Truist Financial Corp Grows Stock Holdings in SPDR Gold Shares $GLD

Truist Financial Corp lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 2.1% during the third quarter, Holdings Channel reports. The fund owned 583,915 shares of the exchange traded fund’s stock after buying an additional 12,070 shares during the quarter. Truist Financial Corp’s holdings in SPDR Gold Shares were worth $207,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in GLD. Mccarter Private Wealth Services LLC raised its stake in shares of SPDR Gold Shares by 3.2% during the 3rd quarter. Mccarter Private Wealth Services LLC now owns 870 shares of the exchange traded fund’s stock valued at $309,000 after buying an additional 27 shares during the last quarter. Norris Perne & French LLP MI boosted its stake in shares of SPDR Gold Shares by 3.3% in the third quarter. Norris Perne & French LLP MI now owns 873 shares of the exchange traded fund’s stock worth $310,000 after buying an additional 28 shares during the last quarter. Revisor Wealth Management LLC grew its holdings in SPDR Gold Shares by 2.4% during the third quarter. Revisor Wealth Management LLC now owns 1,237 shares of the exchange traded fund’s stock worth $452,000 after acquiring an additional 29 shares during the period. Halbert Hargrove Global Advisors LLC raised its position in SPDR Gold Shares by 12.0% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 271 shares of the exchange traded fund’s stock valued at $96,000 after acquiring an additional 29 shares in the last quarter. Finally, Phil A. Younker & Associates Ltd. lifted its holdings in SPDR Gold Shares by 4.0% in the third quarter. Phil A. Younker & Associates Ltd. now owns 781 shares of the exchange traded fund’s stock valued at $278,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 2.5%

SPDR Gold Shares stock opened at $476.10 on Wednesday. The firm has a market cap of $179.73 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 12 month low of $253.30 and a 12 month high of $476.49. The stock’s 50 day simple moving average is $405.80 and its two-hundred day simple moving average is $363.47.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Record highs and bullish momentum: multiple reports show spot gold moving past $5,000–$5,280 on dollar weakness and risk flows, supporting stronger demand for GLD. Gold (XAUUSD) & Silver Price Forecast: $5,280 Record, $117 Silver – Can Fed Fuel the Next Leg?
• Positive Sentiment: Safe-haven flows ahead of Fed decision: coverage notes the U.S. dollar breaking down and investors buying bullion into Fed uncertainty, a direct tailwind for GLD inflows. Gold and Silver Surge Above $5,200 as U.S. Dollar Breaks Down and Fed Decision Looms
• Positive Sentiment: Institutional & market positioning: options flow and analyst upgrades suggest traders and some banks are pricing further upside (targets as high as $6,000+), which can sustain GLD buying interest. Options traders bet gold price to rally more after breaking $5,000
• Positive Sentiment: Fresh demand from non-traditional holders: Tether reported additional gold purchases (~27 tonnes), signaling incremental institutional/crypto-linked demand for physical gold that supports GLD’s underlying asset. Tether says it bought 27 tons of gold in fourth quarter
• Neutral Sentiment: Retail & jewelry demand angle: coverage that luxury brands (e.g., Tiffany shifting toward gold) points to steady consumer demand, but this is a longer-term, modest support for GLD relative to macro drivers. Tiffany & Co. is setting its sights on the gold girlies
• Negative Sentiment: Technical correction risk: some outlets and analysts warn of short?term pullbacks and profit?taking after parabolic gains; these signals increase volatility for GLD and could prompt short-term outflows. Gold Falls on Likely Technical Correction, Possible Profit-Taking
• Negative Sentiment: Momentum fatigue warnings: some technical analysts flag a stall after the multi-session rally, meaning GLD could see choppy trading or short-term consolidation. Gold (XAUUSD) Price Forecast: Rally at Turning Point After Momentum Shows First Signs of Fatigue

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.