SPDR Gold Shares $GLD Stock: New Harbor Financial Group LLC Lowers Position

New Harbor Financial Group LLC decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 72.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 951 shares of the exchange traded fund’s stock after selling 2,541 shares during the period. New Harbor Financial Group LLC’s holdings in SPDR Gold Shares were worth $362,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GLD. Summer Road LLC grew its position in SPDR Gold Shares by 11.1% during the first quarter. Summer Road LLC now owns 250 shares of the exchange traded fund’s stock valued at $108,000 after acquiring an additional 25 shares during the period. SFE Investment Counsel raised its holdings in shares of SPDR Gold Shares by 4.5% in the 1st quarter. SFE Investment Counsel now owns 585 shares of the exchange traded fund’s stock worth $252,000 after purchasing an additional 25 shares during the period. Evolution Wealth Management Inc. raised its holdings in shares of SPDR Gold Shares by 2.3% in the 1st quarter. Evolution Wealth Management Inc. now owns 1,200 shares of the exchange traded fund’s stock worth $516,000 after purchasing an additional 27 shares during the period. Financial Management Professionals Inc. raised its holdings in shares of SPDR Gold Shares by 0.6% in the 2nd quarter. Financial Management Professionals Inc. now owns 4,414 shares of the exchange traded fund’s stock worth $1,626,000 after purchasing an additional 27 shares during the period. Finally, Kraft Davis & Associates LLC lifted its stake in shares of SPDR Gold Shares by 0.6% in the 2nd quarter. Kraft Davis & Associates LLC now owns 4,595 shares of the exchange traded fund’s stock valued at $1,714,000 after purchasing an additional 27 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Falling U.S. Treasury yields and rising inflation expectations could eventually support gold by increasing demand for an inflation hedge and reducing the opportunity cost of holding a non-yielding asset. The October 28 Federal Reserve decision is the next major catalyst. Gold Defends $4,000 After Bounce as Fed Signals Take Center Stage
• Positive Sentiment: Some analysts view the current selloff as a temporary delay rather than the end of gold’s longer-term advance, citing geopolitical risks, elevated gold prices and strong mining-sector cash flows. War in Iran, higher energy prices are only delaying gold’s rally
• Neutral Sentiment: GLD remains a widely watched vehicle for gaining direct exposure to gold during market volatility. Its future direction will likely depend on whether easing-rate expectations and geopolitical demand outweigh inflation-driven pressure on bonds and interest rates. Gold ETFs to Watch Amid Fed Rate Hike & Oil Risks
• Negative Sentiment: Crude oil’s rise amid renewed Middle East and Hormuz tensions is increasing inflation concerns and reinforcing expectations for additional Fed tightening. That combination has pressured gold and other precious metals despite lower Treasury yields. Gold heads for steep weekly loss as Hormuz tensions lift crude
• Negative Sentiment: Gold has broken below the $4,000 support area, with technical analysts warning that further weakness could expose support near $3,942 and other lower Fibonacci levels. Strong U.S. activity data and better-than-expected consumer sentiment are also reducing immediate safe-haven demand. Gold Price Forecast: Bearish Momentum Puts Major Support at Risk

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD traded down $2.39 during trading on Friday, reaching $366.61. 9,930,977 shares of the stock were exchanged, compared to its average volume of 11,524,645. SPDR Gold Shares has a 12-month low of $360.12 and a 12-month high of $509.70. The firm’s 50-day moving average price is $394.61 and its 200 day moving average price is $398.84. The firm has a market cap of $136.31 billion, a price-to-earnings ratio of -32.43 and a beta of 0.18.

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.