Estate Counselors LLC lowered its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 88.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,140 shares of the exchange traded fund’s stock after selling 16,150 shares during the quarter. Estate Counselors LLC’s holdings in SPDR Gold Shares were worth $761,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in GLD. Chapman Financial Group LLC bought a new stake in SPDR Gold Shares during the 2nd quarter worth approximately $26,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of SPDR Gold Shares in the third quarter worth $31,000. Kilter Group LLC bought a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at $34,000. Traub Capital Management LLC bought a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at $34,000. Finally, First Command Advisory Services Inc. purchased a new position in shares of SPDR Gold Shares during the 2nd quarter valued at $43,000. 42.19% of the stock is owned by hedge funds and other institutional investors.
SPDR Gold Shares News Roundup
Here are the key news stories impacting SPDR Gold Shares this week:
- Positive Sentiment: Spot gold hit fresh all‑time highs and safe‑haven buying accelerated, supporting higher GLD NAV and demand for the ETF. Gold News: Fresh All-Time High
- Positive Sentiment: Major banks and strategists raised long‑term gold targets (Bank of America and Goldman Sachs among them), which boosts investor confidence in continued upside for bullion and GLD. Bank of America $6,000/oz
- Positive Sentiment: Gold price forecasts and bullish technical breakouts are drawing tactical and trend‑following flows into bullion ETFs like GLD. Breakout Targets Next Resistance Zone
- Positive Sentiment: High/options activity shows investor bullishness on GLD specifically—elevated call buying signals more demand for the ETF shares. High Volume Call Options on GLD
- Positive Sentiment: Infrastructure and supply moves (MKS PAMP planning U.S. expansion) point to rising physical demand and industry preparation for higher volumes, supportive for bullion prices and GLD flows. MKS PAMP US Expansion
- Neutral Sentiment: Technical and intraday analyses highlight key entry/exit levels for traders; these may amplify short‑term volatility but don’t change the underlying bull case. Intraday Price Entry Levels
- Neutral Sentiment: Silver’s run and broader precious‑metals momentum are reinforcing investor attention on metals ETFs, but cross‑metal moves can differ in magnitude and timing. Silver Soared Above $100
- Negative Sentiment: Geopolitical de‑escalation (easing U.S.–Europe tensions over Greenland) has previously trimmed gold’s gains; any sustained easing could reduce safe‑haven flows and pressure GLD. Gold Falls as Tensions Ease
- Negative Sentiment: Analysts warn silver may be in a blow‑off top with potential for deep corrections; a sharp metals selloff could spill over into gold and trigger GLD outflows/volatility. Silver Correction Risk
SPDR Gold Shares Stock Performance
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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