2,202 SPDR Gold Shares $GLD Shares Acquired by Kraft Davis & Associates LLC

Kraft Davis & Associates LLC lifted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 47.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,797 shares of the exchange traded fund’s stock after purchasing an additional 2,202 shares during the quarter. Kraft Davis & Associates LLC’s holdings in SPDR Gold Shares were worth $2,580,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of GLD. Guardian Partners Inc. grew its position in SPDR Gold Shares by 30.0% during the 3rd quarter. Guardian Partners Inc. now owns 325 shares of the exchange traded fund’s stock worth $124,000 after purchasing an additional 75 shares in the last quarter. Strengthening Families & Communities LLC raised its stake in SPDR Gold Shares by 2.4% during the 3rd quarter. Strengthening Families & Communities LLC now owns 2,260 shares of the exchange traded fund’s stock valued at $861,000 after purchasing an additional 54 shares during the period. Centennial Advisors LLC lifted its holdings in shares of SPDR Gold Shares by 1.4% in the third quarter. Centennial Advisors LLC now owns 9,513 shares of the exchange traded fund’s stock valued at $3,623,000 after purchasing an additional 128 shares in the last quarter. Sowell Financial Services LLC lifted its holdings in shares of SPDR Gold Shares by 8.6% in the third quarter. Sowell Financial Services LLC now owns 7,349 shares of the exchange traded fund’s stock valued at $2,799,000 after purchasing an additional 579 shares in the last quarter. Finally, Eagle Harbor Asset Management Inc. ADV lifted its holdings in shares of SPDR Gold Shares by 7.3% in the third quarter. Eagle Harbor Asset Management Inc. ADV now owns 1,308 shares of the exchange traded fund’s stock valued at $498,000 after purchasing an additional 89 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.3%

GLD opened at $378.95 on Thursday. The firm has a market capitalization of $140.06 billion, a P/E ratio of -32.43 and a beta of 0.18. The stock has a fifty day moving average of $395.91 and a 200-day moving average of $399.49. SPDR Gold Shares has a 12-month low of $360.12 and a 12-month high of $509.70.

Key Headlines Impacting 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.