Tactive Advisors LLC cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 33.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,289 shares of the exchange traded fund’s stock after selling 1,623 shares during the period. Tactive Advisors LLC’s holdings in SPDR Gold Shares were worth $1,415,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Corient Private Wealth LLC grew its stake in shares of 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 last quarter. Morgan Stanley raised its stake in shares of SPDR Gold Shares by 22.4% during the fourth quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock worth $5,506,229,000 after purchasing an additional 2,539,266 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of SPDR Gold Shares during the third quarter worth approximately $556,282,000. Virtu Financial LLC acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth $474,952,000. Finally, Marino Management LLC acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth $438,475,000. 42.19% of the stock is owned by hedge funds and other institutional investors.
SPDR Gold Shares Price Performance
NYSEARCA:GLD opened at $387.12 on Monday. The firm has a market cap of $140.80 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14. The firm’s fifty day moving average price is $417.57 and its 200 day moving average price is $428.25. SPDR Gold Shares has a 1-year low of $299.89 and a 1-year high of $509.70.
Key Headlines Impacting SPDR Gold Shares
- Positive Sentiment: Some analysts say gold’s long-term uptrend is still intact despite the Fed’s hawkish shift, arguing that inflation risks, fiscal deficits, and central bank buying could support prices over time. Gold’s bull market remains intact even with a hawkish Fed, says Axel Merk
- Positive Sentiment: Several market watchers continue to recommend gold ETFs as a long-term portfolio diversifier, suggesting structural demand for GLD may remain firm even during near-term volatility. Why Gold ETFs Still Deserve a Place in Long-Term Portfolios
- Neutral Sentiment: Gold is trading near key technical support, and analysts say the next major move may depend on whether buyers can defend that level in the coming sessions. Gold (XAU/USD) Price Forecast: Support Test Could Shape Next Major Move
- Negative Sentiment: Gold prices have been falling as the Fed’s hawkish outlook supports the dollar and lifts yields, reducing demand for bullion-backed funds like GLD. Hawkish Fed keeps pressure on gold as physical premiums soften – Kitco PM Report
- Negative Sentiment: Multiple reports say gold has extended losses and is testing lower support levels after the Fed signaled a potential rate hike later this year, keeping near-term sentiment bearish. Gold Extends Losses as Fed Rate-Hike Outlook Supports Dollar
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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