Sovran Advisors LLC Decreases Stake in SPDR Gold Shares $GLD

Sovran Advisors LLC lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 18.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,053 shares of the exchange traded fund’s stock after selling 6,171 shares during the period. SPDR Gold Shares comprises 0.9% of Sovran Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. Sovran Advisors LLC’s holdings in SPDR Gold Shares were worth $10,013,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. WealthShield Partners LLC lifted its position in shares of SPDR Gold Shares by 12.6% during the 3rd quarter. WealthShield Partners LLC now owns 7,863 shares of the exchange traded fund’s stock worth $2,795,000 after purchasing an additional 882 shares during the last quarter. Liberty Wealth Management LLC raised its stake in SPDR Gold Shares by 430.5% in the third quarter. Liberty Wealth Management LLC now owns 8,096 shares of the exchange traded fund’s stock valued at $2,878,000 after buying an additional 6,570 shares in the last quarter. Keynote Financial Services LLC lifted its holdings in SPDR Gold Shares by 11.2% during the 3rd quarter. Keynote Financial Services LLC now owns 1,483 shares of the exchange traded fund’s stock worth $527,000 after buying an additional 149 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of SPDR Gold Shares by 1.6% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 19,153 shares of the exchange traded fund’s stock worth $6,808,000 after acquiring an additional 306 shares in the last quarter. Finally, PMG Wealth Management Inc. raised its position in shares of SPDR Gold Shares by 19.2% during the 3rd quarter. PMG Wealth Management Inc. now owns 793 shares of the exchange traded fund’s stock worth $283,000 after acquiring an additional 128 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

Key SPDR Gold Shares News

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 Stock Up 1.4%

GLD opened at $458.00 on Monday. SPDR Gold Shares has a 52 week low of $251.92 and a 52 week high of $458.75. The business has a 50 day moving average price of $401.91 and a two-hundred day moving average price of $361.17. The company has a market cap of $172.57 billion, a PE ratio of -32.43 and a beta of 0.09.

SPDR Gold Shares Company 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.