Janney Montgomery Scott LLC Raises Holdings in SPDR Gold Shares $GLD

Janney Montgomery Scott LLC lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 34.6% in the 1st quarter, Holdings Channel reports. The fund owned 276,294 shares of the exchange traded fund’s stock after buying an additional 70,977 shares during the quarter. Janney Montgomery Scott LLC’s holdings in SPDR Gold Shares were worth $118,887,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in GLD. Morgan Stanley lifted its holdings in SPDR Gold Shares by 22.4% during the fourth quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock valued at $5,506,229,000 after purchasing an additional 2,539,266 shares during the last quarter. Corient Private Wealth LLC increased its stake in shares of SPDR Gold Shares by 571.3% in the fourth quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock worth $1,565,118,000 after purchasing an additional 3,360,966 shares in the last quarter. First Eagle Investment Management LLC increased its stake in shares of SPDR Gold Shares by 2.7% in the third quarter. First Eagle Investment Management LLC now owns 2,531,196 shares of the exchange traded fund’s stock worth $899,764,000 after purchasing an additional 66,416 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $556,282,000. Finally, Ameriprise Financial Inc. raised its position in shares of SPDR Gold Shares by 3.4% in the third quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock valued at $554,139,000 after purchasing an additional 50,756 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.1%

Shares of GLD stock opened at $373.63 on Friday. The firm’s 50 day moving average is $411.07 and its 200 day moving average is $427.51. The stock has a market capitalization of $135.89 billion, a P/E ratio of -32.43 and a beta of 0.14. SPDR Gold Shares has a 12 month low of $299.89 and a 12 month high of $509.70.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Gold gained ground as the U.S. dollar pulled back from recent highs and Treasury yields eased, helping precious metals recover from pressure. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Dollar Moves Away From Yearly Highs
• Positive Sentiment: Gold found support around the key $4,000 level and bounced as traders bought the dip after recent weakness. Gold Price Analysis – Gold Attempting to Bounce from $4000 Region
• Positive Sentiment: Weaker inflation expectations and slightly better consumer sentiment supported a move higher in spot gold during Friday trading. Spot gold hits session high near 4080/oz after final Consumer Sentiment rises to 49.5, one-year and long-term inflation expectations ease
• Neutral Sentiment: Some analysts still see gold’s longer-term structure as constructive, supported by central bank buying and continued industrial demand in related metals. Gold (XAUUSD) & Silver Price Forecast: Gold Retests $4,010 as Silver Breaks $56.50 Amid Ceasefire — Bearish Turn?
• Negative Sentiment: Multiple market reports warned that gold remains under pressure from a strong dollar, hawkish Fed expectations, and resilient U.S. data, with some analysts calling for deeper downside. Gold (XAU/USD) Price Forecast: Trendline Break Signals Bearish Extension
• Negative Sentiment: Other commentary suggested gold could still fall further, with prices struggling below $4,000 and bearish outlooks pointing to continued downside if support fails. Gold Declines; Prices Could Have Further to Fall

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.