Thurston Springer Miller Herd & Titak Inc. cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 86.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 257 shares of the exchange traded fund’s stock after selling 1,668 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in SPDR Gold Shares were worth $98,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Waycross Investment Management Co raised its position in SPDR Gold Shares by 7.8% in the third quarter. Waycross Investment Management Co now owns 747 shares of the exchange traded fund’s stock valued at $284,000 after purchasing an additional 54 shares during the period. First Citizens Bank & Trust Co. boosted its position in shares of SPDR Gold Shares by 1.5% during the third quarter. First Citizens Bank & Trust Co. now owns 6,572 shares of the exchange traded fund’s stock worth $2,503,000 after buying an additional 99 shares during the period. Enclave Advisors LLC purchased a new position in shares of SPDR Gold Shares during the third quarter worth $719,000. MFA Wealth Services boosted its position in shares of SPDR Gold Shares by 3.5% during the third quarter. MFA Wealth Services now owns 4,122 shares of the exchange traded fund’s stock worth $1,570,000 after buying an additional 138 shares during the period. Finally, Salem Investment Counselors Inc. grew its stake in shares of SPDR Gold Shares by 12.3% in the third quarter. Salem Investment Counselors Inc. now owns 1,695 shares of the exchange traded fund’s stock valued at $646,000 after buying an additional 185 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.
SPDR Gold Shares Trading Down 1.5%
Shares of NYSEARCA GLD opened at $375.99 on Thursday. The stock has a market capitalization of $138.82 billion, a PE ratio of -32.43 and a beta of 0.18. SPDR Gold Shares has a twelve month low of $360.12 and a twelve month high of $509.70. The stock has a fifty day simple moving average of $397.82 and a 200-day simple moving average of $401.08.
More SPDR Gold Shares News
- Positive Sentiment: Longer-term support remains from strong gold ETF inflows, continued central-bank buying and UBS’s bullish outlook. These factors could help gold recover despite its 2026 weakness. Here’s Why Gold ETFs Still Make Sense for Long-Term Investors
- Positive Sentiment: Jefferies described gold’s recent weakness as a potential buying opportunity and expects prices to reach $5,000 in 2027, which would support GLD if the forecast materializes. Gold’s weakness is a buying opportunity
- Positive Sentiment: UBP sees potential for a renewed “debasement trade” if Treasury-yield pressures fade, geopolitical risks improve and Fed rate-hike expectations ease. A possible U.S. Treasury gold revaluation could provide an additional tailwind later this year. U.S. Treasury’s gold revaluation could restart the debasement trade
- Neutral Sentiment: Technically, gold is testing the $4,000–$4,200 demand area. Holding support could stabilize GLD, while a break below roughly $4,066 may expose additional downside toward $4,028 and $3,942. Gold Price Forecast: Selling Pressure Threatens $4,066 Support
- Negative Sentiment: September CPI came in hotter than expected, lifting yields, strengthening the dollar and increasing bets on additional Fed tightening. Gold fell below $4,100 and silver dropped sharply as investors reduced exposure to precious metals. Gold falls below $4,100 as hot CPI boosts Fed-hike bets
- Negative Sentiment: Kazakhstan plans to sell part of its substantial gold reserves while Treasury yields remain attractive, adding a potential source of supply and weakening central-bank demand in the near term. Kazakhstan plans gold sales
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.
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