philly Fed, jobless claims) and improving geopolitical signals have weakened gold’s safe‑haven bid at times, keeping the market range‑bound and capping GLD gains. Gold’s safe-haven appeal weakening as Philly Fed Survey jumps in April
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.
Further Reading
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