Farmers & Merchants Trust Co of Chambersburg PA Acquires 1,659 Shares of SPDR Gold Shares $GLD

Posted by Brenda Bartman on Jul 9th, 2026

Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 8.5% in the first quarter, Holdings Channel reports. The institutional investor owned 21,093 shares of the exchange traded fund’s stock after purchasing an additional 1,659 shares during the period. SPDR Gold Shares makes up 2.5% of Farmers & Merchants Trust Co of Chambersburg PA’s holdings, making the stock its 8th biggest holding. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in SPDR Gold Shares were worth $9,076,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in GLD. WPG Advisers LLC purchased a new stake in SPDR Gold Shares during the fourth quarter worth approximately $25,000. Timmons Wealth Management LLC purchased a new position in SPDR Gold Shares in the fourth quarter valued at approximately $26,000. Chapman Financial Group LLC acquired a new stake in SPDR Gold Shares during the second quarter worth approximately $26,000. Vestwell Advisors LLC acquired a new stake in SPDR Gold Shares during the third quarter worth approximately $27,000. Finally, Eukles Asset Management acquired a new stake in SPDR Gold Shares during the fourth quarter worth approximately $27,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.8%

Shares of NYSEARCA:GLD opened at $374.45 on Thursday. The firm has a 50 day simple moving average of $401.29 and a 200-day simple moving average of $426.71. SPDR Gold Shares has a twelve month low of $300.95 and a twelve month high of $509.70. The company has a market capitalization of $131.32 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: Some analysts still see a constructive longer-term backdrop for gold, citing ongoing central bank buying and official-sector demand that could support prices later in 2026. Gold had a rough Q2, but central bank demand will push prices higher through 2026 – Invesco
Positive Sentiment: Renewed geopolitical tensions in the Middle East continue to keep safe-haven demand alive, which can help cushion downside in GLD when risk aversion rises. Gold Rises on Renewed Middle East Tensions
Neutral Sentiment: Several market updates say gold is testing major support levels around the $4,000 area, suggesting traders are watching for either a rebound or a deeper technical breakdown. Gold Forecast – Precious Metal Eyes Crucial $4,000 Psychological Floor
Negative Sentiment: Gold prices fell Wednesday as hawkish Fed minutes and stronger yields/dollar reduced the appeal of non-yielding assets, directly pressuring GLD. Gold slides as Fed minutes, Hormuz oil spike lift yields – Kitco PM Report
Negative Sentiment: ETF outflows in June signal investors have been reducing exposure to gold-backed funds as higher opportunity costs and rate expectations continue to weigh on sentiment. Investors flee gold ETFs in June as hawkish Fed expectations drive liquidation
Negative Sentiment: Technical commentary also remains bearish, with multiple reports saying gold is struggling at resistance and may retest lower support if yields stay elevated. Gold (XAU/USD) Price Forecast: Resistance Keeps Bears in Control

SPDR Gold Shares 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.