Advisor Resource Council cut its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 38.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,521 shares of the exchange traded fund’s stock after selling 4,797 shares during the period. SPDR Gold Shares comprises about 3.6% of Advisor Resource Council’s portfolio, making the stock its 4th largest position. Advisor Resource Council’s holdings in SPDR Gold Shares were worth $2,673,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in GLD. Hopwood Financial Services Inc. bought a new position in shares of SPDR Gold Shares during the 3rd quarter worth approximately $27,000. Chapman Financial Group LLC acquired a new stake in shares of SPDR Gold Shares in the second quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. bought 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 in the second quarter worth $34,000. Finally, Traub Capital Management LLC acquired a new position in SPDR Gold Shares during the second quarter worth $34,000. 42.19% of the stock is owned by institutional investors.
SPDR Gold Shares Trading Up 1.6%
SPDR Gold Shares stock opened at $473.51 on Monday. SPDR Gold Shares has a 1-year low of $265.64 and a 1-year high of $509.70. The company has a fifty day simple moving average of $446.99 and a 200 day simple moving average of $394.41. The company has a market cap of $179.98 billion, a P/E ratio of -32.43 and a beta of 0.09.
Key SPDR Gold Shares News
- Positive Sentiment: Weak US employment and retail data have supported gold as investors dial back Fed‑cut hopes and real yields fall, a driver helping GLD demand. Gold Rebounds As Non Farm Payrolls Miss Estimates
- Positive Sentiment: Ongoing geopolitical risk in the Middle East continues to prompt safe‑haven buying intermittently, supporting GLD flows when tensions spike. Gold Above $5,000 as US-Iran War Fuels Volatility
- Positive Sentiment: Rising oil and renewed inflation fears can boost gold as an inflation hedge, a tailwind for GLD if energy‑driven price pressure persists. Rising Oil, Sticky Inflation and the Fed Cloud the Outlook
- Neutral Sentiment: Technical intraday chop continues — multiple outlets note short‑term patterns and resistance levels that keep trading rangebound; this raises volatility but not a clear directional bias. Gold Continues to See Intraday Pattern
- Neutral Sentiment: Weekly analysis flags a possible pullback that some analysts view as a buying opportunity — important for traders sizing entries but not an immediate sentence for GLD’s trend. Gold Weekly Price Analysis – Gold Sees Trouble for the Week
- Negative Sentiment: Flows into gold ETFs showed a large one‑day outflow (the biggest in about a decade), directly pressuring GLD’s AUM and putting short‑term downward pressure on the share price. World’s largest Gold ETF sees largest 1-day outflow in a decade
- Negative Sentiment: Several technical studies point to bearish wedge breakouts and key support tests; combined with a stronger dollar and rising bond yields, these technical and macro headwinds could drive further downside for GLD if they persist. Wedge Breakout Suggests Further Downside
- Negative Sentiment: Some market reports note gold slipping despite geopolitical tensions as traders focus on Fed signals and oil‑driven inflation swings — a reminder that safe‑haven flows can be inconsistent. Gold slips despite geopolitical tensions
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.
Featured Articles
- Five stocks we like better than SPDR Gold Shares
- The gold chart Wall Street is terrified of…
- America’s 1776 happening again
- What a Former CIA Agent Knows About the Coming Collapse
- Elon Musk already made me a “wealthy man”
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
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.
