Ethos Financial Group LLC lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 18.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,213 shares of the exchange traded fund’s stock after purchasing an additional 7,565 shares during the quarter. SPDR Gold Shares comprises about 1.3% of Ethos Financial Group LLC’s portfolio, making the stock its 17th biggest position. Ethos Financial Group LLC’s holdings in SPDR Gold Shares were worth $17,138,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. HB Wealth Management LLC raised its stake in SPDR Gold Shares by 17.7% in the third quarter. HB Wealth Management LLC now owns 66,182 shares of the exchange traded fund’s stock valued at $23,526,000 after buying an additional 9,954 shares during the last quarter. Caldwell Trust Co increased its holdings in shares of SPDR Gold Shares by 8.1% during the third quarter. Caldwell Trust Co now owns 2,177 shares of the exchange traded fund’s stock valued at $774,000 after acquiring an additional 164 shares in the last quarter. Burford Brothers Inc. raised its position in shares of SPDR Gold Shares by 25.5% in the 3rd quarter. Burford Brothers Inc. now owns 2,064 shares of the exchange traded fund’s stock valued at $734,000 after purchasing an additional 420 shares during the last quarter. Spire Wealth Management boosted its stake in SPDR Gold Shares by 13.4% in the 3rd quarter. Spire Wealth Management now owns 32,805 shares of the exchange traded fund’s stock worth $11,661,000 after purchasing an additional 3,864 shares in the last quarter. Finally, Harfst & Associates Inc. purchased a new stake in SPDR Gold Shares during the 3rd quarter worth approximately $449,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.
SPDR Gold Shares Trading Down 1.0%
Shares of SPDR Gold Shares stock opened at $409.23 on Thursday. The firm’s 50 day simple moving average is $388.33 and its two-hundred day simple moving average is $350.49. The firm has a market capitalization of $152.36 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 12-month low of $244.51 and a 12-month high of $418.45.
Key Headlines Impacting SPDR Gold Shares
- Positive Sentiment: Ongoing geopolitical tensions and risk events are supporting safe‑haven demand for gold, a tailwind for GLD. Gold Edges Higher Amid Ongoing Geopolitical Tensions
- Positive Sentiment: Central banks continued buying (World Gold Council / Kitco report), supporting the structural demand backdrop for bullion and GLD. Central banks bought 45 tonnes of gold in November
- Positive Sentiment: Market commentators and fund managers reiterate that the broader structural bull case for gold remains intact, supporting medium‑term GLD demand. Gold’s structural bull market is far from over
- Neutral Sentiment: Technicals show recent pullbacks are holding at short‑term moving averages, meaning downside may be limited and the upside bias remains intact — a mixed/steady signal for GLD flows. Gold Price Forecast: Pullback Holds Support
- Neutral Sentiment: Macro drivers such as Fed rate‑cut expectations and industrial demand are supportive overall, but they leave gold sensitive to incoming US data and policy signals. Fed Outlook and Industrial Demand Shape XAU, XAG
- Neutral Sentiment: Supply outlook: the World Gold Council expects mine output to peak around 2027 and then plateau, a long‑term factor for fundamentals rather than an immediate price mover. Gold mining output to peak in 2027
- Negative Sentiment: Short‑term profit‑taking after a strong rally has driven selling pressure and clipped GLD today as traders lock gains ahead of major US jobs data. Precious Metals Pull Back Amid Profit-Taking
- Negative Sentiment: Fresh US economic prints (ISM services strength and ADP jobs) lifted risk sentiment and reduced immediate safe‑haven bids, pressuring gold and GLD. Spot gold trades near session low after ISM Services PMI rises
- Negative Sentiment: Deutsche Bank warns that index rebalancing (Bloomberg Commodity Index) in mid‑January could trigger technical selling in precious metals — a near‑term flow risk for GLD. Gold and silver face January headwind as index rebalancing looms
SPDR Gold Shares Company 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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