SPDR Gold Shares $GLD Shares Sold by AdvisorNet Financial Inc

AdvisorNet Financial Inc cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,120 shares of the exchange traded fund’s stock after selling 3,274 shares during the quarter. SPDR Gold Shares comprises approximately 1.3% of AdvisorNet Financial Inc’s portfolio, making the stock its 15th biggest holding. AdvisorNet Financial Inc’s holdings in SPDR Gold Shares were worth $22,793,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Norman Fields Gottscho Capital Management LLC increased its stake in shares of SPDR Gold Shares by 3.9% during the 3rd quarter. Norman Fields Gottscho Capital Management LLC now owns 4,886 shares of the exchange traded fund’s stock valued at $1,737,000 after acquiring an additional 182 shares during the last quarter. Lifestyle Asset Management Inc. raised its position in SPDR Gold Shares by 50.9% in the third quarter. Lifestyle Asset Management Inc. now owns 5,854 shares of the exchange traded fund’s stock valued at $2,081,000 after purchasing an additional 1,975 shares during the period. McHugh Group LLC raised its position in SPDR Gold Shares by 0.8% in the third quarter. McHugh Group LLC now owns 6,285 shares of the exchange traded fund’s stock valued at $2,234,000 after purchasing an additional 50 shares during the period. LVM Capital Management Ltd. MI lifted its stake in shares of SPDR Gold Shares by 2.7% during the third quarter. LVM Capital Management Ltd. MI now owns 7,525 shares of the exchange traded fund’s stock worth $2,675,000 after purchasing an additional 200 shares in the last quarter. Finally, Legacy Solutions LLC boosted its position in shares of SPDR Gold Shares by 4.1% in the third quarter. Legacy Solutions LLC now owns 3,712 shares of the exchange traded fund’s stock worth $1,320,000 after buying an additional 147 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares News Summary

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

• Positive Sentiment: Cooling U.S. inflation and rising Fed‑cut bets are lifting gold’s appeal; analysts say softer CPI/consumer‑sentiment data increases the probability of rate cuts, which typically boosts non‑yielding assets like GLD. Read More.
• Positive Sentiment: Spot gold spiked after a weaker final U.S. Consumer Sentiment print and easing inflation expectations, signaling short‑term bullish flows into physical gold and ETFs such as GLD. Read More.
• Positive Sentiment: Tame U.S. CPI prints over the last 48 hours have repeatedly supported gold rallies—this macro backdrop underpins continued investor rotation into gold ETFs. Read More.
• Neutral Sentiment: Technical action is mixed: gold has consolidated in a tight range near record highs with low volatility — a breakout would be bullish, but until that occurs price movement may remain choppy. Read More.
• Neutral Sentiment: Political/newsflow developments could matter over the medium term: an Italian parliamentary panel formally asserting that central‑bank gold belongs to “the people” adds a geopolitical/legal headline but immediate market impact is uncertain. Read More.
• Negative Sentiment: There is intermittent profit‑taking and short‑term pullbacks—several reports note gold retreating from session highs and occasional lower‑volatility trading, which can cap GLD’s upside until a clear breakout. Read More.

SPDR Gold Shares Stock Performance

GLD stock opened at $399.02 on Friday. The firm has a market cap of $144.41 billion, a P/E ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 1 year low of $239.58 and a 1 year high of $403.30. The stock has a 50-day simple moving average of $381.49 and a 200-day simple moving average of $341.50.

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.