SPDR Gold Shares $GLD Position Trimmed by Walser Wealth Management Company A Ltd Liability Co

Walser Wealth Management Company A Ltd Liability Co decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 7.8% during the third quarter, HoldingsChannel.com reports. The fund owned 72,546 shares of the exchange traded fund’s stock after selling 6,156 shares during the quarter. SPDR Gold Shares comprises 10.5% of Walser Wealth Management Company A Ltd Liability Co’s investment portfolio, making the stock its biggest position. Walser Wealth Management Company A Ltd Liability Co’s holdings in SPDR Gold Shares were worth $27,628,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. AdvisorNet Financial Inc raised its holdings in shares of SPDR Gold Shares by 2.7% during the 3rd quarter. AdvisorNet Financial Inc now owns 60,403 shares of the exchange traded fund’s stock worth $22,711,000 after acquiring an additional 1,581 shares in the last quarter. Saxony Capital Management LLC boosted its position in shares of SPDR Gold Shares by 5.9% during the 3rd quarter. Saxony Capital Management LLC now owns 4,591 shares of the exchange traded fund’s stock valued at $1,748,000 after acquiring an additional 254 shares during the last quarter. Weaver Capital Management LLC boosted its position in shares of SPDR Gold Shares by 8.6% during the 3rd quarter. Weaver Capital Management LLC now owns 4,985 shares of the exchange traded fund’s stock valued at $1,898,000 after acquiring an additional 396 shares during the last quarter. WealthPLAN Partners LLC grew its holdings in shares of SPDR Gold Shares by 7.4% in the third quarter. WealthPLAN Partners LLC now owns 4,212 shares of the exchange traded fund’s stock valued at $1,604,000 after purchasing an additional 292 shares in the last quarter. Finally, RDA Financial Network grew its holdings in shares of SPDR Gold Shares by 12.5% in the third quarter. RDA Financial Network now owns 1,303 shares of the exchange traded fund’s stock valued at $496,000 after purchasing an additional 145 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $382.71 on Friday. The company’s fifty day moving average is $397.68 and its 200 day moving average is $400.85. SPDR Gold Shares has a fifty-two week low of $360.12 and a fifty-two week high of $509.70. The stock has a market capitalization of $141.30 billion, a PE ratio of -32.43 and a beta of 0.18.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: China’s central bank added 23 tonnes of gold to its reserves in September, while Chinese gold ETFs recorded strong inflows and holiday demand for jewelry, bars and coins improved. These trends support physical and investment demand for gold. China buys the gold dip as ETF holdings hit record and holiday demand lifts Q4 outlook
• Positive Sentiment: Earlier declines in the U.S. dollar and Treasury yields helped gold rebound, while weaker-than-expected Philadelphia Fed manufacturing data increased demand for defensive assets. Gold rebounds as dollar dives
• Positive Sentiment: Analysts continue to cite central-bank purchases, ETF inflows and potential debasement risks as reasons for a longer-term gold recovery; Jefferies reportedly sees potential for gold to reach $5,000 in 2027. Gold’s weakness is a buying opportunity

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.