SPDR Gold Shares $GLD Stock: MMA Asset Management LLC Decreases Stake

MMA Asset Management LLC reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 54.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,968 shares of the exchange traded fund’s stock after selling 5,890 shares during the quarter. MMA Asset Management LLC’s holdings in SPDR Gold Shares were worth $1,892,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. City Holding Co. raised its position in SPDR Gold Shares by 41.6% during the 2nd quarter. City Holding Co. now owns 22,914 shares of the exchange traded fund’s stock valued at $8,441,000 after purchasing an additional 6,733 shares in the last quarter. DDFG Inc lifted its holdings in shares of SPDR Gold Shares by 57.5% in the 2nd quarter. DDFG Inc now owns 48,753 shares of the exchange traded fund’s stock worth $17,959,000 after buying an additional 17,793 shares during the period. Arcus Capital Partners LLC lifted its holdings in shares of SPDR Gold Shares by 90.3% in the 1st quarter. Arcus Capital Partners LLC now owns 8,442 shares of the exchange traded fund’s stock worth $3,633,000 after buying an additional 4,005 shares during the period. Wellington Management Group LLP grew its position in shares of SPDR Gold Shares by 20.8% during the 2nd quarter. Wellington Management Group LLP now owns 80,567 shares of the exchange traded fund’s stock worth $29,679,000 after buying an additional 13,877 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its position in shares of SPDR Gold Shares by 1.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 2,491,623 shares of the exchange traded fund’s stock worth $917,864,000 after buying an additional 35,882 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about SPDR Gold Shares

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

• Positive Sentiment: Gold’s rally continued, with reports citing softer yields and a weaker dollar as drivers. The World Bank also expects gold to stay above $4,000 an ounce through 2028, while central-bank purchases remain a source of demand. Gold climbs above $4,100 as falling yields, softer labor costs support bullion World Bank gold outlook
• Neutral Sentiment: Technical commentary described a possible bullish reversal after gold reclaimed resistance, but noted that the broader downtrend and resistance levels could constrain the recovery. Gold bullish reversal forecast
• Negative Sentiment: Elevated real yields and upcoming U.S. jobs data could weaken gold’s momentum if they bolster expectations for tighter monetary policy. Gold also faces resistance near $4,200. Gold faces $4,200 barrier

SPDR Gold Shares Trading Up 0.8%

GLD opened at $375.49 on Friday. The company has a market capitalization of $137.09 billion, a price-to-earnings ratio of -32.43 and a beta of 0.20. SPDR Gold Shares has a 12-month low of $354.67 and a 12-month high of $509.70. The business’s fifty day simple moving average is $385.96 and its 200-day simple moving average is $411.85.

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.