Sterling Investment Advisors Ltd. boosted its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 22,224.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 127,027 shares of the exchange traded fund’s stock after buying an additional 126,458 shares during the quarter. SPDR Gold Shares comprises about 8.7% of Sterling Investment Advisors Ltd.’s investment portfolio, making the stock its largest holding. Sterling Investment Advisors Ltd.’s holdings in SPDR Gold Shares were worth $50,342,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GLD. Bank of Montreal Can acquired a new position in SPDR Gold Shares in the third quarter valued at approximately $556,282,000. Corient Private Wealth LLC boosted its holdings in shares of SPDR Gold Shares by 108.1% in the second quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock valued at $327,500,000 after acquiring an additional 559,507 shares during the period. Axxcess Wealth Management LLC boosted its holdings in shares of SPDR Gold Shares by 1,158.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 504,462 shares of the exchange traded fund’s stock valued at $199,923,000 after acquiring an additional 464,376 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of SPDR Gold Shares by 103.7% in the fourth quarter. Teacher Retirement System of Texas now owns 568,900 shares of the exchange traded fund’s stock valued at $225,461,000 after acquiring an additional 289,550 shares during the period. Finally, Children s Medical Center Corp acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at approximately $88,734,000. 42.19% of the stock is owned by institutional investors and hedge funds.
SPDR Gold Shares News Roundup
Here are the key news stories impacting SPDR Gold Shares this week:
- Positive Sentiment: Gold ETFs were in focus as ceasefire optimism, a weaker dollar, and cooling oil prices lifted demand for precious metals and supported GLD. Gold ETFs Shine Again as Ceasefire Hopes Lift Market Optimism
- Positive Sentiment: Gold traded higher as the U.S. dollar weakened and investors bet that easing Middle East tensions could pressure oil and support rate-cut expectations, both of which are typically favorable for GLD. Update: Gold Rises as the USD Weakens While U.S. and Iran Talk to End Their War
- Positive Sentiment: Spot gold and silver rallied in early Monday trading as a weaker dollar, lower Treasury-yield expectations, and a sharp drop in crude oil prices improved the outlook for bullion-backed funds like GLD. Gold and silver rally as Hormuz deal hopes sink oil – Kitco AM Report
- Positive Sentiment: Analysts argued the recent gold pullback may reflect temporary forced liquidation rather than a broken bull trend, suggesting the longer-term setup for GLD could remain constructive. Gold’s forced sovereign liquidations could pave the way for the metal’s next great bull run – SPI’s Stephen Innes
- Neutral Sentiment: Russia’s central bank continued trimming its gold reserves, but the move was framed as a sovereign balance-sheet issue rather than a clear near-term demand shock for GLD. Russia’s sovereign gold reserves plunge 5.7 tonnes in April to 24-year low amid mounting deficits
- Negative Sentiment: Gold edged lower later in the session as traders weighed developments around a potential U.S.-Iran deal, showing some profit-taking after the earlier rally and creating modest pressure on GLD. Gold Edges Lower as Traders Weigh U.S.-Iran Deal’s Developments
SPDR Gold Shares Stock Performance
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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Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
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