SPDR Gold Shares $GLD Stock Acquired by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC boosted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 66.5% during the third quarter, HoldingsChannel.com reports. The fund owned 4,234 shares of the exchange traded fund’s stock after purchasing an additional 1,691 shares during the period. Provenance Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $1,612,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GLD. Parvin Asset Management LLC acquired a new stake in SPDR Gold Shares during the first quarter valued at approximately $31,000. Livelsberger Financial Advisory bought a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at approximately $30,000. NBH Bank acquired a new position in shares of SPDR Gold Shares in the 2nd quarter worth approximately $41,000. IMG Wealth Management Inc. raised its holdings in shares of SPDR Gold Shares by 440.9% in the 3rd quarter. IMG Wealth Management Inc. now owns 119 shares of the exchange traded fund’s stock worth $45,000 after buying an additional 97 shares in the last quarter. Finally, RHL Group LLC lifted its position in shares of SPDR Gold Shares by 48.9% during the 2nd quarter. RHL Group LLC now owns 131 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 43 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Central-bank buying and investment demand offer fundamental support: the World Gold Council reported that central-bank purchases accelerated in the third quarter, reaching their fastest pace since late 2024, and said demand remains near record levels. Gold demand remains near record highs as central bank buying surges Central Banks Accelerated Gold Buying in Third Quarter
• Positive Sentiment: Commerzbank considers October’s sharp correction overdone, arguing that gold’s fundamental supports remain intact and the sell-off could present a buying opportunity. Gold’s October correction was overdone
• Negative Sentiment: Near-term trading signals remain weak. Gold has pulled back as Treasury yields rise and expectations of higher interest rates weigh on non-yielding bullion; analysts also cite resistance below $4,000 and the possibility of further downside. Continued weakness in gold could pressure GLD. Gold pulls back as selling resumes Critical support holds amid growing downside risk

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $359.26 on Wednesday. The business has a 50 day simple moving average of $387.99 and a 200 day simple moving average of $412.34. The company has a market capitalization of $131.17 billion, a PE ratio of -32.43 and a beta of 0.20. SPDR Gold Shares has a one year low of $354.67 and a one year high of $509.70.

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.