SPDR Gold Shares $GLD Shares Acquired by Phoenix Financial Ltd.

Phoenix Financial Ltd. increased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 9.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 30,280 shares of the exchange traded fund’s stock after purchasing an additional 2,684 shares during the period. Phoenix Financial Ltd.’s holdings in SPDR Gold Shares were worth $12,000,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GLD. 1ST Source Bank increased its stake in shares of SPDR Gold Shares by 7.3% during the 4th quarter. 1ST Source Bank now owns 15,251 shares of the exchange traded fund’s stock valued at $6,044,000 after acquiring an additional 1,039 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of SPDR Gold Shares by 25.7% in the fourth quarter. Bessemer Group Inc. now owns 38,391 shares of the exchange traded fund’s stock worth $15,214,000 after acquiring an additional 7,853 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of SPDR Gold Shares by 230.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 121,995 shares of the exchange traded fund’s stock worth $48,388,000 after acquiring an additional 85,117 shares during the last quarter. Wealth Advisors of Iowa LLC grew its holdings in SPDR Gold Shares by 24.9% in the fourth quarter. Wealth Advisors of Iowa LLC now owns 3,128 shares of the exchange traded fund’s stock valued at $1,240,000 after purchasing an additional 624 shares during the period. Finally, AM Investment Strategies LLC purchased a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $202,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $427.21 on Friday. The firm has a market capitalization of $155.38 billion, a price-to-earnings 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 company has a 50 day moving average price of $436.63 and a 200 day moving average price of $422.96.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Gold has held up around record-high territory and remained above key support levels, suggesting underlying demand is still strong even after intraday swings. Silver drops 4.6% as yields rise, gold holds above $4,650 – Kitco PM Report
• Positive Sentiment: Weakness in weekly jobless claims and easing Treasury yields helped gold rebound earlier in the session, supporting gold-backed ETFs like GLD. Spot gold approaching session high after U.S. weekly jobless claims rise to 211k
• Neutral Sentiment: Gold is consolidating in a tight range near a potential breakout zone, so traders are waiting for a fresh catalyst before making a bigger move. Gold (XAU/USD) Price Forecast: Range Compression Near Key Breakout Zone
• Neutral Sentiment: Mixed inflation and labor data are keeping gold directionless for now, with investors watching whether supportive safe-haven demand outweighs higher-rate headwinds. Gold and silver await fresh catalyst despite supportive fundamentals – Sucden Financials
• Negative Sentiment: A stronger U.S. dollar and hot inflation data are pressuring gold prices by weighing on expectations for near-term rate cuts. Gold News: Gold Price Struggles as Dollar Rally Extends to Four Days
• Negative Sentiment: Rising Treasury yields and the dollar’s strength have also contributed to midweek weakness in gold, which can translate into softer GLD trading. Gold News: Gold Price Future Weakens After PPI Shock and Rising Treasury Yields

SPDR Gold Shares Company 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.