104,859 SPDR Gold Shares $GLD Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 1,034.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 115,000 shares of the exchange traded fund’s stock after buying an additional 104,859 shares during the quarter. International Assets Investment Management LLC’s holdings in SPDR Gold Shares were worth $43,797,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Livelsberger Financial Advisory purchased a new position in shares of SPDR Gold Shares in the third quarter valued at approximately $30,000. Parvin Asset Management LLC purchased a new stake in shares of SPDR Gold Shares during the first quarter worth approximately $31,000. NBH Bank acquired a new position in SPDR Gold Shares in the 2nd quarter valued at $41,000. Trust Co. of Vermont acquired a new position in SPDR Gold Shares in the 2nd quarter valued at $43,000. Finally, IMG Wealth Management Inc. raised its stake in SPDR Gold Shares by 440.9% in the 3rd quarter. IMG Wealth Management Inc. now owns 119 shares of the exchange traded fund’s stock valued at $45,000 after purchasing an additional 97 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $355.78 on Friday. The stock’s fifty day moving average is $390.57 and its two-hundred day moving average is $412.97. The firm has a market capitalization of $129.86 billion, a P/E ratio of -32.43 and a beta of 0.18. SPDR Gold Shares has a fifty-two week low of $354.67 and a fifty-two week high of $509.70.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Market technician Peter Brandt identified potential bottoming signals after GLD reached a 52-week low, which could attract bargain hunters if gold stabilizes. Gold, Silver In Spotlight After GLD Hits 52-Week Low
• Positive Sentiment: Longer-term bullish arguments remain, including elevated inflation, geopolitical risks and uncertainty surrounding the artificial-intelligence sector, all of which may support demand for gold as a safe-haven asset. Gold Just Dipped Below $4,000 Per Ounce
• Neutral Sentiment: The Swiss National Bank’s large quarterly profit from gold and foreign assets highlights the gains central-bank gold holdings can generate, but it does not directly change GLD’s near-term outlook. Swiss Central Bank Posts Bumper Profit
• Negative Sentiment: Gold’s break below $4,000 exposed support near $3,950, with forecasts warning that a move through that level could lead to a deeper correction toward roughly $3,886–$3,708. Gold Price Forecast: Mass Liquidation Puts $3,886–$3,708 in Play
• Negative Sentiment: Hot inflation data and stronger GDP increased expectations for additional Fed tightening. Higher Treasury yields and real yields raise the opportunity cost of holding non-yielding gold, weighing directly on GLD. Hot PCE Lifts Hike Odds
• Negative Sentiment: Technical analysts describe a bearish reversal, weakening monthly moving-average signals and persistent selling pressure. A break below the $3,900–$4,000 support region could accelerate liquidation and further pressure GLD. Bearish Reversal Threatens Key Support

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.