Essex Financial Services Inc. Reduces Stake in SPDR Gold Shares $GLD

Essex Financial Services Inc. trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.8% during the third quarter, Holdings Channel.com reports. The fund owned 83,767 shares of the exchange traded fund’s stock after selling 5,163 shares during the quarter. SPDR Gold Shares comprises 1.8% of Essex Financial Services Inc.’s portfolio, making the stock its 7th biggest holding. Essex Financial Services Inc.’s holdings in SPDR Gold Shares were worth $29,777,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Laurel Wealth Advisors LLC grew its position in SPDR Gold Shares by 31,232.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock worth $890,837,000 after purchasing an additional 2,913,079 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of SPDR Gold Shares by 108.1% in the 2nd quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock worth $327,500,000 after buying an additional 559,507 shares during the last quarter. Harvard Management Co. Inc. bought a new position in shares of SPDR Gold Shares in the second quarter valued at approximately $101,508,000. Quadrature Capital Ltd purchased a new stake in shares of SPDR Gold Shares during the second quarter valued at approximately $99,996,000. Finally, Flow Traders U.S. LLC lifted its holdings in SPDR Gold Shares by 276.0% during the second quarter. Flow Traders U.S. LLC now owns 304,814 shares of the exchange traded fund’s stock worth $92,916,000 after acquiring an additional 223,744 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $448.20 on Wednesday. The company has a market capitalization of $170.36 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 1 year low of $261.25 and a 1 year high of $509.70. The business has a fifty day moving average price of $428.63 and a two-hundred day moving average price of $379.43.

More SPDR Gold Shares News

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

• Positive Sentiment: Technical bullish setup and rate‑cut expectations are supporting gold, suggesting upside as long as key supports hold — a tailwind for GLD. Gold and Silver Technical Analysis: Bullish Structure Builds Ahead of FOMC Minutes
• Positive Sentiment: Gold has shown resilience, rebounding above key levels despite a firmer dollar — suggests buying interest on dips that supports GLD inflows. Gold (XAUUSD) & Silver Price Forecast: $5,000 Clash as Dollar Firms – Break or Reversal?
• Positive Sentiment: Wall Street coverage notes a likely technical recovery after a recent drop — momentum recovery often draws ETF buying. Gold Edges Higher on Likely Technical Recovery
• Neutral Sentiment: Traders are watching FOMC minutes, the 50‑day moving average and value zones — outcome could swing short‑term flows into or out of GLD. Gold (XAUUSD) Price Forecast: Traders Eye 50-Day MA for Gold Rally Price Prediction
• Neutral Sentiment: Near‑term technical tests around $4,900–$5,000 are key — traders may hedge positions until clarity, producing mixed ETF flows. Gold (XAUUSD) & Silver Price Forecast: FOMC Minutes Loom as XAU Tests $4,900 Support – $5,000 Recovery Possible?
• Negative Sentiment: Geopolitical de‑escalation (U.S.‑Iran talks) and easing safe‑haven demand pressured prices earlier, which can weigh on GLD outflows. Gold and Silver Prices Fall as U.S.-Iran Talks Begin. Trump Says Tehran Wants a Deal.
• Negative Sentiment: Reports of long liquidation and speculative ETF volatility in China have driven sharp intra‑day losses at times — increases GLD’s short‑term volatility risk. Gold, silver see strong losses amid weak long liquidation Safety No Longer? ETF Volatility in China Grips Gold

SPDR Gold Shares Company 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.