United Bank Raises Stock Position in SPDR Gold Shares $GLD

United Bank lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 50.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,280 shares of the exchange traded fund’s stock after purchasing an additional 1,439 shares during the quarter. United Bank’s holdings in SPDR Gold Shares were worth $1,842,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in GLD. Calder Financial LLC acquired a new position in shares of SPDR Gold Shares during the fourth quarter worth about $807,000. Crescent Grove Advisors LLC lifted its stake in SPDR Gold Shares by 25.3% in the fourth quarter. Crescent Grove Advisors LLC now owns 15,719 shares of the exchange traded fund’s stock worth $6,230,000 after acquiring an additional 3,175 shares during the last quarter. Ervin Investment Management LLC acquired a new position in SPDR Gold Shares during the 4th quarter worth approximately $7,178,000. Cidel Asset Management Inc. grew its holdings in SPDR Gold Shares by 69.8% during the 1st quarter. Cidel Asset Management Inc. now owns 3,368 shares of the exchange traded fund’s stock worth $1,449,000 after acquiring an additional 1,384 shares in the last quarter. Finally, Cinctive Capital Management LP increased its position in shares of SPDR Gold Shares by 157.9% in the 3rd quarter. Cinctive Capital Management LP now owns 9,795 shares of the exchange traded fund’s stock valued at $3,482,000 after purchasing an additional 5,997 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD traded down $1.17 during midday trading on Friday, reaching $377.01. The stock had a trading volume of 5,452,429 shares, compared to its average volume of 12,859,920. SPDR Gold Shares has a 1-year low of $300.95 and a 1-year high of $509.70. The company’s fifty day simple moving average is $399.61 and its two-hundred day simple moving average is $426.21. The company has a market cap of $132.37 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Central-bank buying continues to provide a floor for gold, with Poland adding 82 tons and other major buyers said to be “buying the dip,” reinforcing long-term demand for the metal. Poland Buys 82 Tons of Gold as Prices Fall Over 10%
• Positive Sentiment: Some traders see gold carving out a bottom after last month’s selloff, and several forecasts say renewed support above the $4,000–$4,100 area could help bulls regain momentum if inflation data or broader risk sentiment turns favorable. Gold struggles around $4,100 as markets await CPI and Warsh’s Capitol Hill debut
• Neutral Sentiment: Technical analysts say GLD is at a key inflection point, with gold testing trend resistance after a sharp correction; the next move depends on whether buyers can reclaim critical chart levels. Gold (XAU/USD) Price Forecast: Can Bulls Reclaim Critical Trend Resistance?
• Neutral Sentiment: Gold is also being capped by rising yields and dollar strength, which have weighed on the metal through much of the week and kept ETF sentiment cautious. Gold Defends $4,000 Level as Strong Dollar Caps Gains
• Negative Sentiment: Recent reports highlight that gold moved lower as Treasury yields rose, signaling continued headwinds for GLD if real rates stay elevated and investors keep rotating out of defensive assets. Update: Gold Moves Lower as Treasury Yields Rise

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.