Fifth Third Bancorp Increases Stock Holdings in SPDR Gold Shares $GLD

Fifth Third Bancorp boosted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 83.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 298,497 shares of the exchange traded fund’s stock after buying an additional 135,373 shares during the quarter. Fifth Third Bancorp’s holdings in SPDR Gold Shares were worth $128,440,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in GLD. Corient Private Wealth LLC lifted its holdings in shares of SPDR Gold Shares by 571.3% during the 4th quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock worth $1,565,118,000 after acquiring an additional 3,360,966 shares during the period. Morgan Stanley boosted its position in shares of SPDR Gold Shares by 22.4% in the fourth quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock worth $5,506,229,000 after acquiring an additional 2,539,266 shares during the last quarter. Virtu Financial LLC purchased a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $474,952,000. Marino Management LLC purchased a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $438,475,000. Finally, Diamant Asset Management Inc. increased its position in SPDR Gold Shares by 42,929.0% during the first quarter. Diamant Asset Management Inc. now owns 697,070 shares of the exchange traded fund’s stock worth $299,942,000 after purchasing an additional 695,450 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

Key SPDR Gold Shares News

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

• Positive Sentiment: Central-bank buying continues to provide a floor for gold, with Poland adding 82 tons and other major buyers said to be “buying the dip,” reinforcing long-term demand for the metal. Poland Buys 82 Tons of Gold as Prices Fall Over 10%
• Positive Sentiment: Some traders see gold carving out a bottom after last month’s selloff, and several forecasts say renewed support above the $4,000–$4,100 area could help bulls regain momentum if inflation data or broader risk sentiment turns favorable. Gold struggles around $4,100 as markets await CPI and Warsh’s Capitol Hill debut
• Neutral Sentiment: Technical analysts say GLD is at a key inflection point, with gold testing trend resistance after a sharp correction; the next move depends on whether buyers can reclaim critical chart levels. Gold (XAU/USD) Price Forecast: Can Bulls Reclaim Critical Trend Resistance?
• Neutral Sentiment: Gold is also being capped by rising yields and dollar strength, which have weighed on the metal through much of the week and kept ETF sentiment cautious. Gold Defends $4,000 Level as Strong Dollar Caps Gains
• Negative Sentiment: Recent reports highlight that gold moved lower as Treasury yields rose, signaling continued headwinds for GLD if real rates stay elevated and investors keep rotating out of defensive assets. Update: Gold Moves Lower as Treasury Yields Rise

SPDR Gold Shares Price Performance

NYSEARCA:GLD traded down $1.17 during trading hours on Friday, reaching $377.01. 5,452,429 shares of the company were exchanged, compared to its average volume of 12,859,920. The firm has a market cap of $132.37 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a 52-week low of $300.95 and a 52-week high of $509.70. The stock has a 50 day simple moving average of $399.61 and a 200 day simple moving average of $426.21.

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.