TD Asset Management Inc Grows Holdings in SPDR Gold Shares $GLD

TD Asset Management Inc grew its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 439,643 shares of the exchange traded fund’s stock after acquiring an additional 2,025 shares during the quarter. TD Asset Management Inc’s holdings in SPDR Gold Shares were worth $174,235,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Intellectus Partners LLC increased its stake in SPDR Gold Shares by 10.3% in the fourth quarter. Intellectus Partners LLC now owns 8,803 shares of the exchange traded fund’s stock worth $3,489,000 after purchasing an additional 825 shares during the period. Greenspring Advisors LLC purchased a new stake in SPDR Gold Shares in the fourth quarter worth $557,000. Evolution Wealth Management Inc. increased its stake in SPDR Gold Shares by 16.3% in the fourth quarter. Evolution Wealth Management Inc. now owns 1,173 shares of the exchange traded fund’s stock worth $465,000 after purchasing an additional 164 shares during the period. WCG Wealth Advisors LLC purchased a new stake in SPDR Gold Shares in the fourth quarter worth $8,175,000. Finally, Nvest Financial LLC increased its stake in SPDR Gold Shares by 32.4% in the fourth quarter. Nvest Financial LLC now owns 12,703 shares of the exchange traded fund’s stock worth $5,034,000 after purchasing an additional 3,111 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.8%

GLD stock opened at $411.27 on Friday. The business’s fifty day simple moving average is $425.14 and its two-hundred day simple moving average is $427.44. SPDR Gold Shares has a twelve month low of $299.89 and a twelve month high of $509.70. The firm has a market cap of $149.58 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Gold prices moved higher as the dollar and Treasury yields fell, supporting demand for non-yielding assets like gold. Update: Gold Trading Higher as the Dollar and Yields Fall as Israel and Lebanon Agree to a Ceasefire
• Positive Sentiment: Gold reclaimed the $4,500 level after weaker-than-expected U.S. jobless claims reinforced the case for slower growth and potential Fed easing. Spot gold reclaims $4,500/oz after U.S. weekly jobless claims rise to 225k
• Positive Sentiment: Analysts said deglobalization and a global scramble for strategic resources are strengthening gold’s long-term case as a reserve asset. Deglobalization sparks race for strategic resources, driving gold and copper outlook – Sohn Montreal
• Neutral Sentiment: Some technical traders see gold testing key support and resistance levels, suggesting the metal may be near an inflection point rather than in a clear trend. Gold (XAU/USD) Price Forecast: Falling Wedge Signals Key Inflection Zone
• Neutral Sentiment: Central banks returned to net buying in April, which supports gold demand, but the pace was modest and not enough to offset broader macro swings. Central banks buy net 17 tonnes of gold in April, led by Poland and China – WGC
• Negative Sentiment: China’s gold market is showing signs of cooling, including weaker ETF inflows, which could temper one of the major demand pillars behind the rally. China’s gold market is cooling, multiple metrics show
• Negative Sentiment: Several reports note that hotter inflation, stronger U.S. data, and rising rate-hike expectations have recently pressured gold below key technical levels. TD Securities cuts H2 2026 gold price forecasts as markets price in Fed rate hike

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.