3,201 Shares in SPDR Gold Shares $GLD Purchased by Courage Miller Partners LLC

Courage Miller Partners LLC purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,201 shares of the exchange traded fund’s stock, valued at approximately $1,219,000.

A number of other hedge funds and other institutional investors have also modified their holdings of GLD. First Eagle Investment Management LLC boosted its stake in SPDR Gold Shares by 1.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 2,491,623 shares of the exchange traded fund’s stock valued at $917,864,000 after purchasing an additional 35,882 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of SPDR Gold Shares by 0.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,169,683 shares of the exchange traded fund’s stock valued at $430,888,000 after purchasing an additional 5,793 shares in the last quarter. PPSC Investment Service Corp boosted its position in shares of SPDR Gold Shares by 10.0% during the 1st quarter. PPSC Investment Service Corp now owns 781,981 shares of the exchange traded fund’s stock valued at $336,479,000 after purchasing an additional 70,775 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of SPDR Gold Shares by 1.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 707,998 shares of the exchange traded fund’s stock worth $304,644,000 after purchasing an additional 12,415 shares during the last quarter. Finally, Diamant Asset Management Inc. lifted its stake in SPDR Gold Shares by 42,929.0% during the first quarter. Diamant Asset Management Inc. now owns 697,070 shares of the exchange traded fund’s stock valued at $299,942,000 after purchasing an additional 695,450 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $378.95 on Thursday. The stock has a market capitalization of $140.06 billion, a P/E ratio of -32.43 and a beta of 0.18. The business’s fifty day moving average is $395.91 and its two-hundred day moving average is $399.49. SPDR Gold Shares has a 1 year low of $360.12 and a 1 year high of $509.70.

Trending Headlines about SPDR Gold Shares

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

• Positive Sentiment: Lower rate and currency pressure supported gold. Easing 10-year real yields and a pullback in the dollar improved the appeal of gold, which does not generate income. Gold Tests a Bottom as 10-Year Real Yields Ease to 2.77%
• Positive Sentiment: Physical and investment demand remains resilient. The Royal Mint reported strong silver and platinum sales alongside renewed gold demand despite higher prices and bond yields. Record ETF holdings also point to continued investor interest in precious metals. Royal Mint sees record silver and platinum sales
• Positive Sentiment: Long-term structural arguments remain favorable. BlackRock’s Evy Hambro cited rising government debt, deficits, currency depreciation and geopolitical risks as potential drivers of further gold appreciation. The World Gold Council also estimates tokenized gold could unlock substantial new investment demand over time. BlackRock comments on gold demand
• Neutral Sentiment: Technical conditions are mixed. Gold is consolidating near important support, with weakening bearish momentum potentially setting up a breakout. A move above resistance could improve the outlook for GLD, while a failure to hold support would signal renewed downside risk. Gold price forecast and consolidation
• Negative Sentiment: Fed tightening remains the main headwind. Persistent inflation, firmer oil prices and elevated expectations for a December rate hike could push yields and the dollar higher, increasing the opportunity cost of holding GLD. Gold gains as Treasury yields stabilize
• Negative Sentiment: Official-sector selling adds a near-term supply risk. Russia sold approximately 6.2 tonnes of gold in September, reducing its bullion reserves to their lowest level since 2019. While one month’s sale is not decisive, it could weigh on sentiment if other holders also sell. Russia sells gold in September

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.