SPDR Gold Shares $GLD Stock Sold by Phoenix Financial Ltd.

Phoenix Financial Ltd. decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,676 shares of the exchange traded fund’s stock after selling 1,555 shares during the quarter. Phoenix Financial Ltd.’s holdings in SPDR Gold Shares were worth $6,727,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Livelsberger Financial Advisory acquired a new stake in SPDR Gold Shares in the 3rd quarter valued at $30,000. Parvin Asset Management LLC bought a new stake in SPDR Gold Shares during the 1st quarter valued at $31,000. NBH Bank acquired a new position in SPDR Gold Shares during the second quarter worth $41,000. Trust Co. of Vermont bought a new position in shares of SPDR Gold Shares in the second quarter valued at $43,000. Finally, IMG Wealth Management Inc. lifted its stake in shares of SPDR Gold Shares by 440.9% in the third quarter. IMG Wealth Management Inc. now owns 119 shares of the exchange traded fund’s stock valued at $45,000 after buying an additional 97 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD traded up $0.56 during mid-day trading on Friday, reaching $355.45. 11,724,977 shares of the company’s stock traded hands, compared to its average volume of 11,375,320. The business has a 50-day simple moving average of $380.91 and a 200 day simple moving average of $409.18. The stock has a market cap of $129.92 billion, a P/E ratio of -32.43 and a beta of 0.20. SPDR Gold Shares has a 1-year low of $352.91 and a 1-year high of $509.70.

More SPDR Gold Shares News

Here’s some of the latest news about GLD:

• Positive Sentiment: Bargain buying helped gold rebound from a more-than-one-year low, offering some near-term support for GLD. Gold rebounds from 13-month low as PPI complicates Fed outlook
• Neutral Sentiment: Longer-term outlooks remain more constructive, with WisdomTree and Goldman Sachs citing potential for gold to reach $4,800 in 2027. However, Goldman also cut its nearer-term forecasts, reflecting a tougher outlook for gold in the short run. Goldman Sachs cuts gold price targets
• Negative Sentiment: Gold’s failure to hold above $4,000 has intensified technical concerns. Analysts warn that further declines could expose support near $3,800 or even $3,500, with one forecast calling for $3,200 if rate hikes are aggressive—risks that could weigh on GLD. Gold’s $4,000 support breaks as Fed fears grow

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.