Park National Corp OH raised its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 108.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,760 shares of the exchange traded fund’s stock after buying an additional 3,000 shares during the quarter. Park National Corp OH’s holdings in SPDR Gold Shares were worth $2,283,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of GLD. Noble Wealth Management PBC raised its stake in shares of SPDR Gold Shares by 2.1% in the 4th quarter. Noble Wealth Management PBC now owns 13,595 shares of the exchange traded fund’s stock valued at $5,388,000 after acquiring an additional 286 shares during the period. Coastline Trust Co lifted its stake in SPDR Gold Shares by 21.2% during the fourth quarter. Coastline Trust Co now owns 2,049 shares of the exchange traded fund’s stock worth $812,000 after purchasing an additional 358 shares in the last quarter. Holos Integrated Wealth LLC purchased a new position in shares of SPDR Gold Shares during the fourth quarter worth $124,000. Miller Global Investments LLC purchased a new position in shares of SPDR Gold Shares during the fourth quarter worth $263,000. Finally, Union Bancaire Privee UBP SA grew its stake in shares of SPDR Gold Shares by 436.0% in the fourth quarter. Union Bancaire Privee UBP SA now owns 151,990 shares of the exchange traded fund’s stock valued at $58,404,000 after buying an additional 123,636 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Trading Down 3.1%
GLD opened at $413.38 on Friday. The stock’s 50-day moving average price is $457.25 and its 200 day moving average price is $403.20. SPDR Gold Shares has a 12-month low of $272.58 and a 12-month high of $509.70. The firm has a market cap of $157.13 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.
SPDR Gold Shares News Roundup
- Positive Sentiment: Safe-haven support from geopolitical tensions has offered intermittent buying interest, helping limit today’s losses and producing short-lived rebounds. Gold (XAUUSD) & Silver Price Forecast
- Positive Sentiment: Technical bounce off a two‑month low produced intraday recoveries, suggesting some traders view the pullback as a buying opportunity. Gold Rises Off a Two-Month Low
- Positive Sentiment: Some analysts and commentators call the drop a buying opportunity amid longer‑term debt and geopolitical risks that structurally support gold’s safe-haven role. Gold’s pullback is a buying opportunity
- Neutral Sentiment: Industry infrastructure moves (World Gold Council tokenization plans and proposed U.S. legislation to diversify vaults) are longer‑term structural developments that may increase market access/liquidity but are unlikely to affect GLD’s price immediately. World Gold Council building shared infrastructure
- Neutral Sentiment: Regional demand notes (e.g., rising gold‑loan activity in India) underline steady underlying physical demand, but these trends are gradual and not offsetting macro-driven flows. Inside India newsletter: Gold loans
- Negative Sentiment: Macro forces—rising U.S. Treasury yields, a stronger dollar and diminished odds of Fed rate cuts—are the primary drivers of the selloff that’s hit gold hardest this week. Multiple outlets highlight inflation expectations and rate paths as the key headwind. Gold suffers worst week since 1983
- Negative Sentiment: Oil-driven spikes in yields and market volatility have amplified the move lower in gold and reduced the likelihood of quick rate cuts, pressuring GLD and related miners. Gold Drops to a Two-Month Low
- Negative Sentiment: Technical analysts warn a breakdown of key support levels could trigger deeper corrections; some market commentaries and GLD‑focused pieces expect additional ETF outflows and further weakness. Support Breakdown Risks Deeper Correction GLD: Expecting Additional Losses
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.
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