Sumitomo Mitsui Trust Group Inc. Sells 31,928 Shares of SPDR Gold Shares $GLD

Sumitomo Mitsui Trust Group Inc. lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 33.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,157 shares of the exchange traded fund’s stock after selling 31,928 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in SPDR Gold Shares were worth $27,606,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in GLD. Morgan Stanley increased its holdings in shares of SPDR Gold Shares by 22.4% in the fourth quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock worth $5,506,229,000 after purchasing an additional 2,539,266 shares during the last quarter. Corient Private Wealth LLC grew its holdings in SPDR Gold Shares by 571.3% during the 4th quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock valued at $1,565,118,000 after buying an additional 3,360,966 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in SPDR Gold Shares by 3.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock valued at $554,139,000 after buying an additional 50,756 shares in the last quarter. Virtu Financial LLC purchased a new position in SPDR Gold Shares during the 4th quarter valued at approximately $474,952,000. Finally, Marino Management LLC bought a new stake in SPDR Gold Shares in the 4th quarter worth approximately $438,475,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD opened at $367.13 on Tuesday. The stock has a market capitalization of $128.90 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a 1 year low of $300.95 and a 1 year high of $509.70. The business’s 50 day simple moving average is $398.48 and its 200-day simple moving average is $426.01.

SPDR Gold Shares News Summary

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

• Neutral Sentiment: Gold’s near-term direction is being driven by a key macro week featuring U.S. CPI, Fed-related commentary, and geopolitical risks around the Strait of Hormuz, all of which could shift rate expectations and demand for safe-haven assets. Gold News: Gold Price Hinges on CPI, Warsh and Hormuz Risks
• Neutral Sentiment: Some analysts argue gold’s longer-term case remains intact even if the U.S. dollar stays strong in the short run, framing recent weakness as a temporary pullback rather than a breakdown in the metal’s reserve-asset appeal. Gold is becoming the reserve asset of the new multipolar world – Sprott’s Paul Wong
• Negative Sentiment: Gold slid to a monthly low as renewed fighting in the U.S.-Iran conflict and rising oil prices increased inflation concerns and supported expectations for tighter-for-longer Fed policy, which tends to weigh on non-yielding gold and GLD. Update: Gold Falls to Monthly Low as Renewed US-Iran Fighting Fuels Inflation Concerns
• Negative Sentiment: Precious metals are weak as traders bet on a hawkish Fed, with gold testing the $4,000 level while oil-driven inflation fears and a stronger dollar continue to pressure prices. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests The $4000 Level

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.