SPDR Gold Shares $GLD Stock Sold by Tactive Advisors LLC

Tactive Advisors LLC decreased its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 47.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,045 shares of the exchange traded fund’s stock after selling 1,865 shares during the quarter. Tactive Advisors LLC’s holdings in SPDR Gold Shares were worth $779,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Quintet Private Bank Europe S.A. boosted its holdings in SPDR Gold Shares by 15.8% in the third quarter. Quintet Private Bank Europe S.A. now owns 3,673 shares of the exchange traded fund’s stock worth $1,399,000 after purchasing an additional 501 shares during the last quarter. Kaydan Wealth Management Inc. purchased a new stake in SPDR Gold Shares during the third quarter valued at $6,762,000. Toth Financial Advisory Corp increased its position in SPDR Gold Shares by 182.8% during the third quarter. Toth Financial Advisory Corp now owns 1,021 shares of the exchange traded fund’s stock valued at $389,000 after acquiring an additional 660 shares during the last quarter. Whalen Wealth Management Inc. boosted its position in SPDR Gold Shares by 46.9% in the third quarter. Whalen Wealth Management Inc. now owns 2,797 shares of the exchange traded fund’s stock worth $1,065,000 after purchasing an additional 893 shares during the last quarter. Finally, FSA Investment Group LLC bought a new stake in shares of SPDR Gold Shares during the 3rd quarter valued at about $4,351,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

Key SPDR Gold Shares News

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

• Positive Sentiment: China’s central bank added 21 tonnes of gold in September, extending its buying streak to 23 consecutive months and marking its largest monthly increase in three years. Persistent official-sector demand is a long-term support for gold prices and GLD. China’s central bank buys 21 tonnes of gold in September
• Positive Sentiment: Analysts continue to identify longer-term bullish factors, including central-bank reserve diversification, geopolitical uncertainty and gold’s role as a portfolio hedge. The recent decline could attract value-oriented investors, although these benefits may take time to offset rate pressure. Gold ETF Down 13% in Six Months: 4 Bullish Reasons for Long Term
• Neutral Sentiment: Gold is testing major technical support near $4,100 per ounce. A successful defense could trigger a short-term rebound, while a decisive break could intensify selling and weigh on GLD. Gold and Silver Price Forecast: Fed Minutes Weigh
• Negative Sentiment: The Federal Reserve signaled that additional rate increases may still be necessary. Higher yields raise the opportunity cost of holding non-yielding gold, while a stronger dollar makes bullion more expensive for overseas buyers. Gold Just Fell to a Two-Month Low as the Fed Signals Another Hike
• Negative Sentiment: Better-than-expected U.S. jobless-claims data reinforced the view that the economy may withstand restrictive monetary policy, keeping rate-cut hopes subdued and adding pressure to gold. Gold price after U.S. weekly jobless claims fall

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD traded up $2.60 during trading on Thursday, hitting $378.48. The company’s stock had a trading volume of 6,706,775 shares, compared to its average volume of 11,685,909. The firm has a market cap of $140.19 billion, a price-to-earnings ratio of -32.43 and a beta of 0.18. The company has a 50-day moving average of $397.44 and a 200-day moving average of $402.03. SPDR Gold Shares has a 12 month low of $360.12 and a 12 month high of $509.70.

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.