SPDR Gold Shares $GLD Shares Newly Bought by NBT Bank N.A.

NBT Bank N.A. purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,702 shares of the exchange traded fund’s stock, valued at approximately $1,791,000.

Other hedge funds have also added to or reduced their stakes in the company. Diamant Asset Management Inc. lifted its holdings in shares of SPDR Gold Shares by 42,929.0% in the first quarter. Diamant Asset Management Inc. now owns 697,070 shares of the exchange traded fund’s stock valued at $299,942,000 after purchasing an additional 695,450 shares in the last quarter. Bank of Korea purchased a new position in shares of SPDR Gold Shares during the second quarter valued at approximately $250,411,831. CI Investments Inc. boosted its position in shares of SPDR Gold Shares by 96.7% during the first quarter. CI Investments Inc. now owns 282,364 shares of the exchange traded fund’s stock valued at $121,498,000 after buying an additional 138,846 shares during the last quarter. Fifth Third Bancorp grew its holdings in SPDR Gold Shares by 83.0% during the first quarter. Fifth Third Bancorp now owns 298,497 shares of the exchange traded fund’s stock worth $128,440,000 after buying an additional 135,373 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in SPDR Gold Shares during the first quarter worth $46,816,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $366.61 on Friday. The company has a market capitalization of $136.31 billion, a price-to-earnings ratio of -32.43 and a beta of 0.18. The firm’s fifty day moving average price is $394.61 and its two-hundred day moving average price is $398.84. SPDR Gold Shares has a 1 year low of $360.12 and a 1 year high of $509.70.

SPDR Gold Shares News Summary

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

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.