Benjamin Edwards Inc. lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 90,286 shares of the exchange traded fund’s stock after purchasing an additional 3,711 shares during the quarter. Benjamin Edwards Inc.’s holdings in SPDR Gold Shares were worth $35,781,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. WPG Advisers LLC acquired a new stake in shares of SPDR Gold Shares during the 4th quarter worth approximately $25,000. Hopwood Financial Services Inc. acquired a new stake in SPDR Gold Shares in the 3rd quarter valued at approximately $27,000. Vestwell Advisors LLC acquired a new stake in SPDR Gold Shares in the 3rd quarter valued at approximately $27,000. USA Financial Formulas acquired a new stake in SPDR Gold Shares in the 4th quarter valued at approximately $31,000. Finally, Networth Advisors LLC acquired a new stake in SPDR Gold Shares in the 4th quarter valued at approximately $34,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.
SPDR Gold Shares Price Performance
GLD opened at $423.18 on Friday. SPDR Gold Shares has a 12 month low of $291.78 and a 12 month high of $509.70. The stock has a market cap of $153.91 billion, a P/E ratio of -32.43 and a beta of 0.15. The stock’s 50 day moving average price is $444.17 and its 200 day moving average price is $420.20.
Key SPDR Gold Shares News
- Positive Sentiment: Weak ISM data lifted gold toward session highs, a sign that slowing U.S. activity can boost safe?haven demand for GLD. Gold prices trading near session highs following disappointing ISM data
- Positive Sentiment: Bank of America reiterated a very bullish 12?month $6,000/oz gold target, which can underpin long?term investor appetite for GLD despite short?term volatility. Bank of America stands firm on 12-month $6,000 gold target, sees silver averaging $86
- Positive Sentiment: Central bank buying and structural stories for precious metals remain intact (large official purchases cited), which supports medium/long?term flows into GLD. Gold (XAUUSD) & Silver Price Forecast: Silver’s 762M Oz Drain – Structural Bull Case Intact?
- Neutral Sentiment: Gold/GLD remain rangebound and consolidating intraday as yields and Fed policy expectations cap rallies; this suggests limited immediate directional conviction. Update: Gold Edges Higher, Remaining Rangebound, As Treasury Yields Rise
- Neutral Sentiment: Technical analysis shows short?term support holding in places, with bounces likely to be capped by moving averages — useful for traders but not decisive for a trend change. Gold (XAUUSD) & Silver Price Forecast: $4,532 Holds – Is Gold’s Road to $4,800 Now Open?
- Negative Sentiment: Rising U.S. Treasury yields and a still?hawkish Fed narrative are the main headwinds keeping GLD under pressure and limiting upside. Several market reports link higher yields to recent pullbacks. Gold (XAUUSD) Price Forecast: Gold Price Consolidating as Yields Cap Rally
- Negative Sentiment: Technical studies and short?term bearish setups persist in some analyses, warning of deeper downside if key support breaks. Traders should watch those levels for potential pressure on GLD. Gold (XAU/USD) Price Forecast: Bearish Structure Persists Amid Key Resistance Zones
- Negative Sentiment: Higher oil and energy?driven inflation fears can keep rate?cut expectations delayed, which is a negative backdrop for gold until the inflation/yield picture eases. Gold and Silver Technical Analysis: Oil Shock Keeps Metals Under Pressure
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.
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