Certuity LLC grew its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 90.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,876 shares of the exchange traded fund’s stock after purchasing an additional 4,694 shares during the quarter. Certuity LLC’s holdings in SPDR Gold Shares were worth $3,511,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC increased its position in shares of SPDR Gold Shares by 31,232.8% during the second quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock valued at $890,837,000 after acquiring an additional 2,913,079 shares in the last quarter. First Eagle Investment Management LLC lifted its position in SPDR Gold Shares by 2.7% in the 3rd quarter. First Eagle Investment Management LLC now owns 2,531,196 shares of the exchange traded fund’s stock valued at $899,764,000 after acquiring an additional 66,416 shares in the last quarter. Bank of Montreal Can purchased a new stake in SPDR Gold Shares during the 3rd quarter valued at $556,282,000. Envestnet Asset Management Inc. boosted its stake in SPDR Gold Shares by 3.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,222,891 shares of the exchange traded fund’s stock valued at $434,701,000 after purchasing an additional 35,619 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of SPDR Gold Shares by 1.4% in the 3rd quarter. Barclays PLC now owns 1,125,376 shares of the exchange traded fund’s stock worth $400,037,000 after purchasing an additional 15,932 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Price Performance
GLD stock opened at $466.88 on Friday. The stock has a market capitalization of $177.46 billion, a P/E ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 1-year low of $271.55 and a 1-year high of $509.70. The business has a fifty day moving average price of $453.05 and a 200-day moving average price of $397.79.
More SPDR Gold Shares News
- Positive Sentiment: Geopolitical risk continues to underpin demand for gold as Iran tensions keep volatility elevated and intermittently draw safe‑haven flows. Gold (XAUUSD) & Silver Price Forecast: Iran Tensions Fuel Volatility – Will Gold Test $5,020?
- Positive Sentiment: Risk‑off episodes are still attracting dip buyers into gold, providing intraday support despite macro headwinds. Gold Price Analysis – Gold Continues to See Buyers in Risk Aversion
- Positive Sentiment: Some market commentary shows mild price gains and pauses rather than a clear downtrend, signaling that episodic buying could limit losses for GLD. Mild price gains in gold as market pauses
- Neutral Sentiment: World Gold Council research argues physical supply and price dynamics are structurally resilient — a longer‑term supportive backdrop but not a near‑term price driver. Gold supply and price are extremely resistant to depletion or potential manipulation by miners – World Gold Council
- Neutral Sentiment: Analysts note gold is a crowded trade and that “smart money” is repositioning (some into miners/digital gold products), which could shift flows between GLD and other gold exposures. Analyst Jim Wyckoff Says Gold Is A Crowded Trade—Here’s What Smart Money’s Buying
- Neutral Sentiment: Coverage of junior miners and miner fundamentals suggests equities could outperform if bullion stays elevated — relevant for gold stocks but only indirectly for GLD. Cash-starved junior miners poised for next leg of gold equity rally – Crescat’s Kevin Smith
- Negative Sentiment: Recent technical analysis identifies a bearish flag/wedge breakdown that could open the door to further downside in spot gold — a direct bearish signal for GLD flows. Gold (XAU/USD) Price Forecast: Bear Flag Signals Further Weakness
- Negative Sentiment: A firmer U.S. dollar and rising Treasury yields — driven by hawkish Fed expectations and higher oil/inflation expectations — are pressuring gold prices and weighing on GLD. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats As Dollar Tests New Highs
- Negative Sentiment: Coverage highlights oil-driven inflation worries lifting yields and denting gold’s appeal, contributing to recent price declines. Gold Falls as Rising Oil Prices Spur Inflation Worries
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.
Recommended Stories
- Five stocks we like better than SPDR Gold Shares
- The gold chart Wall Street is terrified of…
- Elon Musk already made me a “wealthy man”
- Unlocked: Elon Musk’s Next Big IPO
- 1,500 Banks Just Handed the Fed Your Bank Account
- Silver paying 20% dividend. Plus 68% share gains
Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.
