TD Waterhouse Canada Inc. grew its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 4.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 351,435 shares of the exchange traded fund’s stock after buying an additional 15,256 shares during the period. TD Waterhouse Canada Inc.’s holdings in SPDR Gold Shares were worth $134,626,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Wealth Management Group LLC acquired a new position in SPDR Gold Shares during the first quarter worth about $30,000. Parvin Asset Management LLC acquired a new stake in SPDR Gold Shares in the 1st quarter valued at about $31,000. Longview Financial Advisors Inc. acquired a new stake in SPDR Gold Shares in the 1st quarter valued at about $35,000. NBH Bank acquired a new stake in SPDR Gold Shares in the 2nd quarter valued at about $41,000. Finally, Compass Financial Services Inc lifted its stake in SPDR Gold Shares by 48.8% in the 4th quarter. Compass Financial Services Inc now owns 122 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 40 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.
SPDR Gold Shares Stock Down 0.2%
GLD traded down $0.70 during trading on Friday, reaching $382.01. The company’s stock had a trading volume of 9,060,684 shares, compared to its average volume of 11,585,232. The company has a market cap of $141.23 billion, a price-to-earnings ratio of -32.43 and a beta of 0.18. The firm has a fifty day simple moving average of $397.35 and a two-hundred day simple moving average of $400.72. SPDR Gold Shares has a 1 year low of $360.12 and a 1 year high of $509.70.
Key Stories Impacting SPDR Gold Shares
Here are the key news stories impacting SPDR Gold Shares this week:
- Positive Sentiment: Falling Treasury yields, lower real yields and a softer dollar helped gold recover from its recent selloff. Reduced expectations for an October Fed rate hike also improved sentiment toward non-yielding assets. Gold Weekly Price Forecast – Gold Tests $4,000 Demand Zone as Lower Real Yields Offer Support
- Positive Sentiment: Underlying demand remains supportive: China’s central bank added 23 tonnes to its reserves, Chinese gold ETFs attracted inflows, and holiday jewelry, bar and coin demand improved. These trends may provide a floor for gold and GLD over the longer term. China buys the gold dip as ETF holdings hit record and holiday demand lifts Q4 outlook
- Neutral Sentiment: Technical conditions remain mixed. Gold has held the roughly $4,000 demand zone for multiple weeks, but the market faces resistance near $4,200–$4,226. A breakout could help GLD, while another failure would reinforce consolidation. Gold Price Forecast: Bulls Face Crucial $4,226 Resistance
- Negative Sentiment: Hot U.S. inflation data—September CPI at 3.7% and PPI rising 6.3%—kept December Fed tightening expectations alive. Higher potential rates, stronger yields and a firmer dollar initially triggered a sharp gold decline and continue to cap its recovery.
- Negative Sentiment: Wall Street remains divided and retail sentiment is becoming more bearish after gold failed to decisively clear the $4,200 area. Upcoming housing, PMI, employment and consumer-sentiment reports could create additional volatility for GLD. Wall Street undecided on gold’s near-term trajectory
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.
See Also
- Five stocks we like better than SPDR Gold Shares
- Rocket Lab’s Neutron Delay Leaves Wall Street Bullish But Raises the Stakes for 2027
- ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid
- Does the AI Selloff Put Alphabet’s Breakout in Doubt?
- Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery
Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.
