SPDR Gold Shares $GLD Stock Holdings Lifted by NewEdge Advisors LLC

NewEdge Advisors LLC increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 279,250 shares of the exchange traded fund’s stock after acquiring an additional 7,998 shares during the quarter. NewEdge Advisors LLC owned 0.08% of SPDR Gold Shares worth $102,870,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. City Holding Co. raised its holdings in shares of SPDR Gold Shares by 41.6% during the second quarter. City Holding Co. now owns 22,914 shares of the exchange traded fund’s stock worth $8,441,000 after acquiring an additional 6,733 shares in the last quarter. DDFG Inc boosted its position in SPDR Gold Shares by 57.5% during the second quarter. DDFG Inc now owns 48,753 shares of the exchange traded fund’s stock valued at $17,959,000 after purchasing an additional 17,793 shares during the last quarter. Crescent Grove Advisors LLC grew its stake in SPDR Gold Shares by 25.3% in the fourth quarter. Crescent Grove Advisors LLC now owns 15,719 shares of the exchange traded fund’s stock valued at $6,230,000 after purchasing an additional 3,175 shares in the last quarter. Arcus Capital Partners LLC grew its stake in SPDR Gold Shares by 90.3% in the first quarter. Arcus Capital Partners LLC now owns 8,442 shares of the exchange traded fund’s stock valued at $3,633,000 after purchasing an additional 4,005 shares in the last quarter. Finally, Cidel Asset Management Inc. increased its position in SPDR Gold Shares by 69.8% in the 1st quarter. Cidel Asset Management Inc. now owns 3,368 shares of the exchange traded fund’s stock worth $1,449,000 after purchasing an additional 1,384 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $399.72 on Wednesday. SPDR Gold Shares has a fifty-two week low of $326.19 and a fifty-two week high of $509.70. The business has a 50-day moving average of $390.36 and a 200-day moving average of $413.57. The company has a market capitalization of $141.14 billion, a PE ratio of -32.43 and a beta of 0.19.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: China’s central bank purchased 20.2 metric tonnes of gold in August, its largest monthly increase since October 2023. Continued official-sector buying provides a fundamental demand cushion for gold and GLD. China’s central bank buys 20.2 tonnes of gold in August
• Positive Sentiment: Société Générale said ETF, futures and options positioning shows broad-based bullish exposure to gold, while Goldman Sachs’ metals chief described the recent weakness as a pause rather than the end of the bull market. These views support the longer-term outlook for GLD. Société Générale gold positioning analysis Goldman Sachs gold outlook
• Positive Sentiment: Renewed U.S.-Iran tensions and dollar weakness are offering safe-haven support, while forecasts identify a potential upside breakout if gold clears technical resistance near $4,500–$4,511. Iran risks support metals
• Neutral Sentiment: Gold remains in a tight consolidation range, with upcoming producer- and consumer-price reports likely to determine the next major move. Gold price forecast ahead of CPI
• Negative Sentiment: Higher crude oil prices, elevated Treasury yields and revived expectations for a Fed rate hike are pressuring gold by increasing the opportunity cost of holding a non-yielding asset. Strong U.S. employment data has intensified this near-term headwind. Gold and silver slip as oil spike keeps Fed hike trade alive

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.