Peregrine Asset Advisers Inc. raised its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 1,371.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,168 shares of the exchange traded fund’s stock after buying an additional 15,069 shares during the quarter. SPDR Gold Shares accounts for about 1.8% of Peregrine Asset Advisers Inc.’s investment portfolio, making the stock its 18th largest position. Peregrine Asset Advisers Inc.’s holdings in SPDR Gold Shares were worth $6,408,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLD. Calder Financial LLC acquired a new stake in shares of SPDR Gold Shares during the 4th quarter worth approximately $807,000. Empirical Asset Management LLC grew its holdings in shares of SPDR Gold Shares by 256.7% during the 3rd quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock worth $12,941,000 after purchasing an additional 26,197 shares in the last quarter. Colonial Trust Advisors grew its holdings in shares of SPDR Gold Shares by 7.6% during the 3rd quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock worth $7,010,000 after purchasing an additional 1,385 shares in the last quarter. Spirepoint Private Client LLC acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter worth approximately $742,000. Finally, FAS Wealth Partners Inc. lifted its position in shares of SPDR Gold Shares by 71.1% during the 3rd quarter. FAS Wealth Partners Inc. now owns 20,916 shares of the exchange traded fund’s stock worth $7,435,000 after buying an additional 8,691 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Price Performance
SPDR Gold Shares stock opened at $423.18 on Monday. The company has a market capitalization of $153.91 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a one year low of $291.78 and a one year high of $509.70. The business has a 50 day simple moving average of $444.17 and a 200 day simple moving average of $420.47.
SPDR Gold Shares News Roundup
- Positive Sentiment: Weak ISM data lifted gold toward session highs, a sign that slowing U.S. activity can boost safe‑haven demand for GLD. Gold prices trading near session highs following disappointing ISM data
- Positive Sentiment: Bank of America reiterated a very bullish 12‑month $6,000/oz gold target, which can underpin long‑term investor appetite for GLD despite short‑term volatility. Bank of America stands firm on 12-month $6,000 gold target, sees silver averaging $86
- Positive Sentiment: Central bank buying and structural stories for precious metals remain intact (large official purchases cited), which supports medium/long‑term flows into GLD. Gold (XAUUSD) & Silver Price Forecast: Silver’s 762M Oz Drain – Structural Bull Case Intact?
- Neutral Sentiment: Gold/GLD remain rangebound and consolidating intraday as yields and Fed policy expectations cap rallies; this suggests limited immediate directional conviction. Update: Gold Edges Higher, Remaining Rangebound, As Treasury Yields Rise
- Neutral Sentiment: Technical analysis shows short‑term support holding in places, with bounces likely to be capped by moving averages — useful for traders but not decisive for a trend change. Gold (XAUUSD) & Silver Price Forecast: $4,532 Holds – Is Gold’s Road to $4,800 Now Open?
- Negative Sentiment: Rising U.S. Treasury yields and a still‑hawkish Fed narrative are the main headwinds keeping GLD under pressure and limiting upside. Several market reports link higher yields to recent pullbacks. Gold (XAUUSD) Price Forecast: Gold Price Consolidating as Yields Cap Rally
- Negative Sentiment: Technical studies and short‑term bearish setups persist in some analyses, warning of deeper downside if key support breaks. Traders should watch those levels for potential pressure on GLD. Gold (XAU/USD) Price Forecast: Bearish Structure Persists Amid Key Resistance Zones
- Negative Sentiment: Higher oil and energy‑driven inflation fears can keep rate‑cut expectations delayed, which is a negative backdrop for gold until the inflation/yield picture eases. Gold and Silver Technical Analysis: Oil Shock Keeps Metals Under Pressure
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.
Further Reading
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