SPDR Gold Shares $GLD Shares Sold by Bank of America Corp DE

Bank of America Corp DE reduced its stake in SPDR Gold Shares (NYSEARCA:GLD) by 2.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,064,195 shares of the exchange traded fund’s stock after selling 278,880 shares during the period. Bank of America Corp DE owned 3.04% of SPDR Gold Shares worth $4,760,812,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Morgan Stanley boosted its position in SPDR Gold Shares by 22.4% during the 4th quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock valued at $5,506,229,000 after purchasing an additional 2,539,266 shares during the period. Corient Private Wealth LLC increased its position in SPDR Gold Shares by 571.3% in the fourth quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock worth $1,565,118,000 after buying an additional 3,360,966 shares during the period. Virtu Financial LLC bought a new stake in SPDR Gold Shares in the fourth quarter valued at $474,952,000. Marino Management LLC bought a new stake in SPDR Gold Shares in the fourth quarter valued at $438,475,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of SPDR Gold Shares by 13.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 938,260 shares of the exchange traded fund’s stock valued at $371,842,000 after acquiring an additional 109,205 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about SPDR Gold Shares

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

• Positive Sentiment: The Fed’s decision to hold rates steady sparked a relief rally in gold. A less aggressive policy outlook could support non-yielding assets such as gold and GLD, although Fed Chair Kevin Warsh’s guidance remains important. Gold price jumps as Federal Reserve leaves interest rates unchanged
• Positive Sentiment: Retail investors are returning to precious metals after the months-long selloff. The Royal Mint reported recovering bullion demand, particularly for digital silver, signaling that some investors are buying the dip. Retail investors buy the dip as Royal Mint reports solid demand
• Positive Sentiment: Gold is holding above the psychologically important $4,000-per-ounce level and has defended key technical support. A move above nearby resistance could confirm a bullish reversal and provide an additional catalyst for GLD. Gold price forecast: Breakout retest sets stage for next advance
• Positive Sentiment: Ongoing central-bank buying and ETF inflows continue to provide underlying support for gold despite recent weakness. ETF inflows support gold ahead of Fed week

SPDR Gold Shares Stock Performance

Shares of GLD opened at $371.08 on Thursday. SPDR Gold Shares has a 1 year low of $300.95 and a 1 year high of $509.70. The company has a market cap of $131.21 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. The firm has a fifty day moving average of $385.54 and a 200-day moving average of $423.10.

About SPDR Gold Shares

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.