Allegheny Financial Group Has $817,000 Stake in SPDR Gold Shares $GLD

Allegheny Financial Group cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 51.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,298 shares of the exchange traded fund’s stock after selling 2,436 shares during the quarter. Allegheny Financial Group’s holdings in SPDR Gold Shares were worth $817,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Nicholson Wealth Management Group LLC lifted its holdings in shares of SPDR Gold Shares by 5.0% in the 2nd quarter. Nicholson Wealth Management Group LLC now owns 3,755 shares of the exchange traded fund’s stock worth $1,145,000 after purchasing an additional 179 shares in the last quarter. Joseph P. Lucia & Associates LLC increased its stake in SPDR Gold Shares by 8.5% during the 2nd quarter. Joseph P. Lucia & Associates LLC now owns 1,689 shares of the exchange traded fund’s stock valued at $515,000 after purchasing an additional 132 shares in the last quarter. Princeton Capital Management LLC acquired a new position in SPDR Gold Shares during the second quarter worth $220,000. Spirepoint Private Client LLC acquired a new position in SPDR Gold Shares during the third quarter worth $742,000. Finally, FAS Wealth Partners Inc. lifted its stake in shares of SPDR Gold Shares by 71.1% in the third quarter. FAS Wealth Partners Inc. now owns 20,916 shares of the exchange traded fund’s stock valued at $7,435,000 after buying an additional 8,691 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Fed rate‑cut prospects and easing expectations are supporting bullion’s appeal as a non‑yielding asset, a driver that typically boosts demand for GLD. Gold Rises Amid Fed Rate-Cut Prospects
• Positive Sentiment: UBS projects materially higher end‑of‑year gold (US$5,900/oz) on Fed easing and central bank/sovereign buying — bullish institutional forecasts can lift ETF flows into GLD. Gold will hit $5,900/oz by year end on Fed easing, sovereign buying – UBS
• Positive Sentiment: Analysts and industry notes argue recent drawdowns are tactical rather than regime shifts, implying pullbacks may be buying opportunities for long‑term allocations to gold/GLD. Gold’s most extreme drawdowns signal tactical reassessments, not durable regime shifts – WisdomTree’s Gannatti
• Positive Sentiment: Structural demand themes — tokenized gold/liquidity changes and central‑bank buying — continue to be cited as supportive for the bullion market and could increase ETF flows over time. Tokenized gold is having a major impact on the broader bullion market – SocGen
• Neutral Sentiment: Macro and technical reports show gold is volatile but remains a portfolio diversifier — this supports longer‑term interest in GLD while allowing short‑term swings. Gold can be volatile, but it’s still an important portfolio diversifier, says MarketVector’s Yang
• Neutral Sentiment: Technical analysts show mixed signals: $5,000 area is a key battleground — a decisive break higher would be bullish, while failure opens room for corrective moves that affect short‑term GLD flows. Gold (XAUUSD) Price Forecast: Is the Gold Market Coiling for a Breakout Rally?
• Negative Sentiment: Near‑term profit‑taking and technical corrections have been cited as reasons for recent weakness, pressuring spot gold and ETF sellers like GLD. Gold Falls on Possible Technical Correction
• Negative Sentiment: Official warnings (e.g., Treasury calling gold a “bubble”) and headline skepticism can dampen speculative flows and retail interest, adding downward pressure on GLD during volatile windows. Treasury calls gold a ‘bubble’ while banks target $6,000: Feneck warns of ‘commodity war’

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $462.40 on Wednesday. The company has a 50-day moving average price of $421.45 and a 200-day moving average price of $374.03. The stock has a market capitalization of $175.76 billion, a P/E ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 1 year low of $261.25 and a 1 year high of $509.70.

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.