Compagnie Lombard Odier SCmA grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 2,461.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,330 shares of the exchange traded fund’s stock after acquiring an additional 3,200 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in SPDR Gold Shares were worth $1,320,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of GLD. Empirical Asset Management LLC raised its stake in shares of SPDR Gold Shares by 256.7% in the 3rd quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock worth $12,941,000 after buying an additional 26,197 shares in the last quarter. Colonial Trust Advisors lifted its holdings in shares of SPDR Gold Shares by 7.6% in the third quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock valued at $7,010,000 after buying an additional 1,385 shares during the period. Spirepoint Private Client LLC bought a new position in SPDR Gold Shares during the third quarter valued at about $742,000. FAS Wealth Partners Inc. grew its holdings in SPDR Gold Shares by 71.1% during the third quarter. FAS Wealth Partners Inc. now owns 20,916 shares of the exchange traded fund’s stock worth $7,435,000 after acquiring an additional 8,691 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in SPDR Gold Shares by 19.4% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 36,470 shares of the exchange traded fund’s stock worth $12,964,000 after acquiring an additional 5,932 shares during the period. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Trading Down 1.9%
Shares of SPDR Gold Shares stock opened at $429.41 on Friday. SPDR Gold Shares has a 52 week low of $272.58 and a 52 week high of $509.70. The stock has a market cap of $163.22 billion, a PE ratio of -32.43 and a beta of 0.09. The company’s 50-day moving average price is $454.92 and its two-hundred day moving average price is $408.52.
Key SPDR Gold Shares News
- Positive Sentiment: Central banks remained net buyers of gold in February, supporting demand for bullion-backed ETFs like GLD. Central banks remain net gold buyers in February despite rising geopolitical
- Positive Sentiment: Major banks and strategists continue to call for medium-term upside in gold on Middle East risk and diversification flows, which supports GLD as a safe‑haven holding. Gold set for new highs as Middle East conflict reshapes precious metals outlook, leading bank says
- Positive Sentiment: HSBC strategists reiterated a bullish medium-to-long term view on gold for diversification and safe‑haven flows, supporting ETF demand. ‘We remain bullish on gold over the medium to long term’ on diversification, safe-haven flows – HSBC’s Sels and Lu
- Neutral Sentiment: Technical notes: some analysts see support near short- and mid-term moving averages that could trigger a rebound if yields/dollar stabilize; others warn a break below the 50‑day MA would extend weakness. Gold (XAU/USD) Price Forecast: Buyers Eye Recovery Above Key Moving Averages
- Neutral Sentiment: ETF industry commentary and long-term ETF lists highlight GLD as a long‑term allocation tool despite near‑term volatility. 5 Good ETFs to Buy and Hold for the Long Term
- Negative Sentiment: Dollar strength and a rise in Treasury yields have pressured gold prices intraday, reducing demand for GLD as investors favor cash and rates-sensitive assets. Update: Gold Falls as the Dollar Rises After Trump Threatens to Escalate Attacks on Iran
- Negative Sentiment: Comments from U.S. leadership suggesting a longer, tougher Iran campaign relieved some immediate safe‑haven demand and sparked profit‑taking across metals and miners, amplifying pressure on GLD. Hochschild and Fresnillo slip as gold price knocked by Trump speech on Iran
- Negative Sentiment: Analysts warn that rising yields approaching key thresholds (near 5%) could tighten financial conditions and cap gold’s upside until rates stabilize. The 5% Yield Level Could Change Everything
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.
Further Reading
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.
