Hengehold Capital Management LLC Buys 3,632 Shares of SPDR Gold Shares $GLD

Hengehold Capital Management LLC increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 78.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,267 shares of the exchange traded fund’s stock after acquiring an additional 3,632 shares during the quarter. Hengehold Capital Management LLC’s holdings in SPDR Gold Shares were worth $3,148,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of GLD. Private Wealth Management Group LLC acquired a new stake in SPDR Gold Shares during the first quarter worth about $30,000. Parvin Asset Management LLC acquired a new position in SPDR Gold Shares in the 1st quarter valued at about $31,000. Longview Financial Advisors Inc. acquired a new position in SPDR Gold Shares in the 1st quarter valued at about $35,000. NBH Bank acquired a new position in SPDR Gold Shares in the 2nd quarter valued at about $41,000. Finally, Trust Co. of Vermont purchased a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at approximately $43,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.2%

Shares of SPDR Gold Shares stock traded down $0.70 during mid-day trading on Friday, hitting $382.01. The stock had a trading volume of 9,060,684 shares, compared to its average volume of 11,585,232. The firm has a 50-day moving average of $397.35 and a two-hundred day moving average of $400.72. The firm has a market cap of $141.23 billion, a P/E ratio of -32.43 and a beta of 0.18. SPDR Gold Shares has a 12-month low of $360.12 and a 12-month high of $509.70.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Falling Treasury yields, lower real yields and a softer dollar helped gold recover from its recent selloff. Reduced expectations for an October Fed rate hike also improved sentiment toward non-yielding assets. Gold Weekly Price Forecast – Gold Tests $4,000 Demand Zone as Lower Real Yields Offer Support
• Positive Sentiment: Underlying demand remains supportive: China’s central bank added 23 tonnes to its reserves, Chinese gold ETFs attracted inflows, and holiday jewelry, bar and coin demand improved. These trends may provide a floor for gold and GLD over the longer term. China buys the gold dip as ETF holdings hit record and holiday demand lifts Q4 outlook
• Neutral Sentiment: Technical conditions remain mixed. Gold has held the roughly $4,000 demand zone for multiple weeks, but the market faces resistance near $4,200–$4,226. A breakout could help GLD, while another failure would reinforce consolidation. Gold Price Forecast: Bulls Face Crucial $4,226 Resistance
• Negative Sentiment: Hot U.S. inflation data—September CPI at 3.7% and PPI rising 6.3%—kept December Fed tightening expectations alive. Higher potential rates, stronger yields and a firmer dollar initially triggered a sharp gold decline and continue to cap its recovery.
• Negative Sentiment: Wall Street remains divided and retail sentiment is becoming more bearish after gold failed to decisively clear the $4,200 area. Upcoming housing, PMI, employment and consumer-sentiment reports could create additional volatility for GLD. Wall Street undecided on gold’s near-term trajectory

About SPDR Gold Shares

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.