Bank of Montreal Can Purchases New Shares in SPDR Gold Shares $GLD

Bank of Montreal Can purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,564,919 shares of the exchange traded fund’s stock, valued at approximately $556,282,000. Bank of Montreal Can owned about 0.43% of SPDR Gold Shares as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Hopwood Financial Services Inc. purchased a new position in shares of SPDR Gold Shares in the 3rd quarter worth approximately $27,000. Chapman Financial Group LLC purchased a new stake in shares of SPDR Gold Shares during the second quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of SPDR Gold Shares during the third quarter valued at approximately $31,000. Kilter Group LLC bought a new stake in SPDR Gold Shares during the second quarter worth $34,000. Finally, Traub Capital Management LLC bought a new stake in SPDR Gold Shares during the second quarter worth $34,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares News Summary

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

• Positive Sentiment: World Gold Council says investment demand for gold remains strong despite price volatility — a structural support for GLD from investor flows. Gold investment demand remains strong despite price volatility – World Gold Council’s Cavatoni
• Positive Sentiment: Analysts warn gold could attract safe-haven buying if the Iran conflict persists — a scenario that would boost GLD in a prolonged geopolitical shock. Gold could find a safe-haven bid if the Iran war drags on – Natixis’ Dahdah
• Positive Sentiment: Some market commentary points to intermittent safe-haven demand after weak U.S. jobs data and rising inflation risks, which can provide intermittent support for GLD. Gold Price Forecast: Weak Jobs Data and Inflation Risks Lift Safe-Haven Demand
• Neutral Sentiment: Intraday technical/forecast notes highlight noisy trading and key support/resistance levels; useful for short-term traders but less decisive for GLD’s medium-term direction. Gold market analysis for March 9 – key intra-day price entry levels for active traders
• Negative Sentiment: Multiple reports cite a firmer U.S. dollar and rising Treasury yields as primary near-term headwinds for gold — a macro combo that typically pressures GLD share prices. Gold News: Price Slides as Dollar Strength and Rising Yields Hit the Market
• Negative Sentiment: Oil’s sharp spike amid the Iran war (Reuters: oil soars ~25%) raises inflation and rate-hike worries — that can push investors toward cash/real-yield assets and away from gold, pressuring GLD. Oil soars 25%, gold drops as Iran war jolts global commodity markets
• Negative Sentiment: An institutional holder (Advisor Resource Council) reduced its GLD position ~39% in the most recent filing — an ETF outflow signal that can add downward pressure on GLD NAV/price. SPDR Gold Shares $GLD Shares Sold by Advisor Resource Council
• Negative Sentiment: Commentary from strategists (BNY, Kitco pieces) suggests some investors are underweight gold for a potential prolonged stagflationary impulse, implying less immediate buying interest for GLD. Gold’s fade shows investors ‘not fully positioned for a prolonged stagflationary impulse’ – BNY’s Savage

SPDR Gold Shares Trading Down 0.2%

GLD stock opened at $472.53 on Tuesday. The stock has a market cap of $179.61 billion, a P/E ratio of -32.43 and a beta of 0.09. The stock’s fifty day simple moving average is $448.46 and its two-hundred day simple moving average is $395.57. SPDR Gold Shares has a 1-year low of $265.64 and a 1-year high of $509.70.

SPDR Gold Shares Company 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.