Payden & Rygel Purchases 52,650 Shares of SPDR Gold Shares $GLD

Payden & Rygel increased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 40.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183,650 shares of the exchange traded fund’s stock after purchasing an additional 52,650 shares during the quarter. SPDR Gold Shares makes up approximately 5.5% of Payden & Rygel’s holdings, making the stock its largest holding. Payden & Rygel owned about 0.05% of SPDR Gold Shares worth $69,941,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. First Eagle Investment Management LLC raised its position in SPDR Gold Shares by 1.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 2,491,623 shares of the exchange traded fund’s stock valued at $917,864,000 after purchasing an additional 35,882 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in SPDR Gold Shares by 0.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,169,683 shares of the exchange traded fund’s stock worth $430,888,000 after buying an additional 5,793 shares during the period. PPSC Investment Service Corp grew its position in shares of SPDR Gold Shares by 2.2% in the 3rd quarter. PPSC Investment Service Corp now owns 789,050 shares of the exchange traded fund’s stock worth $300,502,000 after buying an additional 16,678 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of SPDR Gold Shares by 1.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 707,998 shares of the exchange traded fund’s stock worth $304,644,000 after buying an additional 12,415 shares during the last quarter. Finally, Bank of Korea purchased a new position in shares of SPDR Gold Shares during the second quarter valued at approximately $250,411,831. 42.19% of the stock is owned by institutional investors.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: Market technician Peter Brandt identified potential bottoming signals after GLD reached a 52-week low, which could attract bargain hunters if gold stabilizes. Gold, Silver In Spotlight After GLD Hits 52-Week Low
• Positive Sentiment: Longer-term bullish arguments remain, including elevated inflation, geopolitical risks and uncertainty surrounding the artificial-intelligence sector, all of which may support demand for gold as a safe-haven asset. Gold Just Dipped Below $4,000 Per Ounce
• Neutral Sentiment: The Swiss National Bank’s large quarterly profit from gold and foreign assets highlights the gains central-bank gold holdings can generate, but it does not directly change GLD’s near-term outlook. Swiss Central Bank Posts Bumper Profit
• Negative Sentiment: Gold’s break below $4,000 exposed support near $3,950, with forecasts warning that a move through that level could lead to a deeper correction toward roughly $3,886–$3,708. Gold Price Forecast: Mass Liquidation Puts $3,886–$3,708 in Play
• Negative Sentiment: Hot inflation data and stronger GDP increased expectations for additional Fed tightening. Higher Treasury yields and real yields raise the opportunity cost of holding non-yielding gold, weighing directly on GLD. Hot PCE Lifts Hike Odds
• Negative Sentiment: Technical analysts describe a bearish reversal, weakening monthly moving-average signals and persistent selling pressure. A break below the $3,900–$4,000 support region could accelerate liquidation and further pressure GLD. Bearish Reversal Threatens Key Support

SPDR Gold Shares Stock Performance

GLD opened at $355.78 on Friday. The stock has a market capitalization of $129.86 billion, a PE ratio of -32.43 and a beta of 0.18. The stock’s 50 day moving average price is $390.57 and its 200-day moving average price is $412.97. SPDR Gold Shares has a 52-week low of $354.67 and a 52-week high of $509.70.

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.