Biltmore Wealth Management LLC Decreases Stock Position in SPDR Gold Shares $GLD

Biltmore Wealth Management LLC decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,546 shares of the exchange traded fund’s stock after selling 1,857 shares during the period. SPDR Gold Shares makes up approximately 3.7% of Biltmore Wealth Management LLC’s investment portfolio, making the stock its 11th biggest position. Biltmore Wealth Management LLC’s holdings in SPDR Gold Shares were worth $9,792,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GLD. Brighton Jones LLC grew its holdings in shares of SPDR Gold Shares by 20.4% in the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after purchasing an additional 1,903 shares in the last quarter. Bison Wealth LLC lifted its position in SPDR Gold Shares by 77.8% during the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after purchasing an additional 2,600 shares during the last quarter. Vident Advisory LLC bought a new position in SPDR Gold Shares during the first quarter valued at $279,000. Amundi grew its stake in shares of SPDR Gold Shares by 680.4% in the 1st quarter. Amundi now owns 18,925 shares of the exchange traded fund’s stock worth $5,420,000 after buying an additional 16,500 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of SPDR Gold Shares by 28.8% in the 1st quarter. AQR Capital Management LLC now owns 122,810 shares of the exchange traded fund’s stock worth $35,386,000 after buying an additional 27,431 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 2.6%

Shares of NYSEARCA GLD opened at $408.76 on Tuesday. SPDR Gold Shares has a 12-month low of $242.05 and a 12-month high of $418.45. The firm’s 50-day moving average price is $386.43 and its 200-day moving average price is $349.35. The stock has a market capitalization of $153.16 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: Geopolitical shock (U.S. operation against Venezuela’s Maduro) lifted safe‑haven flows into gold, directly supporting GLD. Stock Market Today: Gold Rallies, Oil Slips After U.S. Captures Venezuela’s Maduro
• Positive Sentiment: Analysts and strategists say gold’s rally has room to run in 2026, reinforcing investor interest in bullion ETFs like GLD. Gold will be the primary hedge and performance driver in 2026, silver could top out – Bank of America’s Widmer
• Positive Sentiment: ETF flows remain a structural tailwind: industry data show broadening investor adoption of ETFs and strong flows into alternative stores of value, supporting GLD assets under management. From Bitcoin to Bonds: Examining the 2025 ETF Heavyweights
• Neutral Sentiment: World Gold Council highlights oil and supply shocks as near‑term cues for gold — a conditional driver that could amplify or temper moves depending on oil and geopolitical developments. Gold prices will take their cues from oil this week following Venezuela attacks – World Gold Council
• Neutral Sentiment: Technical and intraday analyses provide trading levels for active traders; these are useful for short‑term positioning but don’t change GLD’s exposure to bullion price moves. Gold Market Analysis for January 5 – Key Intra-day Price Entry Levels
• Negative Sentiment: Traders warned of a likely technical correction after a large overnight jump in futures, raising short‑term pullback risk for GLD. Gold Edges Lower on Likely Technical Correction
• Negative Sentiment: Some strategists (State Street) expect gold returns to moderate in 2026 even if the uptrend continues, implying slower upside for GLD over the medium term. Gold’s rally has further to run, but returns are set to moderate in 2026 – State Street’s Aakash Doshi

SPDR Gold Shares Company 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.