SPDR Gold Shares $GLD Shares Sold by Phoenix Financial Ltd.

Phoenix Financial Ltd. cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,676 shares of the exchange traded fund’s stock after selling 1,555 shares during the quarter. Phoenix Financial Ltd.’s holdings in SPDR Gold Shares were worth $6,727,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GLD. First Eagle Investment Management LLC raised its position in shares of SPDR Gold Shares by 1.5% during the second quarter. First Eagle Investment Management LLC now owns 2,491,623 shares of the exchange traded fund’s stock worth $917,864,000 after acquiring an additional 35,882 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in SPDR Gold Shares by 0.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,169,683 shares of the exchange traded fund’s stock valued at $430,888,000 after acquiring an additional 5,793 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in SPDR Gold Shares by 1.8% in the first quarter. PNC Financial Services Group Inc. now owns 707,998 shares of the exchange traded fund’s stock valued at $304,644,000 after acquiring an additional 12,415 shares during the last quarter. PPSC Investment Service Corp boosted its holdings in SPDR Gold Shares by 2.2% in the third quarter. PPSC Investment Service Corp now owns 789,050 shares of the exchange traded fund’s stock valued at $300,502,000 after acquiring an additional 16,678 shares during the last quarter. Finally, Bank of Korea acquired a new stake in SPDR Gold Shares during the 2nd quarter valued at approximately $250,411,831. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.2%

SPDR Gold Shares stock traded up $0.56 during mid-day trading on Friday, hitting $355.45. 11,724,977 shares of the stock were exchanged, compared to its average volume of 11,375,320. SPDR Gold Shares has a 12 month low of $352.91 and a 12 month high of $509.70. The firm’s fifty day simple moving average is $380.91 and its two-hundred day simple moving average is $409.18. The stock has a market capitalization of $129.92 billion, a price-to-earnings ratio of -32.43 and a beta of 0.20.

Key SPDR Gold Shares News

Here’s some of the latest news about GLD:

• Positive Sentiment: Bargain buying helped gold rebound from a more-than-one-year low, offering some near-term support for GLD. Gold rebounds from 13-month low as PPI complicates Fed outlook
• Neutral Sentiment: Longer-term outlooks remain more constructive, with WisdomTree and Goldman Sachs citing potential for gold to reach $4,800 in 2027. However, Goldman also cut its nearer-term forecasts, reflecting a tougher outlook for gold in the short run. Goldman Sachs cuts gold price targets
• Negative Sentiment: Gold’s failure to hold above $4,000 has intensified technical concerns. Analysts warn that further declines could expose support near $3,800 or even $3,500, with one forecast calling for $3,200 if rate hikes are aggressive—risks that could weigh on GLD. Gold’s $4,000 support breaks as Fed fears grow

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.