Summa Corp. Invests $1.71 Million in SPDR Gold Shares $GLD

Summa Corp. acquired a new position in SPDR Gold Shares (NYSEARCA:GLD) during the 3rd quarter, HoldingsChannel reports. The fund acquired 4,809 shares of the exchange traded fund’s stock, valued at approximately $1,709,000. SPDR Gold Shares accounts for about 0.8% of Summa Corp.’s investment portfolio, making the stock its 16th largest holding.

Other large investors have also bought and sold shares of the company. Laurel Wealth Advisors LLC grew its position in shares of SPDR Gold Shares by 31,232.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock valued at $890,837,000 after buying an additional 2,913,079 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in SPDR Gold Shares by 108.1% in the second quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock valued at $327,500,000 after acquiring an additional 559,507 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in SPDR Gold Shares by 15.4% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 854,436 shares of the exchange traded fund’s stock valued at $260,458,000 after purchasing an additional 114,028 shares during the period. State Street Corp increased its position in SPDR Gold Shares by 5.9% during the 2nd quarter. State Street Corp now owns 854,101 shares of the exchange traded fund’s stock valued at $260,356,000 after purchasing an additional 47,264 shares during the period. Finally, US Bancorp DE raised its holdings in SPDR Gold Shares by 0.3% during the 2nd quarter. US Bancorp DE now owns 767,160 shares of the exchange traded fund’s stock worth $233,853,000 after purchasing an additional 2,103 shares during the last quarter. 42.19% of the stock is owned by institutional investors.

More SPDR Gold Shares News

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

• Positive Sentiment: Geopolitical risk and concerns around U.S. Fed independence have driven safe-haven demand and helped push gold to record levels, supporting GLD flows and valuations. ‘Sell America’ trade: Dollar drops, gold surges as Trump’s Fed pressure campaign raises fears about U.S. system
• Positive Sentiment: U.S. inflation cooling and rising rate‑cut hopes are keeping bulls optimistic, underpinning gold’s rally and supporting demand for bullion ETFs like GLD. Gold (XAUUSD) & Silver Price Forecast: CPI Cools, Bulls Hold Key Resistance Zones
• Positive Sentiment: Technicals show recent breakouts and momentum, with several market commentators forecasting further upside — a bullish backdrop for GLD if flows follow price momentum. Gold (XAU/USD) Price Forecast: Record High Breakout Signals Continued Strength
• Neutral Sentiment: Macro forecasts from major banks project very high nominal targets for gold (e.g., Citi’s $5,000/oz call), which is market-moving commentary but long‑dated and speculative for ETF flows. Gold will hit $5,000/oz, silver $100/oz by March, but gold will be vulnerable to correction afterward – Citigroup
• Neutral Sentiment: Steady production reports from miners (e.g., Blanket mine meeting guidance) are supportive of the physical supply backdrop but have an indirect impact on GLD compared with macro drivers. Caledonia says Blanket gold mine has again delivered production in line with guidance
• Negative Sentiment: Short-term technical corrections and profit-taking have produced intraday pullbacks after record highs, weighing on GLD in the very near term. Gold Edges Lower on Likely Technical Correction
• Negative Sentiment: Episodes of a firmer U.S. dollar or unexpectedly strong macro prints can cause short-lived gold slips; some analysts flagged pullbacks ahead of key CPI releases. Gold (XAUUSD) & Silver Price Forecast: Gold Slips Ahead of CPI, Silver Stays Bullish

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $421.63 on Wednesday. The firm’s fifty day moving average is $392.34 and its 200-day moving average is $353.92. SPDR Gold Shares has a 52 week low of $245.52 and a 52 week high of $426.12. The firm has a market cap of $156.89 billion, a P/E ratio of -32.43 and a beta of 0.09.

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.