Kestra Advisory Services LLC raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 9.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 400,142 shares of the exchange traded fund’s stock after acquiring an additional 33,874 shares during the period. Kestra Advisory Services LLC owned approximately 0.11% of SPDR Gold Shares worth $152,390,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the business. First Eagle Investment Management LLC increased its stake in shares of SPDR Gold Shares by 1.5% in 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 acquiring an additional 35,882 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of SPDR Gold Shares by 0.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,169,683 shares of the exchange traded fund’s stock worth $430,888,000 after purchasing an additional 5,793 shares during the last quarter. PPSC Investment Service Corp raised its holdings in shares of SPDR Gold Shares by 2.2% during the third quarter. PPSC Investment Service Corp now owns 789,050 shares of the exchange traded fund’s stock worth $300,502,000 after purchasing an additional 16,678 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in SPDR Gold Shares by 1.8% during 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 purchasing an additional 12,415 shares during the period. Finally, Bank of Korea acquired a new position in SPDR Gold Shares during the second quarter valued at $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: Gold’s rally continued, with reports citing softer yields and a weaker dollar as drivers. The World Bank also expects gold to stay above $4,000 an ounce through 2028, while central-bank purchases remain a source of demand. Gold climbs above $4,100 as falling yields, softer labor costs support bullion World Bank gold outlook
- Neutral Sentiment: Technical commentary described a possible bullish reversal after gold reclaimed resistance, but noted that the broader downtrend and resistance levels could constrain the recovery. Gold bullish reversal forecast
- Negative Sentiment: Elevated real yields and upcoming U.S. jobs data could weaken gold’s momentum if they bolster expectations for tighter monetary policy. Gold also faces resistance near $4,200. Gold faces $4,200 barrier
SPDR Gold Shares Stock Performance
NYSEARCA:GLD opened at $375.49 on Friday. SPDR Gold Shares has a one year low of $354.67 and a one year high of $509.70. The firm has a market cap of $137.09 billion, a price-to-earnings ratio of -32.43 and a beta of 0.20. The firm’s fifty day moving average is $385.96 and its two-hundred day moving average is $411.85.
SPDR Gold Shares Company 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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