Richmond Investment Services LLC Purchases 3,598 Shares of SPDR Gold Shares $GLD

Posted by Stanley Muller on Jul 8th, 2026

Richmond Investment Services LLC boosted its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 136.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 6,230 shares of the exchange traded fund’s stock after purchasing an additional 3,598 shares during the period. Richmond Investment Services LLC’s holdings in SPDR Gold Shares were worth $2,681,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Corient Private Wealth LLC raised its position 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 worth $1,565,118,000 after acquiring an additional 3,360,966 shares in the last quarter. Morgan Stanley boosted its position in shares of SPDR Gold Shares by 22.4% during 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 purchasing an additional 2,539,266 shares in the last quarter. Bank of Montreal Can acquired a new stake in SPDR Gold Shares during the third quarter worth approximately $556,282,000. Virtu Financial LLC acquired a new stake in SPDR Gold Shares during the fourth quarter worth approximately $474,952,000. Finally, Marino Management LLC bought a new stake in SPDR Gold Shares in the fourth quarter worth approximately $438,475,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $377.49 on Wednesday. SPDR Gold Shares has a 52-week low of $300.95 and a 52-week high of $509.70. The business’s 50 day moving average price is $402.40 and its two-hundred day moving average price is $426.88. The firm has a market cap of $132.39 billion, a PE ratio of -32.43 and a beta of 0.17.

Key Stories Impacting SPDR Gold Shares

Here are the key news stories impacting SPDR Gold Shares this week:

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

SPDR Gold Shares Company Profile

(Free Report)

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.