SPDR Gold Shares $GLD Stock Sold by Sterling Investment Management LLC

Sterling Investment Management LLC lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,372 shares of the exchange traded fund’s stock after selling 2,756 shares during the quarter. SPDR Gold Shares comprises 5.3% of Sterling Investment Management LLC’s investment portfolio, making the stock its 4th biggest holding. Sterling Investment Management LLC’s holdings in SPDR Gold Shares were worth $11,186,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC lifted its stake 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 valued at $917,864,000 after buying an additional 35,882 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of SPDR Gold Shares by 0.5% in 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 acquiring an additional 5,793 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of SPDR Gold Shares by 13.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 938,260 shares of the exchange traded fund’s stock valued at $371,842,000 after acquiring an additional 109,205 shares during the period. PPSC Investment Service Corp boosted its holdings in shares of SPDR Gold Shares by 10.0% in the first quarter. PPSC Investment Service Corp now owns 781,981 shares of the exchange traded fund’s stock valued at $336,479,000 after acquiring an additional 70,775 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of SPDR Gold Shares by 1.8% during the first quarter. PNC Financial Services Group Inc. now owns 707,998 shares of the exchange traded fund’s stock worth $304,644,000 after acquiring an additional 12,415 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Falling Treasury yields, lower real yields and a softer dollar helped gold recover from its recent selloff. Reduced expectations for an October Fed rate hike also improved sentiment toward non-yielding assets. Gold Weekly Price Forecast – Gold Tests $4,000 Demand Zone as Lower Real Yields Offer Support
• Positive Sentiment: Underlying demand remains supportive: China’s central bank added 23 tonnes to its reserves, Chinese gold ETFs attracted inflows, and holiday jewelry, bar and coin demand improved. These trends may provide a floor for gold and GLD over the longer term. China buys the gold dip as ETF holdings hit record and holiday demand lifts Q4 outlook
• Neutral Sentiment: Technical conditions remain mixed. Gold has held the roughly $4,000 demand zone for multiple weeks, but the market faces resistance near $4,200–$4,226. A breakout could help GLD, while another failure would reinforce consolidation. Gold Price Forecast: Bulls Face Crucial $4,226 Resistance
• Negative Sentiment: Hot U.S. inflation data—September CPI at 3.7% and PPI rising 6.3%—kept December Fed tightening expectations alive. Higher potential rates, stronger yields and a firmer dollar initially triggered a sharp gold decline and continue to cap its recovery.
• Negative Sentiment: Wall Street remains divided and retail sentiment is becoming more bearish after gold failed to decisively clear the $4,200 area. Upcoming housing, PMI, employment and consumer-sentiment reports could create additional volatility for GLD. Wall Street undecided on gold’s near-term trajectory

SPDR Gold Shares Trading Down 0.2%

Shares of GLD opened at $382.01 on Friday. The firm has a market cap of $141.23 billion, a PE ratio of -32.43 and a beta of 0.18. The company’s 50 day simple moving average is $397.35 and its 200-day simple moving average is $400.72. SPDR Gold Shares has a 12-month low of $360.12 and a 12-month high of $509.70.

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.