SPDR Gold Shares $GLD Shares Sold by Royal Fund Management LLC

Royal Fund Management LLC decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 83.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,717 shares of the exchange traded fund’s stock after selling 14,146 shares during the period. Royal Fund Management LLC’s holdings in SPDR Gold Shares were worth $1,035,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Wealth Management Group LLC bought a new position in shares of SPDR Gold Shares during the 1st quarter worth approximately $30,000. Parvin Asset Management LLC acquired a new stake in SPDR Gold Shares in the 1st quarter valued at $31,000. NBH Bank bought a new stake in SPDR Gold Shares in the second quarter valued at $41,000. RHL Group LLC grew its position in SPDR Gold Shares by 48.9% in the second quarter. RHL Group LLC now owns 131 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 43 shares during the period. Finally, Ballast Advisors LLC bought a new stake in SPDR Gold Shares in the first quarter valued at $57,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.6%

SPDR Gold Shares stock traded down $2.39 during mid-day trading on Friday, hitting $366.61. 9,930,977 shares of the company were exchanged, compared to its average volume of 11,524,645. The company has a market capitalization of $136.31 billion, a PE ratio of -32.43 and a beta of 0.18. The business has a fifty day moving average of $394.61 and a 200 day moving average of $398.84. SPDR Gold Shares has a 1-year low of $360.12 and a 1-year high of $509.70.

Trending Headlines about SPDR Gold Shares

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

• Positive Sentiment: Falling U.S. Treasury yields and rising inflation expectations could eventually support gold by increasing demand for an inflation hedge and reducing the opportunity cost of holding a non-yielding asset. The October 28 Federal Reserve decision is the next major catalyst. Gold Defends $4,000 After Bounce as Fed Signals Take Center Stage
• Positive Sentiment: Some analysts view the current selloff as a temporary delay rather than the end of gold’s longer-term advance, citing geopolitical risks, elevated gold prices and strong mining-sector cash flows. War in Iran, higher energy prices are only delaying gold’s rally
• Neutral Sentiment: GLD remains a widely watched vehicle for gaining direct exposure to gold during market volatility. Its future direction will likely depend on whether easing-rate expectations and geopolitical demand outweigh inflation-driven pressure on bonds and interest rates. Gold ETFs to Watch Amid Fed Rate Hike & Oil Risks
• Negative Sentiment: Crude oil’s rise amid renewed Middle East and Hormuz tensions is increasing inflation concerns and reinforcing expectations for additional Fed tightening. That combination has pressured gold and other precious metals despite lower Treasury yields. Gold heads for steep weekly loss as Hormuz tensions lift crude
• Negative Sentiment: Gold has broken below the $4,000 support area, with technical analysts warning that further weakness could expose support near $3,942 and other lower Fibonacci levels. Strong U.S. activity data and better-than-expected consumer sentiment are also reducing immediate safe-haven demand. Gold Price Forecast: Bearish Momentum Puts Major Support at Risk

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.