Krilogy Financial LLC lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 26.0% during the third quarter, Holdings Channel reports. The fund owned 9,211 shares of the exchange traded fund’s stock after selling 3,229 shares during the period. Krilogy Financial LLC’s holdings in SPDR Gold Shares were worth $3,376,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Laurel Wealth Advisors LLC increased its holdings in SPDR Gold Shares by 31,232.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock worth $890,837,000 after purchasing an additional 2,913,079 shares during the period. Envestnet Asset Management Inc. grew its position in shares of SPDR Gold Shares by 3.0% during the third quarter. Envestnet Asset Management Inc. now owns 1,222,891 shares of the exchange traded fund’s stock worth $434,701,000 after buying an additional 35,619 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of SPDR Gold Shares by 108.1% during the second quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock worth $327,500,000 after buying an additional 559,507 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of SPDR Gold Shares by 15.4% during the second quarter. Rockefeller Capital Management L.P. now owns 854,436 shares of the exchange traded fund’s stock worth $260,458,000 after buying an additional 114,028 shares during the period. Finally, State Street Corp raised its holdings in SPDR Gold Shares by 5.9% in the second quarter. State Street Corp now owns 854,101 shares of the exchange traded fund’s stock valued at $260,356,000 after acquiring an additional 47,264 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.
More SPDR Gold Shares News
Here are the key news stories impacting SPDR Gold Shares this week:
- Positive Sentiment: Growing odds of Fed rate cuts and weaker dollar boost demand for non‑yielding gold, supporting GLD as a hedge against easing U.S. policy. Gold Rises Amid Fed Rate-Cut Prospects
- Positive Sentiment: Analysts warn a weak U.S. nonfarm payroll (NFP) print could trigger a breakout toward/above key psychological levels (e.g., $5,143.89), amplifying ETF inflows into GLD. Gold (XAUUSD) Price Forecast: Weak NFP Could Spark Gold Breakout Over $5143.89
- Positive Sentiment: Safe‑haven flows and dollar weakness have recently pushed spot gold above key round numbers, a technical tailwind for GLD’s price and potential ETF inflows. Safe-haven demand, outside markets push gold, silver sharply higher
- Positive Sentiment: Major bank forecasts remain bullish (UBS sees much higher year‑end gold), which can support long-term allocation to GLD. Gold will hit $5,900/oz by year end on Fed easing, sovereign buying – UBS
- Neutral Sentiment: Technical studies show gold holding key support levels (~$5,000) ahead of jobs/CPI prints — this keeps GLD vulnerable to data-driven swings rather than a steady trend. Gold and Silver Technical Analysis: Prices Hold Key Support Ahead of US Jobs Data
- Neutral Sentiment: Structural market shifts like tokenized gold are changing liquidity and access; this can support longer‑term demand but has mixed near‑term ETF flow implications. Tokenized gold is having a major impact on the broader bullion market – SocGen
- Negative Sentiment: Some profit‑taking/technical correction chatter and a recent pullback headline suggest short-term volatility that could weigh on GLD intraday. Gold Falls on Possible Technical Correction
- Negative Sentiment: Allegheny Financial Group trimmed its GLD position by about half in its latest 13F, a small signal of institutional selling (limited market impact given GLD’s size, but notable). Allegheny Financial Group Has $817,000 Stake in SPDR Gold Shares $GLD
SPDR Gold Shares Trading Down 1.0%
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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