SPDR Gold Shares $GLD Shares Purchased by Glaxis Capital Management LLC

Glaxis Capital Management LLC increased its position in SPDR Gold Shares (NYSEARCA:GLD) by 68.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,920 shares of the exchange traded fund’s stock after purchasing an additional 2,000 shares during the period. SPDR Gold Shares makes up approximately 4.5% of Glaxis Capital Management LLC’s holdings, making the stock its 6th biggest position. Glaxis Capital Management LLC’s holdings in SPDR Gold Shares were worth $1,874,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. First Eagle Investment Management LLC increased 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. raised its holdings in SPDR Gold Shares by 0.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,169,683 shares of the exchange traded fund’s stock worth $430,888,000 after buying an additional 5,793 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in SPDR Gold Shares by 1.8% in the first quarter. PNC Financial Services Group Inc. now owns 707,998 shares of the exchange traded fund’s stock worth $304,644,000 after buying an additional 12,415 shares during the last quarter. PPSC Investment Service Corp raised its holdings in SPDR Gold Shares by 2.2% in the third quarter. PPSC Investment Service Corp now owns 789,050 shares of the exchange traded fund’s stock worth $300,502,000 after buying an additional 16,678 shares during the last quarter. Finally, Bank of Korea bought a new position in shares of SPDR Gold Shares in the second quarter worth approximately $250,411,831. 42.19% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: Gold’s rally continued, with reports citing softer yields and a weaker dollar as drivers. The World Bank also expects gold to stay above $4,000 an ounce through 2028, while central-bank purchases remain a source of demand. Gold climbs above $4,100 as falling yields, softer labor costs support bullion World Bank gold outlook
• Neutral Sentiment: Technical commentary described a possible bullish reversal after gold reclaimed resistance, but noted that the broader downtrend and resistance levels could constrain the recovery. Gold bullish reversal forecast
• Negative Sentiment: Elevated real yields and upcoming U.S. jobs data could weaken gold’s momentum if they bolster expectations for tighter monetary policy. Gold also faces resistance near $4,200. Gold faces $4,200 barrier

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $375.49 on Friday. The firm’s 50 day moving average price is $385.96 and its 200-day moving average price is $411.85. SPDR Gold Shares has a 52-week low of $354.67 and a 52-week high of $509.70. The company has a market cap of $137.09 billion, a PE ratio of -32.43 and a beta of 0.20.

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.