SPDR Gold Shares $GLD Shares Acquired by Pathway Financial Advisors LLC

Pathway Financial Advisors LLC lifted its position in SPDR Gold Shares (NYSEARCA:GLD) by 339.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,035 shares of the exchange traded fund’s stock after buying an additional 2,345 shares during the quarter. Pathway Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $1,156,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Corient Private Wealth LLC lifted its stake in SPDR Gold Shares by 571.3% in the fourth quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock valued at $1,565,118,000 after acquiring an additional 3,360,966 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of SPDR Gold Shares by 1.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 2,491,623 shares of the exchange traded fund’s stock worth $917,864,000 after purchasing an additional 35,882 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of SPDR Gold Shares during the 4th quarter worth $474,952,000. Envestnet Asset Management Inc. raised its holdings in shares of SPDR Gold Shares by 0.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,169,683 shares of the exchange traded fund’s stock valued at $430,888,000 after purchasing an additional 5,793 shares in the last quarter. Finally, Marino Management LLC bought a new position in shares of SPDR Gold Shares during the 4th quarter valued at $438,475,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: China’s central bank added 21 tonnes of gold to its reserves in September, its largest monthly purchase in three years and the 23rd consecutive month of buying. Continued official-sector demand provides an important long-term support for gold and GLD. China’s central bank buys 21 tonnes of gold in September
• Positive Sentiment: The World Gold Council reported that central banks bought a net 39 tonnes in August, led by China, Uzbekistan and Poland. Broader reserve diversification, geopolitical risks and concerns about sovereign debt could sustain investor interest in gold. Central banks add 39 net tonnes of gold in August
• Neutral Sentiment: Gold has outperformed Bitcoin and U.S. stocks over the past five years in one comparison, reinforcing its appeal as a steadier defensive asset, although the analysis is backward-looking and does not directly change GLD’s near-term fundamentals. What If You Invested $1,000 in Bitcoin 5 Years Ago?
• Neutral Sentiment: New futures trading in London and potential gold tokenization could improve market access and liquidity over time, but these developments are unlikely to be major immediate catalysts for GLD. ICE brings futures trading to London’s physical gold market
• Negative Sentiment: Gold fell toward key support near $4,100 as the dollar strengthened and long-term Treasury yields approached multi-decade highs. Attractive bond yields increase the opportunity cost of holding non-yielding gold.
• Negative Sentiment: Investors are awaiting Federal Reserve meeting minutes and a 10-year Treasury auction for clues about interest-rate policy. A hawkish interpretation or further yield increases could keep pressure on gold and GLD, while a dovish signal may trigger a rebound. Gold News: XAUUSD Slides as Fed Minutes and 10-Year Auction Test Buyers

SPDR Gold Shares Price Performance

Shares of GLD stock traded down $4.56 on Wednesday, hitting $377.71. The company’s stock had a trading volume of 4,157,627 shares, compared to its average volume of 11,699,765. SPDR Gold Shares has a fifty-two week low of $360.12 and a fifty-two week high of $509.70. The firm’s fifty day moving average price is $397.35 and its 200-day moving average price is $402.39. The stock has a market capitalization of $139.90 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.