Royal Fund Management LLC Trims Stake in SPDR Gold Shares $GLD

Royal Fund Management LLC cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 8.0% in the fourth quarter, HoldingsChannel reports. The fund owned 40,631 shares of the exchange traded fund’s stock after selling 3,544 shares during the period. SPDR Gold Shares accounts for approximately 1.5% of Royal Fund Management LLC’s investment portfolio, making the stock its 13th largest holding. Royal Fund Management LLC’s holdings in SPDR Gold Shares were worth $16,102,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. First Eagle Investment Management LLC increased its holdings in shares of SPDR Gold Shares by 2.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 2,531,196 shares of the exchange traded fund’s stock valued at $899,764,000 after purchasing an additional 66,416 shares in the last quarter. Bank of Montreal Can purchased a new stake in SPDR Gold Shares during the third quarter worth $556,282,000. Ameriprise Financial Inc. boosted its holdings in SPDR Gold Shares by 3.4% during the third quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock worth $554,139,000 after buying an additional 50,756 shares in the last quarter. Envestnet Asset Management Inc. grew its position in SPDR Gold Shares by 3.0% during the third quarter. Envestnet Asset Management Inc. now owns 1,222,891 shares of the exchange traded fund’s stock valued at $434,701,000 after buying an additional 35,619 shares during the period. Finally, Barclays PLC grew its position in SPDR Gold Shares by 1.4% during the third quarter. Barclays PLC now owns 1,125,376 shares of the exchange traded fund’s stock valued at $400,037,000 after buying an additional 15,932 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD opened at $414.58 on Tuesday. The company has a fifty day moving average of $455.62 and a two-hundred day moving average of $407.50. The stock has a market capitalization of $157.58 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a fifty-two week low of $272.58 and a fifty-two week high of $509.70.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Safe‑haven buying after the Iran war lifted bullion and supported demand for gold ETFs, providing upside pressure for GLD. Gold Trading Higher as Traders Focus on Economic Fallout of the Iran War
• Positive Sentiment: Reports of renewed dip‑buying pushed gold back above key levels, helping stabilize GLD after recent losses. Gold rebounds above $4,500 as dip-buyers step in amid war-driven volatility
• Positive Sentiment: Macro research and bank forecasts (Commerzbank, HSBC) cite de‑dollarization and eventual rate cuts as catalysts for higher structural gold prices, which could support GLD over months. ‘Gold is behaving like a risk asset in 2026′ but de-dollarization trend will drive further gains – HSBC
• Neutral Sentiment: Modest safe‑haven bids have produced intraday gains but remain fragile as markets weigh conflicting drivers; this yields choppy GLD returns rather than a clear trend. Gold, silver see gains on modest safe-haven bidding
• Neutral Sentiment: Technical commentary offers near‑term entry/exit levels for traders, indicating active short‑term trading interest in GLD but no decisive breakout yet. Gold market analysis for March 30 – key intra-day price entry levels for active traders
• Negative Sentiment: Heavy ETF outflows and broad selling pushed bullion sharply lower in recent sessions, a direct headwind for GLD inflows and its NAV. Gold Drops 15% as ETF Outflows Surge, Buyers Begin Stepping In
• Negative Sentiment: Rising Treasury yields and inflation concerns (driven by higher oil from the Middle East conflict) reduce gold’s appeal as a zero‑yield asset, pressuring GLD. Gold Falls Amid Rising Inflation Fears
• Negative Sentiment: Volatility and the prospect of retail investors staying sidelined increase the risk of further downside for GLD until clearer direction on yields and central‑bank actions emerges. Gold’s volatility could keep retail investors on the sidelines, raising the risk of further downside – DeCarley’s Garner

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.