Murphy Middleton Hinkle & Parker Inc. Makes New $3.20 Million Investment in SPDR Gold Shares $GLD

Murphy Middleton Hinkle & Parker Inc. bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, HoldingsChannel reports. The fund bought 8,066 shares of the exchange traded fund’s stock, valued at approximately $3,197,000. SPDR Gold Shares makes up approximately 0.9% of Murphy Middleton Hinkle & Parker Inc.’s investment portfolio, making the stock its 18th biggest position.

Other hedge funds have also modified their holdings of the company. Laurel Wealth Advisors LLC lifted its position in SPDR Gold Shares by 31,232.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock worth $890,837,000 after acquiring an additional 2,913,079 shares in the last quarter. Bank of Montreal Can acquired a new stake in SPDR Gold Shares in the third quarter valued at approximately $556,282,000. Corient Private Wealth LLC raised its stake in shares of SPDR Gold Shares by 108.1% during the second quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock valued at $327,500,000 after purchasing an additional 559,507 shares during the period. Quadrature Capital Ltd acquired a new position in shares of SPDR Gold Shares during the second quarter worth $99,996,000. Finally, Flow Traders U.S. LLC lifted its position in shares of SPDR Gold Shares by 276.0% during the second quarter. Flow Traders U.S. LLC now owns 304,814 shares of the exchange traded fund’s stock worth $92,916,000 after purchasing an additional 223,744 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about SPDR Gold Shares

Here are the key news stories impacting SPDR Gold Shares this week:

• Positive Sentiment: Short-lived relief after reports that talks between the U.S. and Iran showed signs of progress briefly reversed some selling, giving speculative buyers a follow-through bounce. Article Title
• Neutral Sentiment: Coverage of alternate gold ETFs (GLDM) and technical intra-day levels may draw short-term trader interest but are unlikely to change the broader trend for GLD. Article Title
• Negative Sentiment: GLD extended a nine-session losing streak — down roughly 15% over that span — its worst nine-day performance since 2008, highlighting concentrated ETF selling pressure. Article Title
• Negative Sentiment: Options-market “skew” tied to GLD hit multi-year highs as traders position for further downside, indicating asymmetric bearish bets and increased demand for downside protection. Article Title
• Negative Sentiment: Macro drivers — stronger dollar, surging Treasury yields and a hawkish Fed path — are reducing demand for non-yielding gold, pushing prices toward multi-month lows and pressuring GLD. Article Title
• Negative Sentiment: Analysts and data point to liquidity-driven sales and possible central-bank reductions in reserve accumulation, amplifying the selloff and undermining the safe-haven narrative. Article Title
• Negative Sentiment: Broad market impact pieces note gold’s worst weekly/monthly performance in years and miners’ shares plunging — signaling sustained sentiment shift away from gold that typically dampens GLD demand. Article Title

SPDR Gold Shares Trading Down 2.3%

Shares of GLD stock opened at $404.04 on Tuesday. The firm has a fifty day simple moving average of $456.88 and a 200-day simple moving average of $404.82. The company has a market capitalization of $153.58 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a twelve month low of $272.58 and a twelve month high of $509.70.

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.