Verdence Capital Advisors LLC Lowers Stock Holdings in SPDR Gold Shares $GLD

Verdence Capital Advisors LLC lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 19.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 6,055 shares of the exchange traded fund’s stock after selling 1,437 shares during the period. Verdence Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $2,222,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Mccarter Private Wealth Services LLC lifted its holdings in SPDR Gold Shares by 3.2% in the 3rd quarter. Mccarter Private Wealth Services LLC now owns 870 shares of the exchange traded fund’s stock worth $309,000 after purchasing an additional 27 shares in the last quarter. Norris Perne & French LLP MI boosted its position in shares of SPDR Gold Shares by 3.3% during the third quarter. Norris Perne & French LLP MI now owns 873 shares of the exchange traded fund’s stock worth $310,000 after acquiring an additional 28 shares during the last quarter. Revisor Wealth Management LLC boosted its position in shares of SPDR Gold Shares by 2.4% during the third quarter. Revisor Wealth Management LLC now owns 1,237 shares of the exchange traded fund’s stock worth $452,000 after acquiring an additional 29 shares during the last quarter. Halbert Hargrove Global Advisors LLC grew its stake in SPDR Gold Shares by 12.0% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 271 shares of the exchange traded fund’s stock valued at $96,000 after acquiring an additional 29 shares in the last quarter. Finally, Phil A. Younker & Associates Ltd. increased its holdings in SPDR Gold Shares by 4.0% in the 3rd quarter. Phil A. Younker & Associates Ltd. now owns 781 shares of the exchange traded fund’s stock valued at $278,000 after acquiring an additional 30 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: Gold price surge: Spot gold rose to new highs, lifting bullion-linked ETFs like GLD as investors seek a safe haven amid renewed trade/geopolitical worries. Gold price surges to new heights, silver lagging
• Positive Sentiment: Technical and momentum outlooks point to further upside: analysts and price forecasts highlight $4,750–$5,000+ gold as realistic targets, supporting continued demand for GLD exposure. Gold (XAUUSD) & Silver Price Forecast: Will $4,750 Gold and $100 Silver Break Out Next?
• Positive Sentiment: Analyst commentary: State Street and other market commentaries say the odds of gold moving to $5,000 are rising, reinforcing narratives that attract ETF inflows. The odds of gold going to $5,000 just keep getting better and better – State Street’s Aakash Doshi
• Positive Sentiment: Investor flows/positioning: Retail and advisory pieces are recommending GLD as a way to play record gold prices, which can drive additional demand for the ETF. Why You Should Play Record Gold Prices with the GLD ETF
• Neutral Sentiment: Sector nuance — miner downgrades: JPMorgan downgraded a gold miner and flagged cost/royalty risks for miners; this weighs on equities but has limited direct impact on GLD, which holds bullion. Leading bank downgrades Hochschild and flags downside risks as Q4 looms for gold miners
• Negative Sentiment: Possible short‑term pullback: overnight coverage flagged a technical correction after the rally; if traders take profits or risk sentiment improves, GLD could see near‑term weakness. Gold Edges Lower on Likely Technical Correction

SPDR Gold Shares Trading Down 0.5%

NYSEARCA:GLD opened at $421.29 on Tuesday. The business’s 50-day moving average is $396.59 and its 200 day moving average is $357.19. SPDR Gold Shares has a 12 month low of $249.15 and a 12 month high of $426.86. The company has a market capitalization of $158.24 billion, a P/E ratio of -32.43 and a beta of 0.09.

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.