Integrated Wealth Concepts LLC lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 9.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,511 shares of the exchange traded fund’s stock after acquiring an additional 12,067 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in SPDR Gold Shares were worth $52,498,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Corient Private Wealth LLC grew its holdings in SPDR Gold Shares by 571.3% in the fourth 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 period. Morgan Stanley raised 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 buying an additional 2,539,266 shares during the period. Virtu Financial LLC purchased a new position in shares of SPDR Gold Shares during the 4th quarter valued at approximately $474,952,000. Marino Management LLC purchased a new position in shares of SPDR Gold Shares during the 4th quarter valued at approximately $438,475,000. Finally, Diamant Asset Management Inc. grew its stake 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 valued at $299,942,000 after acquiring an additional 695,450 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.
Key Stories Impacting SPDR Gold Shares
Here are the key news stories impacting SPDR Gold Shares this week:
- Positive Sentiment: China’s central bank purchased 20.2 metric tonnes of gold in August, its largest monthly increase since October 2023. Continued official-sector buying provides a fundamental demand cushion for gold and GLD. China’s central bank buys 20.2 tonnes of gold in August
- Positive Sentiment: Société Générale said ETF, futures and options positioning shows broad-based bullish exposure to gold, while Goldman Sachs’ metals chief described the recent weakness as a pause rather than the end of the bull market. These views support the longer-term outlook for GLD. Société Générale gold positioning analysis Goldman Sachs gold outlook
- Positive Sentiment: Renewed U.S.-Iran tensions and dollar weakness are offering safe-haven support, while forecasts identify a potential upside breakout if gold clears technical resistance near $4,500–$4,511. Iran risks support metals
- Neutral Sentiment: Gold remains in a tight consolidation range, with upcoming producer- and consumer-price reports likely to determine the next major move. Gold price forecast ahead of CPI
- Negative Sentiment: Higher crude oil prices, elevated Treasury yields and revived expectations for a Fed rate hike are pressuring gold by increasing the opportunity cost of holding a non-yielding asset. Strong U.S. employment data has intensified this near-term headwind. Gold and silver slip as oil spike keeps Fed hike trade alive
SPDR Gold Shares Stock Performance
About SPDR Gold Shares
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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