NBT Bank N A NY Boosts Stake in SPDR Gold Shares $GLD

NBT Bank N A NY boosted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 50.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,472 shares of the exchange traded fund’s stock after acquiring an additional 3,189 shares during the quarter. NBT Bank N A NY’s holdings in SPDR Gold Shares were worth $4,076,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GLD. WPG Advisers LLC purchased a new position in shares of SPDR Gold Shares during the fourth quarter worth about $25,000. Timmons Wealth Management LLC purchased a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $26,000. Chapman Financial Group LLC purchased a new stake in SPDR Gold Shares in the second quarter valued at approximately $26,000. Vestwell Advisors LLC bought a new stake in SPDR Gold Shares during the third quarter valued at approximately $27,000. Finally, Eukles Asset Management bought a new stake in SPDR Gold Shares during the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors 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: Gold surged after the June employment report missed expectations, easing Fed rate-hike fears and boosting precious metals demand. Gold and silver rally as NFP miss dents Fed-hike bets – Kitco AM Report
• Positive Sentiment: Gold held and extended gains above key technical levels, with traders seeing recovery signals and short-covering into a thin holiday-session tape. Gold (XAU/USD) Price Forecast: Above Trendline Signals Recovery
• Positive Sentiment: Central bank buying remained a major support, with the World Gold Council reporting net purchases of 41 tonnes in May and multiple strategists citing diversification demand and ETF inflows as tailwinds. Central banks boost gold reserves with net 41 tonnes purchased in May – World Gold Council
• Positive Sentiment: Market commentary from HSBC and State Street pointed to further upside for gold into year-end, citing ongoing central-bank demand, ETF inflows, and diversification buying. ‘We anticipate further upside for gold by year-end’ – HSBC’s Sels and Ku
• Neutral Sentiment: Some analysts noted that high yields and a strong dollar still cap upside in the near term, even though the longer-term backdrop remains constructive. State Street’s baseline scenario sees gold price as high as $5,500/oz by Q1 2027
• Negative Sentiment: Price forecasts also highlighted resistance near recent highs and moving averages, suggesting GLD could face pauses if the current macro-driven rally loses momentum. Gold (XAU/USD) Price Forecast: Resistance Cluster Caps Upside Momentum

SPDR Gold Shares Price Performance

GLD stock opened at $378.13 on Friday. SPDR Gold Shares has a one year low of $300.95 and a one year high of $509.70. The stock has a market cap of $133.10 billion, a PE ratio of -32.43 and a beta of 0.17. The firm has a 50 day simple moving average of $404.49 and a two-hundred day simple moving average of $426.91.

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.