Quadrature Capital Ltd cut its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 14.3% in the third quarter, Holdings Channel.com reports. The firm owned 281,275 shares of the exchange traded fund’s stock after selling 46,785 shares during the quarter. SPDR Gold Shares makes up approximately 1.2% of Quadrature Capital Ltd’s investment portfolio, making the stock its 21st biggest position. Quadrature Capital Ltd’s holdings in SPDR Gold Shares were worth $99,974,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC boosted its position in shares of SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after acquiring an additional 1,903 shares during the last quarter. Bison Wealth LLC grew its holdings in shares of SPDR Gold Shares by 77.8% during the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after purchasing an additional 2,600 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of SPDR Gold Shares during the 1st quarter worth about $16,014,000. Schnieders Capital Management LLC. increased its position in shares of SPDR Gold Shares by 4.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock worth $1,829,000 after purchasing an additional 275 shares during the last quarter. Finally, Summit Investment Advisors Inc. raised its holdings in SPDR Gold Shares by 6.7% in the 1st quarter. Summit Investment Advisors Inc. now owns 1,515 shares of the exchange traded fund’s stock valued at $437,000 after buying an additional 95 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Price Performance
Shares of GLD stock opened at $466.88 on Friday. The firm has a market cap of $177.46 billion, a PE ratio of -32.43 and a beta of 0.09. The company has a 50-day moving average of $453.05 and a two-hundred day moving average of $397.79. SPDR Gold Shares has a 1-year low of $271.55 and a 1-year high of $509.70.
SPDR Gold Shares News Roundup
- Positive Sentiment: Geopolitical risk continues to underpin demand for gold as Iran tensions keep volatility elevated and intermittently draw safe?haven flows. Gold (XAUUSD) & Silver Price Forecast: Iran Tensions Fuel Volatility – Will Gold Test $5,020?
- Positive Sentiment: Risk?off episodes are still attracting dip buyers into gold, providing intraday support despite macro headwinds. Gold Price Analysis – Gold Continues to See Buyers in Risk Aversion
- Positive Sentiment: Some market commentary shows mild price gains and pauses rather than a clear downtrend, signaling that episodic buying could limit losses for GLD. Mild price gains in gold as market pauses
- Neutral Sentiment: World Gold Council research argues physical supply and price dynamics are structurally resilient — a longer?term supportive backdrop but not a near?term price driver. Gold supply and price are extremely resistant to depletion or potential manipulation by miners – World Gold Council
- Neutral Sentiment: Analysts note gold is a crowded trade and that “smart money” is repositioning (some into miners/digital gold products), which could shift flows between GLD and other gold exposures. Analyst Jim Wyckoff Says Gold Is A Crowded Trade—Here’s What Smart Money’s Buying
- Neutral Sentiment: Coverage of junior miners and miner fundamentals suggests equities could outperform if bullion stays elevated — relevant for gold stocks but only indirectly for GLD. Cash-starved junior miners poised for next leg of gold equity rally – Crescat’s Kevin Smith
- Negative Sentiment: Recent technical analysis identifies a bearish flag/wedge breakdown that could open the door to further downside in spot gold — a direct bearish signal for GLD flows. Gold (XAU/USD) Price Forecast: Bear Flag Signals Further Weakness
- Negative Sentiment: A firmer U.S. dollar and rising Treasury yields — driven by hawkish Fed expectations and higher oil/inflation expectations — are pressuring gold prices and weighing on GLD. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats As Dollar Tests New Highs
- Negative Sentiment: Coverage highlights oil-driven inflation worries lifting yields and denting gold’s appeal, contributing to recent price declines. Gold Falls as Rising Oil Prices Spur Inflation Worries
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.
Featured Stories
- Five stocks we like better than SPDR Gold Shares
- The gold chart Wall Street is terrified of…
- Elon Musk already made me a “wealthy man”
- Unlocked: Elon Musk’s Next Big IPO
- Silver paying 20% dividend. Plus 68% share gains
- 1,500 Banks Just Handed the Fed Your Bank Account
Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.
