King Luther Capital Management Corp Has $6.28 Million Stock Holdings in SPDR Gold Shares $GLD

King Luther Capital Management Corp cut its position in SPDR Gold Shares (NYSEARCA:GLD) by 12.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,856 shares of the exchange traded fund’s stock after selling 2,320 shares during the quarter. King Luther Capital Management Corp’s holdings in SPDR Gold Shares were worth $6,284,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Perissos Private Wealth Management LLC lifted its holdings in shares of SPDR Gold Shares by 14.8% in the 4th quarter. Perissos Private Wealth Management LLC now owns 20,012 shares of the exchange traded fund’s stock worth $7,931,000 after purchasing an additional 2,576 shares in the last quarter. Expressive Wealth LLC bought a new position in shares of SPDR Gold Shares in the 4th quarter worth $4,426,000. Steel Grove Capital Advisors LLC raised its holdings in shares of SPDR Gold Shares by 27.4% in the 4th quarter. Steel Grove Capital Advisors LLC now owns 2,652 shares of the exchange traded fund’s stock worth $1,051,000 after acquiring an additional 570 shares during the last quarter. King Wealth Management Group raised its holdings in shares of SPDR Gold Shares by 92.7% in the 4th quarter. King Wealth Management Group now owns 2,896 shares of the exchange traded fund’s stock worth $1,148,000 after acquiring an additional 1,393 shares during the last quarter. Finally, Flputnam Investment Management Co. raised its holdings in shares of SPDR Gold Shares by 3.9% in the 4th quarter. Flputnam Investment Management Co. now owns 10,685 shares of the exchange traded fund’s stock worth $4,234,000 after acquiring an additional 400 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

GLD opened at $412.77 on Friday. SPDR Gold Shares has a fifty-two week low of $299.89 and a fifty-two week high of $509.70. The firm has a market capitalization of $150.12 billion, a PE ratio of -32.43 and a beta of 0.15. The company’s 50-day moving average is $425.81 and its 200 day moving average is $426.34.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Gold rebounded as weaker U.S. GDP and softer dollar pressure offset some inflation concerns linked to the Strait of Hormuz and U.S.-Iran headlines. Gold rebounds as weak GDP offsets Hormuz risk – Kitco PM Report
• Positive Sentiment: Weaker-than-expected U.S. jobless claims and new-home sales data added support by reinforcing the case for eventual Fed rate cuts, which can help gold and GLD. Gold price finding new support as U.S. New home sales drop 6.2% in April
• Positive Sentiment: Traders also bought gold on hopes that lower Fed hawkishness and possible Iran-related de-escalation could still keep the broader gold uptrend intact. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Traders Bet On Iran Deal
• Neutral Sentiment: Several technical reports said gold is testing key support near the 200-day moving average and could be forming a rebound pattern, suggesting near-term stabilization rather than a clear trend reversal. Gold (XAU/USD) Price Forecast: Reversal Signals Build Near 200-Day
• Negative Sentiment: Gold also fell to a two-month low earlier as stronger inflation prints, firmer oil prices, and a stronger dollar reduced the appeal of non-yielding bullion. Gold tumbles to two-month low as inflation hedge status fades
• Negative Sentiment: Higher Treasury yields and persistent dollar strength remain a key headwind, and UBS cut its 2026 gold forecast, signaling that elevated opportunity cost could keep pressure on GLD. UBS lowers 2026 gold price forecast to $5,500/oz

SPDR Gold Shares Company 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.