SPDR Gold Shares $GLD Position Increased by SKY Mountain Capital Management Inc.

SKY Mountain Capital Management Inc. lifted its position in SPDR Gold Shares (NYSEARCA:GLD) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,392 shares of the exchange traded fund’s stock after purchasing an additional 1,749 shares during the quarter. SPDR Gold Shares makes up 14.6% of SKY Mountain Capital Management Inc.’s investment portfolio, making the stock its 2nd biggest holding. SKY Mountain Capital Management Inc.’s holdings in SPDR Gold Shares were worth $20,898,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Chapman Financial Group LLC acquired a new position in shares of SPDR Gold Shares in the 2nd quarter valued at $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in SPDR Gold Shares in the third quarter valued at $31,000. Traub Capital Management LLC purchased a new stake in shares of SPDR Gold Shares in the second quarter valued at about $34,000. Kilter Group LLC acquired a new stake in shares of SPDR Gold Shares during the second quarter worth about $34,000. Finally, First Command Advisory Services Inc. acquired a new position in SPDR Gold Shares in the 2nd quarter valued at about $43,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 3.8%

SPDR Gold Shares stock opened at $437.23 on Wednesday. The stock has a 50 day moving average of $397.74 and a two-hundred day moving average of $358.10. SPDR Gold Shares has a twelve month low of $251.83 and a twelve month high of $438.14. The stock has a market capitalization of $165.97 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

SPDR Gold Shares News Summary

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

• Positive Sentiment: Record gold highs and safe‑haven buying are the primary drivers boosting GLD: multiple outlets report spot gold rising to new records above $4,700–$4,800/oz on renewed geopolitical tensions (Greenland/tariff threats) and flight‑to‑safety flows. Gold breaks new record on Greenland tariff threats
• Positive Sentiment: Momentum and technical breakout: analysts and forecasters note accelerating bullish momentum and new all‑time highs, supporting continued ETF inflows into GLD. Breakout to new high accelerates uptrend
• Positive Sentiment: Macro drivers reinforce demand: reports cite U.S.–Europe/Greenland tensions, a softer dollar and expectations around Fed data as fueling safe‑haven demand that benefits GLD. Stock Market Today: Gold Extends Gains
• Positive Sentiment: Elevated investor positioning in GLD: unusually large call‑option activity (about 957k calls) indicates speculative and hedging demand for GLD exposure, which can amplify upside in the ETF. GLD options activity
• Neutral Sentiment: Analyst price projections and debate: some commentators and banks are raising long‑run targets (talk of $5,000–$7,000/oz), which supports bullish sentiment but are forecasts rather than guaranteed drivers. Gold & Silver Price Forecast
• Neutral Sentiment: Industry developments and funding: a $150m US bond for Caledonia Mining (Zimbabwe project) and permit revocations for some Indonesian projects are sector‑specific items that could influence supply or miner equities over time but have limited direct impact on GLD today. Caledonia raises $150m Reuters: permits revoked in Indonesia
• Negative Sentiment: Technical/correction risk: several outlets warn of near‑term consolidation or a corrective pullback after the rapid run‑up — a risk that could produce short‑term volatility and outflows from GLD. Gold may face technical correction

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.