Renaissance Technologies LLC Buys 15,979 Shares of SPDR Gold Shares $GLD

Renaissance Technologies LLC increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 23.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 83,059 shares of the exchange traded fund’s stock after acquiring an additional 15,979 shares during the period. Renaissance Technologies LLC’s holdings in SPDR Gold Shares were worth $35,739,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Morgan Stanley raised its position in shares of SPDR Gold Shares by 22.4% in the fourth quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock valued at $5,506,229,000 after purchasing an additional 2,539,266 shares during the period. Corient Private Wealth LLC lifted its stake in shares of SPDR Gold Shares by 571.3% in the fourth quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock worth $1,565,118,000 after buying an additional 3,360,966 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of SPDR Gold Shares during the 4th quarter worth $474,952,000. Marino Management LLC bought a new stake in shares of SPDR Gold Shares during the 4th quarter worth $438,475,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of SPDR Gold Shares by 13.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 938,260 shares of the exchange traded fund’s stock worth $371,842,000 after buying an additional 109,205 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: ETF inflows and continued central-bank purchases, particularly from China, are providing underlying support for gold and could help limit downside in GLD. China may significantly expand its gold holdings over the next five years. ETF inflows support gold ahead of Fed week
• Positive Sentiment: Weaker-than-expected U.S. consumer confidence pressured the dollar and supported a rebound in spot gold from session lows, a dynamic that can benefit GLD. Spot gold trades after consumer confidence drops
• Neutral Sentiment: The launch of CME Group’s 24/7 one-ounce gold contract generated roughly $60 million in weekend trading, signaling demand for continuous gold-market access but not necessarily an immediate change in bullion prices. CME’s 24/7 gold contract
• Neutral Sentiment: Analysts expect the Fed to remain on hold until at least September, potentially keeping gold range-bound for several months while markets await clearer guidance on rates and inflation. Fed will hold until at least September
• Negative Sentiment: Gold sellers have regained control as traders price in greater risk of a hawkish Fed. Higher yields and rate expectations are weakening the investment case for non-yielding bullion. Gold market faces rate hike fears
• Negative Sentiment: Commerzbank lowered its gold and silver forecasts, warning that a sustained recovery is unlikely while the Iran conflict continues to weigh on markets and gold struggles to hold support above $4,000 per ounce. Commerzbank downgrades gold and silver prices
• Negative Sentiment: The pause in U.S.-Iran hostilities has reduced immediate safe-haven demand and lowered oil-driven inflation concerns, while gold recently suffered its worst quarterly performance in more than a decade. Oil and gold lower as U.S.-Iran pause holds

SPDR Gold Shares Trading Down 1.4%

NYSEARCA:GLD opened at $369.37 on Wednesday. SPDR Gold Shares has a 1 year low of $300.95 and a 1 year high of $509.70. The firm’s fifty day simple moving average is $386.47 and its 200 day simple moving average is $423.38. The firm has a market capitalization of $130.42 billion, a PE ratio of -32.43 and a beta of 0.17.

About SPDR Gold Shares

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.