Whittier Trust Co. Increases Stock Holdings in SPDR Gold Shares $GLD

Whittier Trust Co. increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,213 shares of the exchange traded fund’s stock after buying an additional 1,757 shares during the quarter. Whittier Trust Co.’s holdings in SPDR Gold Shares were worth $10,017,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. WPG Advisers LLC purchased a new position in SPDR Gold Shares during the 4th quarter worth $25,000. Timmons Wealth Management LLC bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth $26,000. Chapman Financial Group LLC bought a new stake in shares of SPDR Gold Shares in the 2nd quarter worth $26,000. Eukles Asset Management purchased a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $27,000. Finally, Private Wealth Management Group LLC purchased a new stake in shares of SPDR Gold Shares in the first quarter valued at about $30,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: July U.S. CPI and PPI data were benign, easing expectations for further Federal Reserve tightening. Lower expected rates and potentially declining real yields reduce the opportunity cost of holding non-yielding gold. Cooler CPI and PPI boost gold and ease rate hike bets
• Positive Sentiment: UBS said gold could challenge $5,000 per ounce in the first half of 2027, citing lower real rates, a softer U.S. dollar and strong sovereign demand. The Bank of Korea’s reported $250 million purchase of SPDR Gold Shares also reinforces the central-bank demand narrative. UBS gold outlook Bank of Korea gold ETF purchase
• Positive Sentiment: An LBMA survey projected gold would average near $4,500 per ounce by year-end, suggesting analysts still see meaningful support for gold and, by extension, GLD. LBMA gold price survey
• Neutral Sentiment: Gold briefly neared $4,450 before retreating, leaving the market focused on whether it can break and hold above the $4,500 technical resistance level. Gold rally faces moment of truth
• Negative Sentiment: Gold snapped a four-session advance as traders locked in gains. Falling oil prices and easing yields also reduced the immediate appeal of gold as an inflation hedge, while a relatively firm dollar added pressure. Gold snaps four-day advance

SPDR Gold Shares Price Performance

GLD opened at $398.96 on Friday. SPDR Gold Shares has a fifty-two week low of $305.19 and a fifty-two week high of $509.70. The firm has a market capitalization of $140.87 billion, a P/E ratio of -32.43 and a beta of 0.17. The company’s 50-day moving average is $380.35 and its 200 day moving average is $419.85.

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.