CENTRAL TRUST Co cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,836 shares of the exchange traded fund’s stock after selling 2,929 shares during the period. CENTRAL TRUST Co’s holdings in SPDR Gold Shares were worth $28,073,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. AlphaStar Capital Management LLC grew its holdings in shares of SPDR Gold Shares by 18.8% in the fourth quarter. AlphaStar Capital Management LLC now owns 10,878 shares of the exchange traded fund’s stock valued at $4,311,000 after purchasing an additional 1,722 shares in the last quarter. Grantvest Financial Group LLC grew its holdings in shares of SPDR Gold Shares by 3.0% in the fourth quarter. Grantvest Financial Group LLC now owns 1,740 shares of the exchange traded fund’s stock valued at $690,000 after purchasing an additional 51 shares in the last quarter. Legacy Edge Advisors LLC acquired a new position in shares of SPDR Gold Shares in the fourth quarter valued at approximately $385,000. Breakwater Investment Management grew its holdings in shares of SPDR Gold Shares by 2.6% in the fourth quarter. Breakwater Investment Management now owns 3,031 shares of the exchange traded fund’s stock valued at $1,201,000 after purchasing an additional 78 shares in the last quarter. Finally, Pittenger & Anderson Inc. grew its holdings in shares of SPDR Gold Shares by 3,850.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 7,031 shares of the exchange traded fund’s stock valued at $2,786,000 after purchasing an additional 6,853 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.
SPDR Gold Shares Stock Performance
Shares of GLD stock opened at $423.18 on Friday. The stock has a market capitalization of $153.91 billion, a P/E ratio of -32.43 and a beta of 0.15. The company has a 50 day moving average price of $444.17 and a 200 day moving average price of $420.20. SPDR Gold Shares has a fifty-two week low of $291.78 and a fifty-two week high of $509.70.
Key SPDR Gold Shares News
- Positive Sentiment: Weak ISM data lifted gold toward session highs, a sign that slowing U.S. activity can boost safe?haven demand for GLD. Gold prices trading near session highs following disappointing ISM data
- Positive Sentiment: Bank of America reiterated a very bullish 12?month $6,000/oz gold target, which can underpin long?term investor appetite for GLD despite short?term volatility. Bank of America stands firm on 12-month $6,000 gold target, sees silver averaging $86
- Positive Sentiment: Central bank buying and structural stories for precious metals remain intact (large official purchases cited), which supports medium/long?term flows into GLD. Gold (XAUUSD) & Silver Price Forecast: Silver’s 762M Oz Drain – Structural Bull Case Intact?
- Neutral Sentiment: Gold/GLD remain rangebound and consolidating intraday as yields and Fed policy expectations cap rallies; this suggests limited immediate directional conviction. Update: Gold Edges Higher, Remaining Rangebound, As Treasury Yields Rise
- Neutral Sentiment: Technical analysis shows short?term support holding in places, with bounces likely to be capped by moving averages — useful for traders but not decisive for a trend change. Gold (XAUUSD) & Silver Price Forecast: $4,532 Holds – Is Gold’s Road to $4,800 Now Open?
- Negative Sentiment: Rising U.S. Treasury yields and a still?hawkish Fed narrative are the main headwinds keeping GLD under pressure and limiting upside. Several market reports link higher yields to recent pullbacks. Gold (XAUUSD) Price Forecast: Gold Price Consolidating as Yields Cap Rally
- Negative Sentiment: Technical studies and short?term bearish setups persist in some analyses, warning of deeper downside if key support breaks. Traders should watch those levels for potential pressure on GLD. Gold (XAU/USD) Price Forecast: Bearish Structure Persists Amid Key Resistance Zones
- Negative Sentiment: Higher oil and energy?driven inflation fears can keep rate?cut expectations delayed, which is a negative backdrop for gold until the inflation/yield picture eases. Gold and Silver Technical Analysis: Oil Shock Keeps Metals Under Pressure
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.
Further Reading
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