SPDR Gold Shares $GLD Shares Bought by III Capital Management

III Capital Management raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 333.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,066 shares of the exchange traded fund’s stock after purchasing an additional 1,589 shares during the period. III Capital Management’s holdings in SPDR Gold Shares were worth $819,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GLD. WPG Advisers LLC purchased a new position in SPDR Gold Shares during the fourth quarter worth $25,000. Timmons Wealth Management LLC purchased a new position in SPDR Gold Shares during the fourth quarter worth $26,000. Chapman Financial Group LLC purchased a new position in SPDR Gold Shares during the second quarter worth $26,000. Vestwell Advisors LLC purchased a new position in SPDR Gold Shares during the third quarter worth $27,000. Finally, Eukles Asset Management purchased a new position in SPDR Gold Shares during the fourth quarter worth $27,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $388.60 on Thursday. The stock has a fifty day moving average of $419.42 and a two-hundred day moving average of $428.27. The company has a market capitalization of $141.33 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14. SPDR Gold Shares has a fifty-two week low of $299.89 and a fifty-two week high of $509.70.

Key SPDR Gold Shares News

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

• Positive Sentiment: Wells Fargo said gold still has room to run, calling current prices an attractive entry point as inflation risks and fiscal deficits support the long-term case for the metal. Gold’s bull market has room to run as inflation risks, fiscal deficits support prices – Wells Fargo
• Positive Sentiment: A World Gold Council survey showed record expectations for central banks to increase gold holdings, reinforcing demand from the official sector. Record 45% of central banks plan to increase gold holdings, WGC survey finds
• Positive Sentiment: Several reports highlighted gold’s safe-haven appeal as geopolitical tensions, inflation worries, and softer Treasury yields continue to support demand. Central banks are bringing gold reserves home as geopolitical risks rise
• Neutral Sentiment: Some technical analysts said gold remains in a choppy consolidation phase, with traders waiting for clearer signals from rates, inflation, and the Fed before the next major move. Gold (XAU/USD) Price Forecast: Downtrend Holds as Resistance Strengthens
• Negative Sentiment: Gold retreated after the Fed’s policy statement and hawkish projections, with markets reacting to the possibility of tighter policy later this year, which is a headwind for GLD. Gold drops below $4,300/oz as Fed votes 12-0 in favor of rate hold, but nearly half of policymakers see a rate hike in 2026
• Negative Sentiment: Strong U.S. retail sales and a firmer dollar also weighed on gold intraday, adding to the downside pressure on the ETF. Update: Gold Edges Down As Dollar Steadies On Strong U.S. Retail Sales Report Ahead Of Fed’s Rate Decision

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.