Integrity Advisory Solutions LLC boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 454.6% in the third quarter, HoldingsChannel reports. The fund owned 4,348 shares of the exchange traded fund’s stock after acquiring an additional 3,564 shares during the period. Integrity Advisory Solutions LLC’s holdings in SPDR Gold Shares were worth $1,656,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of GLD. First Eagle Investment Management LLC grew its holdings in SPDR Gold Shares by 1.5% in 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 purchasing an additional 35,882 shares during the period. Envestnet Asset Management Inc. lifted its holdings 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 purchasing an additional 5,793 shares during 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. PPSC Investment Service Corp boosted its position in shares of SPDR Gold Shares by 2.2% in the 3rd quarter. PPSC Investment Service Corp now owns 789,050 shares of the exchange traded fund’s stock worth $300,502,000 after purchasing an additional 16,678 shares in the last quarter. Finally, Bank of Korea bought a new stake in shares of SPDR Gold Shares in the 2nd quarter worth approximately $250,411,831. Institutional investors own 42.19% of the company’s stock.
Key Headlines Impacting SPDR Gold Shares
Here are the key news stories impacting SPDR Gold Shares this week:
- Positive Sentiment: Central-bank buying and investment demand offer fundamental support: the World Gold Council reported that central-bank purchases accelerated in the third quarter, reaching their fastest pace since late 2024, and said demand remains near record levels. Gold demand remains near record highs as central bank buying surges Central Banks Accelerated Gold Buying in Third Quarter
- Positive Sentiment: Commerzbank considers October’s sharp correction overdone, arguing that gold’s fundamental supports remain intact and the sell-off could present a buying opportunity. Gold’s October correction was overdone
- Negative Sentiment: Near-term trading signals remain weak. Gold has pulled back as Treasury yields rise and expectations of higher interest rates weigh on non-yielding bullion; analysts also cite resistance below $4,000 and the possibility of further downside. Continued weakness in gold could pressure GLD. Gold pulls back as selling resumes Critical support holds amid growing downside risk
SPDR Gold Shares Stock Down 0.7%
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.
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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).
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