SPDR Gold Shares $GLD Stock: SBI Securities Co. Ltd. Reduces Stake

SBI Securities Co. Ltd. decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,863 shares of the exchange traded fund’s stock after selling 3,428 shares during the period. SBI Securities Co. Ltd.’s holdings in SPDR Gold Shares were worth $23,560,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Diamant Asset Management Inc. grew its position in shares of 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 valued at $299,942,000 after purchasing an additional 695,450 shares during the last quarter. Bank of Korea bought a new position in shares of SPDR Gold Shares in the second quarter worth about $250,411,831. CI Investments Inc. increased its stake in shares of SPDR Gold Shares by 96.7% in the first quarter. CI Investments Inc. now owns 282,364 shares of the exchange traded fund’s stock worth $121,498,000 after purchasing an additional 138,846 shares during the period. Fifth Third Bancorp increased its stake in shares of SPDR Gold Shares by 83.0% in the first quarter. Fifth Third Bancorp now owns 298,497 shares of the exchange traded fund’s stock worth $128,440,000 after purchasing an additional 135,373 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of SPDR Gold Shares during the 1st quarter worth about $46,816,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $369.00 on Friday. The stock has a 50-day simple moving average of $395.31 and a 200 day simple moving average of $399.06. SPDR Gold Shares has a twelve month low of $360.12 and a twelve month high of $509.70. The stock has a market capitalization of $137.19 billion, a PE ratio of -32.43 and a beta of 0.18.

Key SPDR Gold Shares News

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

• Positive Sentiment: Longer term, fund managers argue that elevated government debt, currency depreciation and geopolitical instability should support gold’s eventual rally. Gold miners are also generating strong cash flow at high bullion prices, potentially reinforcing investor interest in the gold complex. War in Iran, higher energy prices are only delaying gold’s rally to $5,000
• Positive Sentiment: Recent reports of record precious-metals demand and continued investor interest in gold ETFs provide a longer-term demand cushion, even as higher yields and rate expectations weigh on prices. Royal Mint sees record silver and platinum sales
• Neutral Sentiment: Analysts are watching the key $4,000-per-ounce support level and the upcoming Fed decision. A stabilization there could improve GLD’s outlook, while a decisive break could extend the decline. Gold Faces Geopolitical Pressure Despite 10-Year Real Yield Drop
• Negative Sentiment: Crude oil’s rise amid intensifying Hormuz and Iran tensions is reviving inflation fears and expectations for additional Fed tightening. Higher rates increase the opportunity cost of holding non-yielding gold. Precious metals tumble as Hormuz tensions intensify
• Negative Sentiment: U.S. weekly jobless claims fell more than expected to a three-month low, suggesting a resilient labor market and potentially giving the Fed more room to keep policy restrictive. Gold prices under pressure as jobless claims fall
• Negative Sentiment: Meta’s increased AI spending triggered a broader technology-related liquidation and risk reduction, contributing to unusually sharp gold selling despite lower real Treasury yields. Gold dives as Meta boosts AI spending

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.