Tocqueville Asset Management L.P. Has $24.54 Million Stock Position in SPDR Gold Shares $GLD

Tocqueville Asset Management L.P. lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,043 shares of the exchange traded fund’s stock after acquiring an additional 2,293 shares during the period. Tocqueville Asset Management L.P.’s holdings in SPDR Gold Shares were worth $24,543,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Hopwood Financial Services Inc. acquired a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at about $27,000. Chapman Financial Group LLC acquired a new position in shares of SPDR Gold Shares during the second quarter worth about $26,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of SPDR Gold Shares during the third quarter worth about $31,000. Kilter Group LLC bought a new position in shares of SPDR Gold Shares during the second quarter worth about $34,000. Finally, Traub Capital Management LLC acquired a new stake in SPDR Gold Shares in the 2nd quarter valued at approximately $34,000. 42.19% of the stock is owned by institutional investors.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: Analysts and outlets point to ETFs (including funds like GLD) as direct ways to play increased safe?haven interest from the Middle East conflict, supporting medium-term demand for bullion-backed funds. 3 Ways to Play Gold Amid the Ongoing Middle East Conflict
• Positive Sentiment: Near-term data flow (U.S. durable?goods reading came in flat for January) helped gold spike toward session highs as traders bought dips — a sign that macro headlines can still trigger short-term inflows into GLD. Gold nears session high after U.S. durable goods post flat reading in January
• Positive Sentiment: Wall Street coverage notes intermittent safe?haven bids as the Middle East conflict continues, which can lift ETF flows episodically even if the broader trend is mixed. Gold Edges Higher Amid Ongoing Middle East Conflict
• Neutral Sentiment: Market technicians publish intraday levels and trade plans for active traders — useful for short-term GLD trading but not a directional fundamental catalyst. Gold market analysis for March 13 – key intra-day price entry levels for active traders
• Neutral Sentiment: Commentary warns of price pressure ahead of key U.S. inflation data (PCE/CPI windows), which creates short-term volatility risk but is data-dependent. Price pressure on gold, silver ahead of key U.S. inflation report
• Negative Sentiment: Several pieces highlight a stronger U.S. dollar and rising Treasury yields that are capping gold’s upside — a key reason GLD has pulled back despite geopolitical risk. Gold (XAUUSD) Technical Analysis: Strong Dollar Caps Upside Despite US-Iran Tensions
• Negative Sentiment: Columns point out that since the Iran conflict began the dollar has surged while gold has underperformed — suggesting safe?haven flows are splitting and favoring cash/USD over bullion in this phase. Gold’s Tanked Since Iran War Began, Dollar’s Surged. One Thing Has Split the Havens.
• Negative Sentiment: Technical forecasts warn of bearish patterns (bear flags/rising?wedge breakdowns) that could push spot gold lower toward key support levels — a direct negative for GLD flows and price. Gold (XAU/USD) Price Forecast: Bear Flag Signals Further Weakness

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock traded down $3.01 during midday trading on Friday, reaching $463.87. The stock had a trading volume of 3,482,128 shares, compared to its average volume of 19,306,211. The stock has a market capitalization of $176.32 billion, a P/E ratio of -32.43 and a beta of 0.09. The firm’s fifty day simple moving average is $453.05 and its 200-day simple moving average is $397.79. SPDR Gold Shares has a 1-year low of $272.58 and a 1-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.