OneAscent Financial Services LLC Has $7.03 Million Stock Position in SPDR Gold Shares $GLD

OneAscent Financial Services LLC trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 16.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,781 shares of the exchange traded fund’s stock after selling 3,993 shares during the quarter. OneAscent Financial Services LLC’s holdings in SPDR Gold Shares were worth $7,032,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chapman Financial Group LLC bought a new position in shares of SPDR Gold Shares during the 2nd quarter worth about $26,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of SPDR Gold Shares in the third quarter valued at $31,000. Traub Capital Management LLC purchased a new position in SPDR Gold Shares during the second quarter worth about $34,000. Kilter Group LLC bought a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at about $34,000. Finally, First Command Advisory Services Inc. purchased a new stake in SPDR Gold Shares during the 2nd quarter valued at $43,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $458.00 on Monday. SPDR Gold Shares has a fifty-two week low of $251.92 and a fifty-two week high of $458.75. The stock has a market cap of $172.57 billion, a PE ratio of -32.43 and a beta of 0.09. The firm’s 50-day simple moving average is $401.91 and its two-hundred day simple moving average is $361.17.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Spot gold hit and extended record highs above $5,000–$5,100/oz, fueling demand for GLD as investors seek a hedge against market volatility. Gold races to $5,100 record peak on safe-haven demand
• Positive Sentiment: Heightened political and geopolitical shocks — and headlines citing a “crisis of confidence” in U.S. policy — are pushing investors and central banks into gold, supporting ETF inflows that benefit GLD. Gold Surges Past $5,000 To Historic High As ‘Crisis Of Confidence’ In Trump Administration Rattles Global Markets
• Neutral Sentiment: Macro drivers cited include U.S. dollar weakness and shifting Fed expectations; these can sustain gold but also introduce sensitivity to any rapid policy or currency reversals. Gold (XAUUSD) Breaks $5,000 as US Dollar Crashes – Silver Surges Above $100
• Neutral Sentiment: Rising gold is also lifting miners and related ETFs; GLD benefits from bullion flows but differs from miners (GDX) which carry equity and operational risk. The Gold Rush Continues: GDX’s Amplified Bet vs. GLD’s Steady Hold
• Negative Sentiment: The rapid, headline-driven rally raises the risk of short-term profit-taking and volatility; a USD rebound or hawkish Fed surprise could quickly reverse gains for GLD.

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.