SPDR Gold Shares $GLD Stock Sold by Sterling Investment Management LLC

Sterling Investment Management LLC decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,372 shares of the exchange traded fund’s stock after selling 2,756 shares during the period. SPDR Gold Shares makes up approximately 5.3% of Sterling Investment Management LLC’s holdings, making the stock its 4th largest position. Sterling Investment Management LLC’s holdings in SPDR Gold Shares were worth $11,186,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Forum Financial Management LP raised its stake in SPDR Gold Shares by 25.4% during the 3rd quarter. Forum Financial Management LP now owns 2,477 shares of the exchange traded fund’s stock valued at $943,000 after acquiring an additional 502 shares during the last quarter. Guardian Asset Advisors LLC lifted its position in SPDR Gold Shares by 59.3% during the 3rd quarter. Guardian Asset Advisors LLC now owns 2,833 shares of the exchange traded fund’s stock worth $1,081,000 after acquiring an additional 1,055 shares during the period. Hengehold Capital Management LLC lifted its position in SPDR Gold Shares by 78.4% during the 3rd quarter. Hengehold Capital Management LLC now owns 8,267 shares of the exchange traded fund’s stock worth $3,148,000 after acquiring an additional 3,632 shares during the period. Eagle Strategies LLC lifted its position in SPDR Gold Shares by 0.6% during the 3rd quarter. Eagle Strategies LLC now owns 29,018 shares of the exchange traded fund’s stock worth $11,051,000 after acquiring an additional 170 shares during the period. Finally, McKinley Carter Wealth Services Inc. lifted its position in SPDR Gold Shares by 2.4% during the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 2,171 shares of the exchange traded fund’s stock worth $827,000 after acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 0.2%

Shares of GLD stock opened at $382.01 on Friday. The business’s 50 day moving average is $397.35 and its two-hundred day moving average is $400.72. SPDR Gold Shares has a twelve month low of $360.12 and a twelve month high of $509.70. The company has a market capitalization of $141.23 billion, a P/E ratio of -32.43 and a beta of 0.18.

SPDR Gold Shares News Summary

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

• Positive Sentiment: Falling Treasury yields, lower real yields and a softer dollar helped gold recover from its recent selloff. Reduced expectations for an October Fed rate hike also improved sentiment toward non-yielding assets. Gold Weekly Price Forecast – Gold Tests $4,000 Demand Zone as Lower Real Yields Offer Support
• Positive Sentiment: Underlying demand remains supportive: China’s central bank added 23 tonnes to its reserves, Chinese gold ETFs attracted inflows, and holiday jewelry, bar and coin demand improved. These trends may provide a floor for gold and GLD over the longer term. China buys the gold dip as ETF holdings hit record and holiday demand lifts Q4 outlook
• Neutral Sentiment: Technical conditions remain mixed. Gold has held the roughly $4,000 demand zone for multiple weeks, but the market faces resistance near $4,200–$4,226. A breakout could help GLD, while another failure would reinforce consolidation. Gold Price Forecast: Bulls Face Crucial $4,226 Resistance
• Negative Sentiment: Hot U.S. inflation data—September CPI at 3.7% and PPI rising 6.3%—kept December Fed tightening expectations alive. Higher potential rates, stronger yields and a firmer dollar initially triggered a sharp gold decline and continue to cap its recovery.
• Negative Sentiment: Wall Street remains divided and retail sentiment is becoming more bearish after gold failed to decisively clear the $4,200 area. Upcoming housing, PMI, employment and consumer-sentiment reports could create additional volatility for GLD. Wall Street undecided on gold’s near-term trajectory

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.