Baron Financial Group LLC Has $7.03 Million Stake in SPDR Gold Shares $GLD

Baron Financial Group LLC lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 8.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,729 shares of the exchange traded fund’s stock after selling 1,638 shares during the quarter. SPDR Gold Shares accounts for approximately 3.8% of Baron Financial Group LLC’s investment portfolio, making the stock its 6th biggest position. Baron Financial Group LLC’s holdings in SPDR Gold Shares were worth $7,026,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of GLD. Laurel Wealth Advisors LLC lifted its position in shares of SPDR Gold Shares by 31,232.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock worth $890,837,000 after buying an additional 2,913,079 shares during the last quarter. First Eagle Investment Management LLC grew its position 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 valued at $899,764,000 after acquiring an additional 66,416 shares during the last quarter. Bank of Montreal Can bought a new position in SPDR Gold Shares in the third quarter valued at about $556,282,000. Ameriprise Financial Inc. raised its stake in SPDR Gold Shares by 3.4% during the third quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock worth $554,139,000 after acquiring an additional 50,756 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in SPDR Gold Shares by 3.0% during 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 acquiring an additional 35,619 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 2.3%

GLD stock opened at $404.04 on Tuesday. The firm has a 50-day moving average price of $456.88 and a 200-day moving average price of $404.82. SPDR Gold Shares has a 12 month low of $272.58 and a 12 month high of $509.70. The stock has a market capitalization of $153.58 billion, a P/E ratio of -32.43 and a beta of 0.09.

Key SPDR Gold Shares News

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

• Positive Sentiment: Short-lived relief after reports that talks between the U.S. and Iran showed signs of progress briefly reversed some selling, giving speculative buyers a follow-through bounce. Article Title
• Neutral Sentiment: Coverage of alternate gold ETFs (GLDM) and technical intra-day levels may draw short-term trader interest but are unlikely to change the broader trend for GLD. Article Title
• Negative Sentiment: GLD extended a nine-session losing streak — down roughly 15% over that span — its worst nine-day performance since 2008, highlighting concentrated ETF selling pressure. Article Title
• Negative Sentiment: Options-market “skew” tied to GLD hit multi-year highs as traders position for further downside, indicating asymmetric bearish bets and increased demand for downside protection. Article Title
• Negative Sentiment: Macro drivers — stronger dollar, surging Treasury yields and a hawkish Fed path — are reducing demand for non-yielding gold, pushing prices toward multi-month lows and pressuring GLD. Article Title
• Negative Sentiment: Analysts and data point to liquidity-driven sales and possible central-bank reductions in reserve accumulation, amplifying the selloff and undermining the safe-haven narrative. Article Title
• Negative Sentiment: Broad market impact pieces note gold’s worst weekly/monthly performance in years and miners’ shares plunging — signaling sustained sentiment shift away from gold that typically dampens GLD demand. Article Title

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.