SPDR Gold Shares $GLD is Violich Capital Management Inc.’s 10th Largest Position

Violich Capital Management Inc. increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 51,886 shares of the exchange traded fund’s stock after acquiring an additional 3,988 shares during the quarter. SPDR Gold Shares comprises approximately 2.3% of Violich Capital Management Inc.’s investment portfolio, making the stock its 10th largest holding. Violich Capital Management Inc.’s holdings in SPDR Gold Shares were worth $20,563,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GLD. WPG Advisers LLC purchased a new stake in SPDR Gold Shares during the fourth quarter worth approximately $25,000. Chapman Financial Group LLC purchased a new stake in SPDR Gold Shares during the second quarter worth approximately $26,000. Hopwood Financial Services Inc. purchased a new stake in SPDR Gold Shares during the third quarter worth approximately $27,000. Vestwell Advisors LLC purchased a new stake in SPDR Gold Shares during the third quarter worth approximately $27,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in SPDR Gold Shares during the third quarter worth approximately $31,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.2%

GLD stock opened at $431.68 on Friday. The business has a 50 day moving average price of $441.30 and a 200 day moving average price of $421.23. The stock has a market cap of $157.00 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a fifty-two week low of $291.78 and a fifty-two week high of $509.70.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: Geopolitical risk and safe‑haven flows pushed spot gold and related ETFs higher as U.S.–Iran tensions and ceasefire/peace‑talk headlines boosted demand for bullion. Gold Rises on Signs of Ongoing U.S.-Iran Tensions (WSJ)
• Positive Sentiment: Reports of gold surging above key price levels (spot and futures) on a weaker dollar and falling Treasury yields drove broader buying in bullion and related ETFs. Gold Surges Past $4,770 as Geopolitical Optimism Cools Inflation Fears (247WallSt)
• Positive Sentiment: Technical and market‑commentary note renewed buying ahead of macro prints; easing inflation fears and hopes for reduced conflict helped metals recover, supporting ETF flows into GLD. Gold and Silver Technical Analysis: Peace Hopes Lift Metals (FXEmpire)
• Positive Sentiment: Major bank outlooks remain bullish on gold’s medium‑term upside (Morgan Stanley sees further gains), which can attract longer‑term inflows into GLD. Morgan Stanley Sees Gold Prices Climbing to $5,200 (Kitco)
• Neutral Sentiment: ETF flow/context piece: State Street notes many investors remain underweight gold despite the big multi‑year rally, suggesting room for further allocation but not an immediate catalyst. State Street’s 2026 Outlook on Gold ETF Allocation (247WallSt)
• Neutral Sentiment: Industry/strategy pieces (e.g., Gundlach’s “storm” trades) discuss bonds and defensive allocations that may include metals or related ETFs—these can redirect flows but aren’t GLD‑specific. Jeffrey Gundlach’s Debt Restructure Trade (247WallSt)
• Negative Sentiment: Active debate over ETF fees: comparison pieces highlight a ~0.15% fee gap between iShares and SPDR products, which could pressure GLD’s market share or prompt cost‑sensitive outflows over time. iShares vs SPDR Fee Gap (247WallSt)
• Negative Sentiment: Some market commentary warns the gold trade became crowded after the rally; cautionary pieces suggest profit‑taking or reduced speculative interest could weigh on GLD if momentum stalls. Is GLD a Crowded Trade? (The Motley Fool)

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.