First Eagle Investment Management LLC lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,531,196 shares of the exchange traded fund’s stock after purchasing an additional 66,416 shares during the period. SPDR Gold Shares comprises 1.6% of First Eagle Investment Management LLC’s portfolio, making the stock its 22nd largest position. First Eagle Investment Management LLC owned 0.70% of SPDR Gold Shares worth $899,764,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at about $27,000. Chapman Financial Group LLC bought a new stake in SPDR Gold Shares during the 2nd quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of SPDR Gold Shares in the third quarter worth $31,000. Kilter Group LLC bought a new position in shares of SPDR Gold Shares during the 2nd quarter worth about $34,000. Finally, Traub Capital Management LLC acquired a new position in SPDR Gold Shares in the 2nd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Up 1.3%
SPDR Gold Shares stock opened at $490.00 on Tuesday. The stock has a market cap of $186.25 billion, a PE ratio of -32.43 and a beta of 0.09. The business’s 50-day moving average price is $442.48 and its two-hundred day moving average price is $389.82. SPDR Gold Shares has a 12-month low of $265.07 and a 12-month high of $509.70.
Trending Headlines about SPDR Gold Shares
- Positive Sentiment: Escalation in the Middle East (U.S.-Israel strikes on Iran and related developments) has sparked a large safe‑haven flow into gold, lifting GLD as investors seek capital preservation. Gold Climbs Above $5,400 on Haven Demand as Middle East Tensions Flare Up
- Positive Sentiment: Gold ETFs are seeing renewed demand as investors rotate out of risk assets; that ETF inflow dynamic directly supports GLD’s share price. Gold ETFs Shine as Middle East Tensions Stoke Safe-Haven Demand
- Positive Sentiment: Market commentary highlights a broad “flight to safety” that has materially boosted GLD’s assets and year‑to‑date performance, reinforcing ETF flows as a key catalyst. Markets Seek Shelter as Gold Shines Brightest (MarketBeat GLD page)
- Neutral Sentiment: Bullish price forecasts and scenario analysis (some calling for multi‑thousand dollar targets) underpin longer‑term interest in gold but are speculative and depend on further escalation. Gold Analysis: $6,000 in Sight, $8,250 as the Macro Crisis Target
- Neutral Sentiment: Upcoming macro data (U.S. jobs, PMI) could swing risk appetite; gold may remain sensitive to economic prints that affect Fed expectations. First Light News: Macro Week Ahead – US Jobs Data on Deck
- Negative Sentiment: After early record highs, gold and GLD pulled back during the session as traders booked profits and reassessed immediate risk — this intraday slip capped upside. Update: Gold Trading Higher as U.S.-Israel Attacks on Iran Disrupt Markets, But Fall Off Early Record Highs
- Negative Sentiment: A firmer U.S. dollar and a dip in ISM manufacturing PMI briefly reduced risk‑off intensity, pressuring gold intraday and limiting GLD’s advance. Gold loses altitude, silver down sharply as USDX rallies, risk aversion somewhat abates
- Negative Sentiment: Sharp weakness in silver (industrial demand concerns, rising energy prices) may temper some precious‑metals momentum, though gold’s safe‑haven bid is less exposed to industrial demand. Gold (XAUUSD), Silver, Platinum Forecasts – Silver Dives 7% As Traders Focus On Rising Energy Prices
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.
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