Symphony Financial Ltd. Co. Has $9.13 Million Stock Holdings in SPDR Gold Shares $GLD

Symphony Financial Ltd. Co. decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 38.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,784 shares of the exchange traded fund’s stock after selling 15,356 shares during the quarter. SPDR Gold Shares makes up about 1.0% of Symphony Financial Ltd. Co.’s holdings, making the stock its 19th biggest position. Symphony Financial Ltd. Co.’s holdings in SPDR Gold Shares were worth $9,135,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Morgan Stanley boosted its stake 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 worth $5,506,229,000 after acquiring an additional 2,539,266 shares in the last quarter. Corient Private Wealth LLC raised 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 acquiring an additional 3,360,966 shares in the last quarter. Virtu Financial LLC acquired a new stake in SPDR Gold Shares in the 4th quarter worth approximately $474,952,000. Marino Management LLC bought a new stake in SPDR Gold Shares during the fourth quarter worth approximately $438,475,000. Finally, Rockefeller Capital Management L.P. boosted its position in SPDR Gold Shares by 13.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 938,260 shares of the exchange traded fund’s stock worth $371,842,000 after purchasing an additional 109,205 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.3%

Shares of GLD stock opened at $415.26 on Friday. SPDR Gold Shares has a 12 month low of $306.43 and a 12 month high of $509.70. The company has a market cap of $146.63 billion, a PE ratio of -32.43 and a beta of 0.17. The business’s 50 day moving average is $382.14 and its two-hundred day moving average is $417.45.

Trending Headlines about SPDR Gold Shares

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

  • Positive Sentiment: The U.S. Treasury unexpectedly doubled its purchases of long-dated Treasury bonds, pushing yields and the dollar lower. Because gold does not pay interest, falling yields generally improve its relative appeal and helped drive the sharp rally in gold measured by GLD. Gold Jumps 3% as Bessent’s Treasury Steps Into Bond Rout
  • Positive Sentiment: Analysts continue to present a bullish long-term outlook. Goldman Sachs reportedly targets $5,400 gold by year-end, while Electrum Chairman Thomas Kaplan forecasts substantially higher prices over time, citing monetary risks and potential government intervention in profitable mines. Goldman Targets $5,400 Gold by Year-End Gold Price Forecast from Thomas Kaplan
  • Positive Sentiment: Unusually heavy call-option activity indicates increased bullish positioning around GLD. Traders bought nearly 535,000 call options, approximately 76% above typical volume, although options activity is a sentiment indicator rather than a fundamental change. Traders Purchase High Volume of Call Options on SPDR Gold Shares
  • Neutral Sentiment: Gold pulled back from recent highs as traders took profits following the powerful rally. This created near-term resistance for GLD even as technical momentum remains constructive. Gold, Silver and Platinum Forecasts
  • Negative Sentiment: Stronger-than-expected U.S. jobless claims and Philadelphia Fed manufacturing data reduced expectations for near-term rate relief. Recovering Treasury yields and Federal Reserve minutes indicating support for another rate increase could pressure gold and GLD if sustained. Gold Tests $4,450 as Economic Data Raises Rate Risk

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.

See Also

Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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