Financial Plan Inc. purchased a new position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,198 shares of the exchange traded fund’s stock, valued at approximately $4,042,000. SPDR Gold Shares comprises approximately 0.5% of Financial Plan Inc.’s holdings, making the stock its 26th biggest position.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. First Eagle Investment Management LLC increased its stake in SPDR Gold Shares by 2.7% in the third quarter. First Eagle Investment Management LLC now owns 2,531,196 shares of the exchange traded fund’s stock worth $899,764,000 after purchasing an additional 66,416 shares during the period. Bank of Montreal Can purchased a new stake in SPDR Gold Shares in the third quarter worth $556,282,000. Ameriprise Financial Inc. increased its stake in SPDR Gold Shares by 3.4% in the third quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock worth $554,139,000 after purchasing an additional 50,756 shares during the period. Envestnet Asset Management Inc. increased its stake in SPDR Gold Shares by 3.0% in the third quarter. Envestnet Asset Management Inc. now owns 1,222,891 shares of the exchange traded fund’s stock worth $434,701,000 after purchasing an additional 35,619 shares during the period. Finally, Barclays PLC increased its stake in SPDR Gold Shares by 1.4% in the third quarter. Barclays PLC now owns 1,125,376 shares of the exchange traded fund’s stock worth $400,037,000 after purchasing an additional 15,932 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Down 2.8%
GLD stock opened at $429.57 on Wednesday. The business’s fifty day simple moving average is $448.53 and its two-hundred day simple moving average is $417.68. SPDR Gold Shares has a twelve month low of $291.78 and a twelve month high of $509.70. The firm has a market cap of $158.12 billion, a price-to-earnings ratio of -32.43 and a beta of 0.20.
More SPDR Gold Shares News
- Positive Sentiment: Major banks and strategists still expect meaningful upside for gold over the next year, which supports GLD as a long-term hedged ETF. Buy This Index Fund to Beat the S&P 500 in the Next Year, According to Wall Street Analysts
- Positive Sentiment: Commerzbank says silver’s fair value is higher and remains supported by elevated gold — a sign that bullion demand dynamics still offer upside potential for precious-metal ETFs like GLD. Silver’s fair value is closer to $40, but remains supported by higher gold prices – Commerzbank
- Neutral Sentiment: Crypto-backed gold tokens such as PAX Gold are being promoted as alternatives to physical gold and ETFs; they represent an alternative demand channel but are unlikely to move GLD flows materially in the short term. Want To Be A Millionaire? Buy Inflation‑Hedging PAX Gold
- Neutral Sentiment: Market technicals and intra-day trading guides show gold trading around key support/resistance levels; traders are watching the 50-day and shorter-term EMAs for signals — technicals could amplify moves but don’t change the macro story. Gold market analysis for April 20 – key intra-day price entry levels for active traders
- Negative Sentiment: Stronger-than-expected U.S. retail-sales data lifted the dollar and reduced gold’s appeal as an inflation hedge, a primary reason GLD is under pressure today. Update: Gold Moves Lower Again as Dollar Rises On U.S. Retail Sales Surge and Hopes of An End To Middle East War
- Negative Sentiment: Hopes for an end to Iran-related hostilities have pushed investors back into equities, prompting outflows from safe-haven assets and weighing on gold/GLD. Gold Drops as Investors Flee Safe Havens for Stocks on Iran Deal Hopes
- Negative Sentiment: ETF flow data show rotation into broad-market equity funds and away from defensive/ultra-short funds, indicating capital is moving out of GLD and other safe-haven exposures. Investors Rotate Into Equities as Iran War Fears Ease
- Negative Sentiment: Macro pressure from a firmer USDX and rising bond yields is creating near-term price weakness for gold; Kitco notes both factors pushing gold and silver lower intraday. Gold, silver sharply down amid upticks in USDX, bond yields
- Negative Sentiment: Reported central-bank or state-related selling (e.g., Russia selling ~22 tonnes this year) adds marginal supply-side pressure on bullion prices. Russia has already sold 22 tonnes of gold this year amid declining ruble, rising deficits
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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