SPDR Gold Shares $GLD Shares Bought by Quattro Financial Advisors LLC

Quattro Financial Advisors LLC boosted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 23.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,943 shares of the exchange traded fund’s stock after purchasing an additional 3,839 shares during the period. SPDR Gold Shares comprises 1.6% of Quattro Financial Advisors LLC’s holdings, making the stock its 18th largest position. Quattro Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $7,595,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Corient Private Wealth LLC grew its position in SPDR Gold Shares by 571.3% during the fourth quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock valued at $1,565,118,000 after buying an additional 3,360,966 shares during the period. First Eagle Investment Management LLC increased its holdings 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 buying an additional 35,882 shares during the last quarter. Virtu Financial LLC purchased a new stake in SPDR Gold Shares during the fourth quarter worth about $474,952,000. Envestnet Asset Management Inc. increased its holdings in SPDR Gold Shares by 0.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,169,683 shares of the exchange traded fund’s stock worth $430,888,000 after buying an additional 5,793 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in SPDR Gold Shares by 13.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 938,260 shares of the exchange traded fund’s stock worth $371,842,000 after acquiring an additional 109,205 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.8%

SPDR Gold Shares stock opened at $382.71 on Friday. SPDR Gold Shares has a twelve month low of $360.12 and a twelve month high of $509.70. The firm has a 50 day moving average price of $397.68 and a 200-day moving average price of $400.85. The company has a market capitalization of $141.30 billion, a P/E ratio of -32.43 and a beta of 0.18.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: China’s central bank added 23 tonnes of gold to its reserves in September, while Chinese gold ETFs recorded strong inflows and holiday demand for jewelry, bars and coins improved. These trends support physical and investment demand for gold. China buys the gold dip as ETF holdings hit record and holiday demand lifts Q4 outlook
• Positive Sentiment: Earlier declines in the U.S. dollar and Treasury yields helped gold rebound, while weaker-than-expected Philadelphia Fed manufacturing data increased demand for defensive assets. Gold rebounds as dollar dives
• Positive Sentiment: Analysts continue to cite central-bank purchases, ETF inflows and potential debasement risks as reasons for a longer-term gold recovery; Jefferies reportedly sees potential for gold to reach $5,000 in 2027. Gold’s weakness is a buying opportunity

SPDR Gold Shares 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.