Whittier Trust Co. Boosts Stake in SPDR Gold Shares $GLD

Whittier Trust Co. grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 20.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,758 shares of the exchange traded fund’s stock after acquiring an additional 4,001 shares during the period. Whittier Trust Co.’s holdings in SPDR Gold Shares were worth $8,497,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GLD. Chapman Financial Group LLC purchased a new position in shares of SPDR Gold Shares during the second quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of SPDR Gold Shares in the 3rd quarter valued at $31,000. Traub Capital Management LLC acquired a new stake in shares of SPDR Gold Shares during the 2nd quarter worth $34,000. Kilter Group LLC purchased a new position in shares of SPDR Gold Shares in the 2nd quarter worth $34,000. Finally, First Command Advisory Services Inc. purchased a new position in shares of SPDR Gold Shares in the 2nd quarter worth $43,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.4%

Shares of SPDR Gold Shares stock opened at $458.00 on Monday. The business’s fifty day moving average price is $401.91 and its 200 day moving average price is $361.17. SPDR Gold Shares has a twelve month low of $251.92 and a twelve month high of $458.75. The stock has a market capitalization of $172.57 billion, a P/E ratio of -32.43 and a beta of 0.09.

Trending Headlines about SPDR Gold Shares

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

• Positive Sentiment: Spot gold hit and extended record highs above $5,000–$5,100/oz, fueling demand for GLD as investors seek a hedge against market volatility. Gold races to $5,100 record peak on safe-haven demand
• Positive Sentiment: Heightened political and geopolitical shocks — and headlines citing a “crisis of confidence” in U.S. policy — are pushing investors and central banks into gold, supporting ETF inflows that benefit GLD. Gold Surges Past $5,000 To Historic High As ‘Crisis Of Confidence’ In Trump Administration Rattles Global Markets
• Neutral Sentiment: Macro drivers cited include U.S. dollar weakness and shifting Fed expectations; these can sustain gold but also introduce sensitivity to any rapid policy or currency reversals. Gold (XAUUSD) Breaks $5,000 as US Dollar Crashes – Silver Surges Above $100
• Neutral Sentiment: Rising gold is also lifting miners and related ETFs; GLD benefits from bullion flows but differs from miners (GDX) which carry equity and operational risk. The Gold Rush Continues: GDX’s Amplified Bet vs. GLD’s Steady Hold
• Negative Sentiment: The rapid, headline-driven rally raises the risk of short-term profit-taking and volatility; a USD rebound or hawkish Fed surprise could quickly reverse gains for GLD.

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.