Sumitomo Mitsui Trust Group Inc. reduced its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 28.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,116 shares of the exchange traded fund’s stock after selling 18,041 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in SPDR Gold Shares were worth $16,988,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Corient Private Wealth LLC lifted its position in 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 buying an additional 3,360,966 shares during the last quarter. Morgan Stanley grew its position in 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 valued at $5,506,229,000 after acquiring an additional 2,539,266 shares during the last quarter. Virtu Financial LLC bought a new position in SPDR Gold Shares during the fourth quarter valued at approximately $474,952,000. Marino Management LLC bought a new position in SPDR Gold Shares during the fourth quarter valued at approximately $438,475,000. Finally, Diamant Asset Management Inc. raised its position in SPDR Gold Shares by 42,929.0% in the 1st quarter. Diamant Asset Management Inc. now owns 697,070 shares of the exchange traded fund’s stock worth $299,942,000 after purchasing an additional 695,450 shares during the period. 42.19% of the stock is currently owned by institutional investors.
SPDR Gold Shares Price Performance
Shares of SPDR Gold Shares stock opened at $401.48 on Monday. The business’s 50 day simple moving average is $380.45 and its two-hundred day simple moving average is $419.41. SPDR Gold Shares has a one year low of $305.19 and a one year high of $509.70. The stock has a market capitalization of $141.76 billion, a P/E ratio of -32.43 and a beta of 0.17.
Key Headlines Impacting SPDR Gold Shares
- Positive Sentiment: July U.S. retail sales unexpectedly fell 0.6%, while preliminary August consumer sentiment dropped to 51 versus a 54.5 consensus forecast. The weaker data increased expectations that the Fed may hold rates steady in September, supporting non-yielding gold. Gold rallies after retail sales drop
- Positive Sentiment: Cooling inflation is also helping gold: July headline PPI was flat, and recent CPI and PPI readings have reduced rate-hike concerns. A softer dollar and lower real-rate expectations generally make gold more attractive. Gold rebounds as dollar pulls back
- Positive Sentiment: Longer-term demand remains constructive. UBS strategists said gold could challenge $5,000 per ounce in the first half of 2027, citing lower real rates, a weaker dollar and strong sovereign and central-bank buying. The Bank of Korea also reported a $250 million holding in SPDR Gold Shares, its first gold-linked purchase since 2013. UBS sees gold challenging $5,000
- Neutral Sentiment: Investors are awaiting Federal Reserve meeting minutes, housing data and manufacturing PMI figures next week. These releases could cause volatility by changing views on economic growth and future interest rates. Gold looks to Fed minutes and economic data
- Negative Sentiment: Gold has struggled to extend its rebound near the $4,450–$4,500 resistance zone. Technical analysts warn that a pullback may be needed before another advance, while profit-taking, Treasury yields and geopolitical developments could cap gains. Gold pullback risk after resistance test
SPDR Gold Shares 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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