Mezzasalma Advisors LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 55.8% during the third quarter, Holdings Channel reports. The firm owned 4,243 shares of the exchange traded fund’s stock after purchasing an additional 1,520 shares during the quarter. Mezzasalma Advisors LLC’s holdings in SPDR Gold Shares were worth $1,616,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Private Wealth Management Group LLC purchased a new stake in SPDR Gold Shares during the 1st quarter valued at $30,000. Parvin Asset Management LLC bought a new position in shares of SPDR Gold Shares during the 1st quarter valued at $31,000. Longview Financial Advisors Inc. purchased a new position in shares of SPDR Gold Shares in the 1st quarter worth $35,000. NBH Bank purchased a new position in shares of SPDR Gold Shares in the 2nd quarter worth $41,000. Finally, Compass Financial Services Inc boosted its stake in shares of SPDR Gold Shares by 48.8% in the 4th quarter. Compass Financial Services Inc now owns 122 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 40 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.
Key SPDR Gold Shares News
Here are the key news stories impacting SPDR Gold Shares this week:
- Positive Sentiment: Longer-term support remains from strong gold-ETF inflows, central-bank buying and UBS’s bullish outlook. Jefferies also views the current weakness as a buying opportunity and forecasts gold could reach $5,000 in 2027, which could support GLD if investor demand returns. Here’s Why Gold ETFs Still Make Sense for Long-Term Investors
- Neutral Sentiment: Market attention is focused on whether gold can stabilize around the $4,000–$4,200 demand zone. A sustained recovery would likely require easing rate-hike expectations, lower real yields or renewed safe-haven demand. U.S. Treasury’s gold revaluation could restart the debasement trade
- Negative Sentiment: September CPI came in hotter than expected, pushing Treasury yields higher and reviving the possibility of an October or year-end Fed rate hike. Gold subsequently tested critical support as investors reduced exposure to the precious metal. Gold price drops to session lows as U.S. CPI heats up
- Negative Sentiment: Technical analysts warn that intensified selling could break support near $4,066, exposing gold to approximately $4,028 and possibly $3,942. That downside risk weighs directly on GLD, which remains below key moving-average resistance. Gold Price Forecast: Selling Pressure Threatens $4,066 Support
- Negative Sentiment: Potential gold sales by Kazakhstan’s central bank, after its reserves reached a high gold allocation, add a source of supply and counter the broader central-bank buying trend. Kazakhstan plans gold sales as holdings reach 78% of reserves
SPDR Gold Shares Price 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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Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
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