Revisor Wealth Management LLC Acquires 1,337 Shares of SPDR Gold Shares $GLD

Revisor Wealth Management LLC lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 89.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,834 shares of the exchange traded fund’s stock after acquiring an additional 1,337 shares during the period. Revisor Wealth Management LLC’s holdings in SPDR Gold Shares were worth $1,082,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of GLD. First Eagle Investment Management LLC boosted its stake in SPDR Gold Shares by 1.5% in the second 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 buying an additional 35,882 shares in the last quarter. Envestnet Asset Management Inc. grew its position in SPDR Gold Shares by 0.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,169,683 shares of the exchange traded fund’s stock valued at $430,888,000 after acquiring an additional 5,793 shares during the last quarter. PPSC Investment Service Corp raised its stake in SPDR Gold Shares by 10.0% during the first quarter. PPSC Investment Service Corp now owns 781,981 shares of the exchange traded fund’s stock worth $336,479,000 after acquiring an additional 70,775 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in SPDR Gold Shares by 1.8% during the first quarter. PNC Financial Services Group Inc. now owns 707,998 shares of the exchange traded fund’s stock worth $304,644,000 after acquiring an additional 12,415 shares in the last quarter. Finally, Diamant Asset Management Inc. raised its stake in SPDR Gold Shares by 42,929.0% during the first quarter. Diamant Asset Management Inc. now owns 697,070 shares of the exchange traded fund’s stock worth $299,942,000 after acquiring an additional 695,450 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

Key SPDR Gold Shares News

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

• Positive Sentiment: The World Gold Council said tokenized gold could eventually unlock as much as $700 billion in new investment demand by making bullion easier to own, trade and use as collateral. This represents a potentially significant long-term demand catalyst for gold and GLD. Tokenized gold could unlock $700 billion new demand
• Positive Sentiment: CIBC reduced its near-term gold forecasts because of Federal Reserve headwinds but still expects prices to recover toward $5,200 in 2027, citing sustained central-bank demand. Longer-term support could benefit GLD if official-sector buying continues. CIBC gold forecast
• Positive Sentiment: Technical analysts identified bullish potential if gold can reclaim resistance around $4,217-$4,260, with a breakout potentially opening a path toward higher targets. Gold breakout forecast
• Neutral Sentiment: Gold is trading in a broad range, with support near $4,000-$4,100 and resistance around $4,260. A sustained move outside that range could determine GLD’s next major direction. Gold demand zone analysis
• Negative Sentiment: Gold failed to attract strong safe-haven demand despite weak U.S. housing data. Higher yields, inflation concerns and the possibility of additional Fed tightening are increasing the opportunity cost of holding non-yielding bullion. Gold struggles despite weak housing data
• Negative Sentiment: Gold also faced pressure from firmer oil prices, resilient Treasury yields and elevated market expectations for a December rate increase. These conditions are weighing on bullion and, by extension, GLD. Gold oil and rate forecast
• Negative Sentiment: Investors directed roughly $500 million toward a cheaper alternative SPDR gold fund instead of GLD, highlighting fee competition and a possible headwind for GLD-specific flows even if overall gold demand remains healthy. Investors choose cheaper SPDR gold fund

SPDR Gold Shares Trading Down 0.5%

GLD stock opened at $377.65 on Wednesday. The stock has a market capitalization of $139.58 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. The firm has a 50-day moving average price of $396.43 and a 200-day moving average price of $399.84.

SPDR Gold Shares 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.