TD Waterhouse Canada Inc. lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 4.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 351,435 shares of the exchange traded fund’s stock after purchasing an additional 15,256 shares during the period. TD Waterhouse Canada Inc. owned about 0.10% of SPDR Gold Shares worth $134,626,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Corient Private Wealth LLC boosted its holdings in SPDR Gold Shares by 571.3% in the 4th 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 last quarter. First Eagle Investment Management LLC increased its stake in SPDR Gold Shares by 1.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 2,491,623 shares of the exchange traded fund’s stock worth $917,864,000 after buying an additional 35,882 shares in the last quarter. Virtu Financial LLC purchased a new stake in SPDR Gold Shares during the 4th quarter worth approximately $474,952,000. Envestnet Asset Management Inc. raised its holdings in shares of SPDR Gold Shares by 0.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,169,683 shares of the exchange traded fund’s stock valued at $430,888,000 after acquiring an additional 5,793 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised 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 last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares News Summary
Here are the key news stories impacting SPDR Gold Shares this week:
- Positive Sentiment: Falling Treasury yields, lower real yields and a softer dollar helped gold recover from its recent selloff. Reduced expectations for an October Fed rate hike also improved sentiment toward non-yielding assets. Gold Weekly Price Forecast – Gold Tests $4,000 Demand Zone as Lower Real Yields Offer Support
- Positive Sentiment: Underlying demand remains supportive: China’s central bank added 23 tonnes to its reserves, Chinese gold ETFs attracted inflows, and holiday jewelry, bar and coin demand improved. These trends may provide a floor for gold and GLD over the longer term. China buys the gold dip as ETF holdings hit record and holiday demand lifts Q4 outlook
- Neutral Sentiment: Technical conditions remain mixed. Gold has held the roughly $4,000 demand zone for multiple weeks, but the market faces resistance near $4,200–$4,226. A breakout could help GLD, while another failure would reinforce consolidation. Gold Price Forecast: Bulls Face Crucial $4,226 Resistance
- Negative Sentiment: Hot U.S. inflation data—September CPI at 3.7% and PPI rising 6.3%—kept December Fed tightening expectations alive. Higher potential rates, stronger yields and a firmer dollar initially triggered a sharp gold decline and continue to cap its recovery.
- Negative Sentiment: Wall Street remains divided and retail sentiment is becoming more bearish after gold failed to decisively clear the $4,200 area. Upcoming housing, PMI, employment and consumer-sentiment reports could create additional volatility for GLD. Wall Street undecided on gold’s near-term trajectory
SPDR Gold Shares Stock Down 0.2%
Shares of NYSEARCA GLD traded down $0.70 during midday trading on Friday, hitting $382.01. The stock had a trading volume of 9,060,684 shares, compared to its average volume of 11,585,232. The company has a market capitalization of $141.23 billion, a PE ratio of -32.43 and a beta of 0.18. The stock has a 50 day simple moving average of $397.35 and a 200-day simple moving average of $400.72. SPDR Gold Shares has a 1 year low of $360.12 and a 1 year high of $509.70.
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.
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