Banque Cantonale Vaudoise grew its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 66.8% during the fourth quarter, HoldingsChannel reports. The firm owned 13,167 shares of the exchange traded fund’s stock after acquiring an additional 5,274 shares during the period. Banque Cantonale Vaudoise’s holdings in SPDR Gold Shares were worth $5,218,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Calder Financial LLC purchased a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $807,000. Empirical Asset Management LLC increased its position in shares of SPDR Gold Shares by 256.7% during the third quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock worth $12,941,000 after acquiring an additional 26,197 shares during the period. Colonial Trust Advisors increased its position in shares of SPDR Gold Shares by 7.6% during the third quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock worth $7,010,000 after acquiring an additional 1,385 shares during the period. Ervin Investment Management LLC purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth $7,178,000. Finally, MB Generational Wealth LLC purchased a new stake in shares of SPDR Gold Shares during the third quarter worth $407,000. 42.19% of the stock is owned by hedge funds and other institutional investors.
SPDR Gold Shares Trading Down 1.7%
SPDR Gold Shares stock opened at $411.50 on Wednesday. SPDR Gold Shares has a twelve month low of $298.30 and a twelve month high of $509.70. The stock’s fifty day simple moving average is $433.34 and its 200-day simple moving average is $424.04. The firm has a market capitalization of $149.66 billion, a P/E ratio of -32.43 and a beta of 0.15.
Trending Headlines about SPDR Gold Shares
- Positive Sentiment: Goldman Sachs said central banks have been buying more gold than previously expected, and it sees sovereign demand increasing further through 2026, which is a supportive longer-term tailwind for GLD. Central banks are buying more gold than expected, and purchases will increase further through 2026 – Goldman Sachs
- Neutral Sentiment: Gold edged higher on a possible technical recovery after the front-month futures contract had already fallen about 1%, suggesting bargain-hunting may be emerging after the recent selloff. Gold Edges Higher on Possible Technical Recovery
- Neutral Sentiment: Gold’s recent decline has been driven by rising yields and a stronger dollar, but persistent oil-driven inflation worries and geopolitical tension are still providing some safe-haven support. Treasury Yields Spike To Trump’s Second-Term High, Sinking Gold And S&P 500
- Negative Sentiment: Spot gold slipped below key support levels as rising Treasury yields and a stronger U.S. dollar outweighed safe-haven demand, pressuring GLD lower. Gold drops below $4,500, silver breaks $74 support as Iran talks stall – Kitco PM Report
- Negative Sentiment: Multiple intraday updates showed gold trading lower as the dollar and yields climbed on inflation worries, reinforcing the near-term bearish momentum for the ETF. Gold Edges Lower as USD and Yields Rise on Inflation Worries
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.
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