Hibernia Wealth Partners LLC lowered its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 49.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 16,119 shares of the exchange traded fund’s stock after selling 15,512 shares during the period. SPDR Gold Shares accounts for approximately 3.7% of Hibernia Wealth Partners LLC’s holdings, making the stock its 8th largest position. Hibernia Wealth Partners LLC’s holdings in SPDR Gold Shares were worth $5,739,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of GLD. Intellus Advisors LLC raised its stake in SPDR Gold Shares by 10.4% in the third quarter. Intellus Advisors LLC now owns 2,489 shares of the exchange traded fund’s stock valued at $885,000 after buying an additional 235 shares during the period. Legacy Capital Group California Inc. boosted its stake in shares of SPDR Gold Shares by 20.7% during the 3rd quarter. Legacy Capital Group California Inc. now owns 2,785 shares of the exchange traded fund’s stock worth $990,000 after acquiring an additional 477 shares during the period. Modern Wealth Management LLC boosted its stake in shares of SPDR Gold Shares by 2.0% during the 3rd quarter. Modern Wealth Management LLC now owns 17,445 shares of the exchange traded fund’s stock worth $6,201,000 after acquiring an additional 343 shares during the period. Carmel Capital Management L.L.C. increased its holdings in shares of SPDR Gold Shares by 17.3% during the 3rd quarter. Carmel Capital Management L.L.C. now owns 1,120 shares of the exchange traded fund’s stock worth $398,000 after acquiring an additional 165 shares during the last quarter. Finally, Entrewealth LLC raised its stake in SPDR Gold Shares by 280.2% in the 3rd quarter. Entrewealth LLC now owns 3,011 shares of the exchange traded fund’s stock valued at $1,070,000 after acquiring an additional 2,219 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Price Performance
Shares of SPDR Gold Shares stock opened at $473.51 on Friday. The business has a fifty day simple moving average of $446.99 and a two-hundred day simple moving average of $393.19. SPDR Gold Shares has a 1 year low of $265.64 and a 1 year high of $509.70. The company has a market capitalization of $179.98 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.
Trending Headlines about SPDR Gold Shares
- Positive Sentiment: Weak US employment and retail data have supported gold as investors dial back Fed‑cut hopes and real yields fall, a driver helping GLD demand. Gold Rebounds As Non Farm Payrolls Miss Estimates
- Positive Sentiment: Ongoing geopolitical risk in the Middle East continues to prompt safe‑haven buying intermittently, supporting GLD flows when tensions spike. Gold Above $5,000 as US-Iran War Fuels Volatility
- Positive Sentiment: Rising oil and renewed inflation fears can boost gold as an inflation hedge, a tailwind for GLD if energy‑driven price pressure persists. Rising Oil, Sticky Inflation and the Fed Cloud the Outlook
- Neutral Sentiment: Technical intraday chop continues — multiple outlets note short‑term patterns and resistance levels that keep trading rangebound; this raises volatility but not a clear directional bias. Gold Continues to See Intraday Pattern
- Neutral Sentiment: Weekly analysis flags a possible pullback that some analysts view as a buying opportunity — important for traders sizing entries but not an immediate sentence for GLD’s trend. Gold Weekly Price Analysis – Gold Sees Trouble for the Week
- Negative Sentiment: Flows into gold ETFs showed a large one‑day outflow (the biggest in about a decade), directly pressuring GLD’s AUM and putting short‑term downward pressure on the share price. World’s largest Gold ETF sees largest 1-day outflow in a decade
- Negative Sentiment: Several technical studies point to bearish wedge breakouts and key support tests; combined with a stronger dollar and rising bond yields, these technical and macro headwinds could drive further downside for GLD if they persist. Wedge Breakout Suggests Further Downside
- Negative Sentiment: Some market reports note gold slipping despite geopolitical tensions as traders focus on Fed signals and oil‑driven inflation swings — a reminder that safe‑haven flows can be inconsistent. Gold slips despite geopolitical tensions
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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