VestGen Advisors LLC cut its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 23.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,735 shares of the exchange traded fund’s stock after selling 8,681 shares during the period. VestGen Advisors LLC’s holdings in SPDR Gold Shares were worth $10,562,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the company. City Holding Co. increased its position in shares of SPDR Gold Shares by 41.6% during the 2nd quarter. City Holding Co. now owns 22,914 shares of the exchange traded fund’s stock worth $8,441,000 after purchasing an additional 6,733 shares during the last quarter. DDFG Inc lifted its position in SPDR Gold Shares by 57.5% in the second quarter. DDFG Inc now owns 48,753 shares of the exchange traded fund’s stock valued at $17,959,000 after buying an additional 17,793 shares during the last quarter. Arcus Capital Partners LLC lifted its position in SPDR Gold Shares by 90.3% in the first quarter. Arcus Capital Partners LLC now owns 8,442 shares of the exchange traded fund’s stock valued at $3,633,000 after buying an additional 4,005 shares during the last quarter. Wellington Management Group LLP boosted its stake in SPDR Gold Shares by 20.8% during the second quarter. Wellington Management Group LLP now owns 80,567 shares of the exchange traded fund’s stock worth $29,679,000 after buying an additional 13,877 shares during the period. Finally, First Eagle Investment Management LLC boosted its stake in 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 worth $917,864,000 after buying an additional 35,882 shares during the period. 42.19% of the stock is owned by hedge funds and other institutional investors.
SPDR Gold Shares Price Performance
Shares of GLD opened at $373.51 on Thursday. SPDR Gold Shares has a 1-year low of $361.36 and a 1-year high of $509.70. The stock has a market cap of $136.33 billion, a PE ratio of -32.43 and a beta of 0.18. The firm has a 50-day simple moving average of $392.67 and a two-hundred day simple moving average of $413.53.
SPDR Gold Shares News Roundup
- Positive Sentiment: Options activity was unusually bullish, with investors purchasing approximately 609,835 call options—about 56% above average call volume. This indicates increased speculative interest in further upside for GLD, although options activity does not guarantee a sustained rally.
- Positive Sentiment: Gold’s ability to hold above the psychologically important $4,000 level and signs of a rebound suggest underlying demand remains present. Safe-haven interest could also benefit GLD if economic or geopolitical uncertainty increases. Gold Clings to Gains Above $4,000 as Markets Await Fed
- Positive Sentiment: SPDR Gold Shares continues to offer direct exposure to physical gold and may appeal to investors seeking an inflation hedge or store of value, particularly if confidence in economic growth weakens. SPDR Gold Shares vs. iShares Silver Trust: Looking for an Inflation Hedge?
- Neutral Sentiment: The Federal Reserve voted 10-2 to keep its policy rate at 3.75%–4.00%, as markets expected. The decision removes an immediate rate-hike shock, but the dissenting votes and continued tightening bias leave future policy uncertain. Gold price drops to $4,035/oz as Fed votes 10-2 in favor of rate hold
- Neutral Sentiment: Analysts remain divided: some see a path toward substantially higher gold prices, while others expect a deeper correction. This wide range of forecasts is likely to keep GLD volatile.
- Negative Sentiment: Gold pulled back as Treasury yields rose ahead of the Fed decision, increasing the opportunity cost of holding a non-yielding asset such as gold. Gold Pulls Back As Traders Prepare For Fed Decision
- Negative Sentiment: Sucden Financial warned that gold could fall toward $3,900 by year-end if the Fed maintains its restrictive stance. Technical analysts also identify moving-average resistance and a vulnerable bearish trend. Gold prices could fall to $3,900
- Negative Sentiment: Gold’s recent decline—reported as roughly 26% below its high—has weakened momentum and increased investor focus on whether support near $4,000 can hold. Gold ETF is down 26% from its high
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.
Featured Articles
- Five stocks we like better than SPDR Gold Shares
- Boeing Got Its MAX 10 Approval, But Q3 Delivered a Reality Check
- The Invisible AI Backbone: Corning’s AI Fiber Play
- Heavy Metal: Why Nucor Could Be an Overlooked AI Infrastructure Winner
- Why Tesla’s Upside Is About More Than a SpaceX Merger
Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.
