Integrity Alliance LLC. Purchases 9,253 Shares of SPDR Gold Shares $GLD

Integrity Alliance LLC. increased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 50.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 27,646 shares of the exchange traded fund’s stock after buying an additional 9,253 shares during the period. Integrity Alliance LLC.’s holdings in SPDR Gold Shares were worth $10,529,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of GLD. Parvin Asset Management LLC acquired a new stake in SPDR Gold Shares during the 1st quarter valued at approximately $31,000. Livelsberger Financial Advisory acquired a new stake in shares of SPDR Gold Shares in the third quarter worth $30,000. NBH Bank acquired a new stake in shares of SPDR Gold Shares in the second quarter worth $41,000. IMG Wealth Management Inc. increased 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 worth $45,000 after acquiring an additional 97 shares during the period. Finally, RHL Group LLC raised its holdings in shares of SPDR Gold Shares by 48.9% during the second quarter. RHL Group LLC now owns 131 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 43 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Central-bank buying and investment demand offer fundamental support: the World Gold Council reported that central-bank purchases accelerated in the third quarter, reaching their fastest pace since late 2024, and said demand remains near record levels. Gold demand remains near record highs as central bank buying surges Central Banks Accelerated Gold Buying in Third Quarter
• Positive Sentiment: Commerzbank considers October’s sharp correction overdone, arguing that gold’s fundamental supports remain intact and the sell-off could present a buying opportunity. Gold’s October correction was overdone
• Negative Sentiment: Near-term trading signals remain weak. Gold has pulled back as Treasury yields rise and expectations of higher interest rates weigh on non-yielding bullion; analysts also cite resistance below $4,000 and the possibility of further downside. Continued weakness in gold could pressure GLD. Gold pulls back as selling resumes Critical support holds amid growing downside risk

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $359.26 on Wednesday. The stock has a market cap of $131.17 billion, a PE ratio of -32.43 and a beta of 0.20. The firm has a fifty day moving average price of $387.99 and a 200 day moving average price of $412.34. SPDR Gold Shares has a 1 year low of $354.67 and a 1 year high of $509.70.

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.