CENTRAL TRUST Co Has $28.66 Million Position in SPDR Gold Shares $GLD

CENTRAL TRUST Co cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 6.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 66,618 shares of the exchange traded fund’s stock after selling 4,218 shares during the period. CENTRAL TRUST Co’s holdings in SPDR Gold Shares were worth $28,665,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Morgan Stanley grew its stake in SPDR Gold Shares by 22.4% during the fourth quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock worth $5,506,229,000 after purchasing an additional 2,539,266 shares during the period. Corient Private Wealth LLC lifted its stake in SPDR Gold Shares by 571.3% in the fourth quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock valued at $1,565,118,000 after buying an additional 3,360,966 shares during the period. First Eagle Investment Management LLC lifted its stake in SPDR Gold Shares by 2.7% in the third 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 buying an additional 66,416 shares during the period. Bank of Montreal Can bought a new position in shares of SPDR Gold Shares during the 3rd quarter worth approximately $556,282,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of SPDR Gold Shares by 3.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock worth $554,139,000 after buying an additional 50,756 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 1.9%

Shares of GLD stock opened at $377.32 on Wednesday. The firm has a 50 day moving average of $415.31 and a 200-day moving average of $428.16. The company has a market cap of $137.23 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14. SPDR Gold Shares has a 52 week low of $299.89 and a 52 week high of $509.70.

Key SPDR Gold Shares News

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

• Positive Sentiment: Gold is being viewed by some portfolio managers as an attractive buying opportunity after its recent pullback, with de-dollarization trends still seen as supportive over the longer term. Gold’s pullback creates attractive entry as de-dollarization turns structural – KMLM’s Prior
• Positive Sentiment: China’s gold imports jumped to a 26-month high in May, suggesting physical demand remains strong even after the recent price decline. China gold imports hit 26-month high in May, up 76% YTD
• Neutral Sentiment: Gold briefly bounced from session lows after better-than-expected U.S. PMI data, showing that the metal is still reacting quickly to macroeconomic releases. Spot gold rises from session lows as flash S&P composite PMI improves to 52.2
• Negative Sentiment: Gold has been falling for multiple sessions as the dollar strengthens and rate-hike fears rise, pressuring GLD lower. Gold and silver tumble as rate-hike fears hit precious metals
• Negative Sentiment: Deutsche Bank and BMO both trimmed gold forecasts, citing weaker investor demand and the Fed’s hawkish shift, which could keep GLD under pressure near term. BMO cuts gold price forecast as Fed’s hawkish shift weighs on precious metals Deutsche Bank cuts 2026 gold price targets to $4,300/oz for Q3, $4,800/oz in Q4 as investor demand drops

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.