SPDR Gold Shares $GLD Shares Bought by Truist Financial Corp

Truist Financial Corp raised its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 2.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 583,915 shares of the exchange traded fund’s stock after buying an additional 12,070 shares during the quarter. Truist Financial Corp owned about 0.16% of SPDR Gold Shares worth $207,564,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GLD. Brighton Jones LLC increased its stake in SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after purchasing an additional 1,903 shares in the last quarter. Bison Wealth LLC grew its holdings in shares of SPDR Gold Shares by 77.8% during the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after buying an additional 2,600 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of SPDR Gold Shares during the first quarter valued at $16,014,000. First County Bank CT increased its position in shares of SPDR Gold Shares by 5.7% in the 2nd quarter. First County Bank CT now owns 740 shares of the exchange traded fund’s stock valued at $226,000 after acquiring an additional 40 shares during the period. Finally, Raleigh Capital Management Inc. raised its stake in SPDR Gold Shares by 26.1% in the 2nd quarter. Raleigh Capital Management Inc. now owns 10,337 shares of the exchange traded fund’s stock worth $3,151,000 after acquiring an additional 2,140 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

More SPDR Gold Shares News

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

• Positive Sentiment: Record highs and bullish momentum: multiple reports show spot gold moving past $5,000–$5,280 on dollar weakness and risk flows, supporting stronger demand for GLD. Gold (XAUUSD) & Silver Price Forecast: $5,280 Record, $117 Silver – Can Fed Fuel the Next Leg?
• Positive Sentiment: Safe-haven flows ahead of Fed decision: coverage notes the U.S. dollar breaking down and investors buying bullion into Fed uncertainty, a direct tailwind for GLD inflows. Gold and Silver Surge Above $5,200 as U.S. Dollar Breaks Down and Fed Decision Looms
• Positive Sentiment: Institutional & market positioning: options flow and analyst upgrades suggest traders and some banks are pricing further upside (targets as high as $6,000+), which can sustain GLD buying interest. Options traders bet gold price to rally more after breaking $5,000
• Positive Sentiment: Fresh demand from non-traditional holders: Tether reported additional gold purchases (~27 tonnes), signaling incremental institutional/crypto-linked demand for physical gold that supports GLD’s underlying asset. Tether says it bought 27 tons of gold in fourth quarter
• Neutral Sentiment: Retail & jewelry demand angle: coverage that luxury brands (e.g., Tiffany shifting toward gold) points to steady consumer demand, but this is a longer-term, modest support for GLD relative to macro drivers. Tiffany & Co. is setting its sights on the gold girlies
• Negative Sentiment: Technical correction risk: some outlets and analysts warn of short‑term pullbacks and profit‑taking after parabolic gains; these signals increase volatility for GLD and could prompt short-term outflows. Gold Falls on Likely Technical Correction, Possible Profit-Taking
• Negative Sentiment: Momentum fatigue warnings: some technical analysts flag a stall after the multi-session rally, meaning GLD could see choppy trading or short-term consolidation. Gold (XAUUSD) Price Forecast: Rally at Turning Point After Momentum Shows First Signs of Fatigue

SPDR Gold Shares Stock Performance

Shares of GLD opened at $476.10 on Wednesday. The stock has a 50-day moving average of $405.80 and a two-hundred day moving average of $363.47. The stock has a market cap of $179.73 billion, a P/E ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a one year low of $253.30 and a one year high of $476.49.

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.