City Holding Co. lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 33.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,144 shares of the exchange traded fund’s stock after purchasing an additional 3,573 shares during the period. City Holding Co.’s holdings in SPDR Gold Shares were worth $5,028,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Chapman Financial Group LLC acquired a new stake in SPDR Gold Shares during the 2nd quarter worth about $26,000. Kilter Group LLC purchased a new position in shares of SPDR Gold Shares in the second quarter worth approximately $34,000. Traub Capital Management LLC acquired a new stake in shares of SPDR Gold Shares during the second quarter valued at approximately $34,000. Legacy Wealth Managment LLC ID raised its holdings in shares of SPDR Gold Shares by 51.1% during the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 46 shares during the period. Finally, First Command Advisory Services Inc. purchased a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at approximately $43,000. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
SPDR Gold Shares stock opened at $398.28 on Monday. SPDR Gold Shares has a 52 week low of $242.05 and a 52 week high of $418.45. The firm has a market capitalization of $149.24 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The company has a 50 day moving average price of $385.59 and a 200 day moving average price of $348.66.
Trending Headlines about SPDR Gold Shares
- Positive Sentiment: Geopolitical tensions (U.S. threats toward Iran) have pushed safe‑haven demand, lifting gold prices and supporting ETF inflows that benefit GLD. Price gains for gold, silver as U.S. threatens Iran
- Positive Sentiment: Broad market coverage notes gold rising on geopolitical risk, reinforcing the narrative that risk‑off events can drive short‑term fund flows into GLD. Gold Rises Amid Geopolitical Risks
- Positive Sentiment: Physical demand in India and China has pushed local prices to a premium over spot after the pullback from record highs, which typically supports ETFs via higher investor interest and central bank/strategic flows. Goodbye gold discounts: Prices now trade at a premium to spot in India and China following pullback from record highs
- Positive Sentiment: RBC’s bullish outlook (multi‑year target ~ $5,100/oz) and analysts’ notes highlight structural upside and diversification demand, a supportive backdrop for GLD over the medium term. Gold tipped for $5,100 in 2025 as investors still seek hedges and diversification
- Positive Sentiment: Zacks argues that Fed easing expectations and bullish forecasts make gold ETFs attractive for long‑term investors, underpinning potential sustained inflows into GLD. Why Investors Shouldn’t Bail on Gold ETFs in the Long Term
- Neutral Sentiment: Some analysts say gold may have short‑term topped and recommend watching for dip‑buying opportunities next week — signals mixed for traders but not necessarily a structural reversal for GLD. Gold and silver have topped, but look for dip-buying next week
- Neutral Sentiment: Intraday technical guides and price‑level watchlists are encouraging active trading and volatility; these notes matter more for short‑term flows than long‑term GLD allocation decisions. Gold Market Analysis for January 2 – Key Intra-day Price Entry Levels for Active Traders
- Negative Sentiment: Weekly performance shows declines and elevated volatility, which can prompt short‑term outflows from GLD as traders trim exposure. Gold Weekly Price Outlook – Gold Falls for the Week
- Negative Sentiment: Technical warnings (20‑day support breach) raise pullback risk that could pressure short‑term inflows into GLD until support is regained. Gold (XAU/USD) Price Forecast: 20-Day Support Breakdown Raises Pullback Risk
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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