Oppenheimer & Co. Inc. Increases Holdings in SPDR Gold Shares $GLD

Oppenheimer & Co. Inc. increased its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,618 shares of the exchange traded fund’s stock after acquiring an additional 1,799 shares during the period. Oppenheimer & Co. Inc.’s holdings in SPDR Gold Shares were worth $38,908,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Prepared Retirement Institute LLC boosted its position in SPDR Gold Shares by 1.6% during the fourth quarter. Prepared Retirement Institute LLC now owns 1,328 shares of the exchange traded fund’s stock worth $526,000 after purchasing an additional 21 shares in the last quarter. Hughes Financial Services LLC grew its holdings in SPDR Gold Shares by 3.4% in the fourth quarter. Hughes Financial Services LLC now owns 667 shares of the exchange traded fund’s stock valued at $264,000 after purchasing an additional 22 shares during the last quarter. Parr Mcknight Wealth Management Group LLC increased its position in shares of SPDR Gold Shares by 3.3% in the fourth quarter. Parr Mcknight Wealth Management Group LLC now owns 772 shares of the exchange traded fund’s stock valued at $306,000 after buying an additional 25 shares in the last quarter. Viewpoint Capital Management LLC increased its position in shares of SPDR Gold Shares by 2.8% in the first quarter. Viewpoint Capital Management LLC now owns 925 shares of the exchange traded fund’s stock valued at $398,000 after buying an additional 25 shares in the last quarter. Finally, Summer Road LLC raised its stake in shares of SPDR Gold Shares by 11.1% during the 1st quarter. Summer Road LLC now owns 250 shares of the exchange traded fund’s stock worth $108,000 after buying an additional 25 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 3.8%

SPDR Gold Shares stock opened at $413.84 on Thursday. SPDR Gold Shares has a 52 week low of $306.43 and a 52 week high of $509.70. The firm’s 50-day simple moving average is $381.56 and its 200 day simple moving average is $417.65. The firm has a market capitalization of $146.13 billion, a PE ratio of -32.43 and a beta of 0.17.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: The U.S. Treasury unexpectedly doubled planned buybacks of long-dated debt, helping drive 30-year Treasury yields and the dollar lower. Lower yields reduce the opportunity cost of holding non-income-producing gold and provided the main catalyst for GLD’s advance. Gold Jumps 3% as Bessent’s Treasury Steps Into Bond Rout
• Positive Sentiment: Gold broke above important technical resistance and moved toward its 200-day moving average, strengthening bullish momentum and raising the possibility of additional gains if the breakout holds. Gold Price Forecast: Breakout Puts 200-Day Moving Average in Focus
• Positive Sentiment: GLD recorded approximately $1 billion in inflows for August 17, indicating strong investor demand for gold exposure and potentially reinforcing the ETF’s upward momentum. Daily ETF Flows: GLD Takes In $1B
• Positive Sentiment: Wells Fargo maintained a constructive outlook for precious metals and projected gold could reach $4,900 in 2026, citing ongoing demand from Asian investors and central banks. Wells Fargo Reiterates Positive Outlook for Precious Metals
• Neutral Sentiment: Federal Reserve minutes offered a counterpoint to the bond-market rally, with officials reportedly favoring a different policy direction. Investors will continue to monitor rate expectations for their effect on yields, the dollar and gold.
• Negative Sentiment: Elevated oil prices, inflation concerns and heavy Treasury issuance could keep long-term yields volatile. A renewed rise in yields or the dollar would likely pressure gold and GLD, as seen during the previous bond-market selloff. Can Gold Prices Hold as 30-Year Yields Hit 19-Year Highs?

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.