SPDR Gold Shares $GLD Stock Sold by Fifth Third Securities Inc.

Fifth Third Securities Inc. reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 10.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,257 shares of the exchange traded fund’s stock after selling 6,860 shares during the quarter. SPDR Gold Shares makes up approximately 1.1% of Fifth Third Securities Inc.’s investment portfolio, making the stock its 17th largest position. Fifth Third Securities Inc.’s holdings in SPDR Gold Shares were worth $21,425,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in GLD. First Eagle Investment Management LLC boosted its stake in shares of 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 valued at $917,864,000 after purchasing an additional 35,882 shares in the last quarter. Envestnet Asset Management Inc. lifted its position 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 valued at $430,888,000 after buying an additional 5,793 shares during the last quarter. PPSC Investment Service Corp boosted its stake in SPDR Gold Shares by 10.0% in the first quarter. PPSC Investment Service Corp now owns 781,981 shares of the exchange traded fund’s stock valued at $336,479,000 after acquiring an additional 70,775 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of SPDR Gold Shares by 1.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 707,998 shares of the exchange traded fund’s stock worth $304,644,000 after purchasing an additional 12,415 shares in the last quarter. Finally, Diamant Asset Management Inc. boosted its holdings in SPDR Gold Shares by 42,929.0% in the first quarter. Diamant Asset Management Inc. now owns 697,070 shares of the exchange traded fund’s stock worth $299,942,000 after acquiring an additional 695,450 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

GLD stock traded up $0.86 during trading on Wednesday, reaching $378.51. The company had a trading volume of 3,098,703 shares, compared to its average volume of 11,483,111. The firm has a 50-day simple moving average of $396.43 and a 200-day simple moving average of $399.84. The company has a market cap of $139.90 billion, a price-to-earnings ratio of -32.43 and a beta of 0.18. SPDR Gold Shares has a twelve month low of $360.12 and a twelve month high of $509.70.

SPDR Gold Shares News Summary

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

• Positive Sentiment: Gold is attempting to establish a technical bottom as the U.S. 10-year real yield eases to 2.77%. Lower real yields generally reduce the opportunity cost of holding gold and could help stabilize GLD. Gold Tests a Bottom as 10-Year Real Yields Ease to 2.77%
• Positive Sentiment: The World Gold Council says tokenized gold could eventually unlock as much as $700 billion in new investment demand by making bullion easier to own, trade and use. This is a longer-term potential catalyst for gold-backed ETFs such as GLD. Tokenized Gold Could Unlock $700 Billion New Demand
• Positive Sentiment: Briaud Financial Planning increased its GLD position by 5,738 shares, indicating continued institutional interest, although the purchase is relatively small compared with the ETF’s overall asset base. Briaud Financial Planning Buys Shares of GLD
• Neutral Sentiment: Gold is testing important support zones while analysts identify resistance levels that could determine whether the recent decline develops into a broader recovery. ETF holdings have reached records, but strong expectations for a December Fed hike remain a major counterforce. Gold and Silver Price Forecast
• Negative Sentiment: Rising crude oil prices are reinforcing inflation concerns and keeping expectations for further Fed tightening elevated. Higher yields and a stronger dollar have weighed on gold, the primary underlying asset for GLD. Gold Falls Amid Pressure From Rising Crude Prices
• Negative Sentiment: Russia sold 6.2 tonnes of gold in September, reducing its bullion reserves to their lowest level since 2019. The sale adds near-term supply and may signal weaker official-sector demand. Russia Sells Gold in September
• Negative Sentiment: GLD is down 5.3% year to date as the interest-rate environment remains unfavorable. Investors are also directing substantial money toward a cheaper SPDR gold fund, potentially diverting flows from GLD. Investors Sent $500 Million to the Cheaper SPDR Gold Fund

About SPDR Gold Shares

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.