Envestnet Portfolio Solutions Inc. Increases Position in SPDR Gold Shares $GLD

Envestnet Portfolio Solutions Inc. increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 15.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 126,963 shares of the exchange traded fund’s stock after acquiring an additional 16,865 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in SPDR Gold Shares were worth $46,761,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Corient Private Wealth LLC raised its holdings in shares of SPDR Gold Shares by 571.3% in the fourth quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock worth $1,565,118,000 after buying an additional 3,360,966 shares during the last quarter. Virtu Financial LLC acquired a new stake in SPDR Gold Shares during the 4th quarter worth about $474,952,000. Marino Management LLC purchased a new stake in SPDR Gold Shares during the 4th quarter valued at about $438,475,000. Diamant Asset Management Inc. grew its stake in SPDR Gold Shares by 42,929.0% during the 1st quarter. Diamant Asset Management Inc. now owns 697,070 shares of the exchange traded fund’s stock valued at $299,942,000 after purchasing an additional 695,450 shares during the last quarter. Finally, Bank of Korea acquired a new position in shares of SPDR Gold Shares in the second quarter valued at about $250,411,831. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.8%

Shares of NYSEARCA:GLD traded down $7.19 during trading on Wednesday, hitting $392.88. The stock had a trading volume of 7,389,098 shares, compared to its average volume of 11,926,152. SPDR Gold Shares has a 12-month low of $342.14 and a 12-month high of $509.70. The stock has a market capitalization of $145.01 billion, a price-to-earnings ratio of -32.43 and a beta of 0.19. The stock has a 50-day simple moving average of $394.75 and a two-hundred day simple moving average of $408.12.

SPDR Gold Shares News Summary

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

• Positive Sentiment: Goldman Sachs maintained a bullish outlook, projecting gold could reach $4,900 per ounce in 2026. The bank cited strong central-bank purchases and evidence that China’s gold buying may be substantially higher than official reports indicate. Gold price will hit $4,900/oz in 2026 on strong sovereign demand as China buys 75% more than reported in July – Goldman Sachs
• Positive Sentiment: TD Securities said gold’s broader bull market remains intact and could support another move above $5,000 per ounce. BMO also pointed to strengthening underlying demand, while China’s imports have reached record levels this year. Gold’s bull run isn’t over: TD Securities sees next leg above $5,000
• Neutral Sentiment: Gold is testing the $4,300 area, with technical analysts viewing roughly $4,291–$4,300 as important support. A rebound above approximately $4,399 could improve momentum, while a sustained break below support would weaken the technical outlook. Gold Price Forecast: Bullish Flag Puts $4,543 in Focus
• Negative Sentiment: Near-term selling intensified after the U.S. flash Composite PMI rose to 58.4, exceeding forecasts and reducing demand for defensive assets. The stronger economic outlook, firmer dollar, elevated bond yields, and hawkish Fed commentary have increased expectations for tighter monetary policy, which raises the opportunity cost of holding non-yielding gold. SPDR Gold Trust Slips Wednesday: What’s Happening?

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.