Partners Wealth Management LLC increased its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 1,354.1% during the third quarter, Holdings Channel reports. The firm owned 11,938 shares of the exchange traded fund’s stock after buying an additional 11,117 shares during the quarter. Partners Wealth Management LLC’s holdings in SPDR Gold Shares were worth $4,547,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of GLD. First Eagle Investment Management LLC increased its position in SPDR Gold Shares by 1.5% during the second quarter. First Eagle Investment Management LLC now owns 2,491,623 shares of the exchange traded fund’s stock worth $917,864,000 after buying an additional 35,882 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in SPDR Gold Shares by 0.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,169,683 shares of the exchange traded fund’s stock valued at $430,888,000 after buying an additional 5,793 shares during the period. PNC Financial Services Group Inc. raised its stake in SPDR Gold Shares by 1.8% in the first quarter. PNC Financial Services Group Inc. now owns 707,998 shares of the exchange traded fund’s stock valued at $304,644,000 after buying an additional 12,415 shares during the period. PPSC Investment Service Corp raised its stake in SPDR Gold Shares by 2.2% in the third quarter. PPSC Investment Service Corp now owns 789,050 shares of the exchange traded fund’s stock valued at $300,502,000 after buying an additional 16,678 shares during the period. Finally, Bank of Korea acquired a new stake in shares of SPDR Gold Shares in the second quarter valued at approximately $250,411,831. 42.19% of the stock is currently owned by institutional investors and hedge funds.
SPDR Gold Shares News Roundup
Here are the key news stories impacting SPDR Gold Shares this week:
- Positive Sentiment: Unusually heavy options activity provided a bullish counterpoint, with traders purchasing approximately 609,835 GLD call options—about 56% above typical daily call volume. The activity may signal expectations for a rebound or increased demand for upside protection.
- Neutral Sentiment: GLD continues to offer direct exposure to physical gold and may retain appeal as an inflation hedge or safe-haven asset during periods of economic and geopolitical uncertainty. However, current interest-rate trends are limiting that support. SPDR Gold Shares vs. iShares Silver Trust: Looking for an Inflation Hedge?
- Negative Sentiment: The Fed held its policy rate at 3.75%–4%, but the 10-2 vote and continued focus on inflation left a future rate increase in play. Higher real yields raise the opportunity cost of holding non-yielding gold. Gold price drops to $4,035/oz as Fed votes 10-2 in favor of rate hold
- Negative Sentiment: Stronger-than-expected U.S. GDP growth and high oil prices have increased expectations that the Fed will maintain a tightening bias, pressuring gold and GLD. Gold, Silver, Platinum Forecasts – Gold Retreats As U.S. GDP Growth Rate Exceeds Estimates
- Negative Sentiment: Technical analysts warn that gold’s reversal could test support near $4,000 and then $3,900. A sustained break below those levels would suggest a deeper correction and likely weigh further on GLD. Gold Price Forecast: Bearish Reversal Threatens Key Support
SPDR Gold Shares Stock Down 1.3%
GLD opened at $368.57 on Friday. SPDR Gold Shares has a 12-month low of $361.39 and a 12-month high of $509.70. The business has a 50 day moving average of $391.76 and a 200-day moving average of $413.30. The stock has a market cap of $134.53 billion, a price-to-earnings ratio of -32.43 and a beta of 0.18.
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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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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