SPDR Gold Shares $GLD Shares Bought by Corecam Pte. Ltd.

Corecam Pte. Ltd. grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 9.9% during the third quarter, HoldingsChannel reports. The firm owned 108,455 shares of the exchange traded fund’s stock after purchasing an additional 9,765 shares during the quarter. SPDR Gold Shares accounts for approximately 17.0% of Corecam Pte. Ltd.’s investment portfolio, making the stock its largest holding. Corecam Pte. Ltd.’s holdings in SPDR Gold Shares were worth $41,304,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GLD. City Holding Co. grew its holdings in SPDR Gold Shares by 41.6% in the second quarter. City Holding Co. now owns 22,914 shares of the exchange traded fund’s stock valued at $8,441,000 after purchasing an additional 6,733 shares during the period. DDFG Inc increased its position in SPDR Gold Shares by 57.5% during the second quarter. DDFG Inc now owns 48,753 shares of the exchange traded fund’s stock worth $17,959,000 after purchasing an additional 17,793 shares during the last quarter. Arcus Capital Partners LLC increased its position in SPDR Gold Shares by 90.3% during the first quarter. Arcus Capital Partners LLC now owns 8,442 shares of the exchange traded fund’s stock worth $3,633,000 after purchasing an additional 4,005 shares during the last quarter. First Eagle Investment Management LLC raised its stake in SPDR Gold Shares by 1.5% during the second quarter. First Eagle Investment Management LLC now owns 2,491,623 shares of the exchange traded fund’s stock worth $917,864,000 after purchasing an additional 35,882 shares during the period. Finally, Wellington Management Group LLP raised its stake in SPDR Gold Shares by 20.8% during the second quarter. Wellington Management Group LLP now owns 80,567 shares of the exchange traded fund’s stock worth $29,679,000 after purchasing an additional 13,877 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 0.6%

NYSEARCA:GLD opened at $366.61 on Friday. The company has a market cap of $136.31 billion, a P/E ratio of -32.43 and a beta of 0.18. The firm’s 50 day moving average is $394.61 and its two-hundred day moving average is $398.84. SPDR Gold Shares has a fifty-two week low of $360.12 and a fifty-two week high of $509.70.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Falling U.S. Treasury yields and rising inflation expectations could eventually support gold by increasing demand for an inflation hedge and reducing the opportunity cost of holding a non-yielding asset. The October 28 Federal Reserve decision is the next major catalyst. Gold Defends $4,000 After Bounce as Fed Signals Take Center Stage
• Positive Sentiment: Some analysts view the current selloff as a temporary delay rather than the end of gold’s longer-term advance, citing geopolitical risks, elevated gold prices and strong mining-sector cash flows. War in Iran, higher energy prices are only delaying gold’s rally
• Neutral Sentiment: GLD remains a widely watched vehicle for gaining direct exposure to gold during market volatility. Its future direction will likely depend on whether easing-rate expectations and geopolitical demand outweigh inflation-driven pressure on bonds and interest rates. Gold ETFs to Watch Amid Fed Rate Hike & Oil Risks
• Negative Sentiment: Crude oil’s rise amid renewed Middle East and Hormuz tensions is increasing inflation concerns and reinforcing expectations for additional Fed tightening. That combination has pressured gold and other precious metals despite lower Treasury yields. Gold heads for steep weekly loss as Hormuz tensions lift crude
• Negative Sentiment: Gold has broken below the $4,000 support area, with technical analysts warning that further weakness could expose support near $3,942 and other lower Fibonacci levels. Strong U.S. activity data and better-than-expected consumer sentiment are also reducing immediate safe-haven demand. Gold Price Forecast: Bearish Momentum Puts Major Support at Risk

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.