SPDR Gold Shares $GLD Stock Bought by GoalVest Advisory LLC

GoalVest Advisory LLC lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 18,658.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 68,093 shares of the exchange traded fund’s stock after purchasing an additional 67,730 shares during the period. SPDR Gold Shares makes up 1.3% of GoalVest Advisory LLC’s holdings, making the stock its 14th biggest holding. GoalVest Advisory LLC’s holdings in SPDR Gold Shares were worth $25,933,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Beacon Wealthcare LLC purchased a new position in shares of SPDR Gold Shares in the 3rd quarter valued at about $204,000. Noble Wealth Management PBC raised its holdings in SPDR Gold Shares by 3.4% in the third quarter. Noble Wealth Management PBC now owns 14,526 shares of the exchange traded fund’s stock valued at $5,532,000 after acquiring an additional 482 shares in the last quarter. Doliver Advisors LP lifted its stake in SPDR Gold Shares by 43.4% in the third quarter. Doliver Advisors LP now owns 3,695 shares of the exchange traded fund’s stock worth $1,407,000 after acquiring an additional 1,118 shares during the last quarter. Stonebridge Financial Group LLC lifted its stake in SPDR Gold Shares by 1.1% in the third quarter. Stonebridge Financial Group LLC now owns 15,330 shares of the exchange traded fund’s stock worth $5,838,000 after acquiring an additional 165 shares during the last quarter. Finally, Coastline Trust Co grew its holdings in SPDR Gold Shares by 6.2% during the 3rd quarter. Coastline Trust Co now owns 26,766 shares of the exchange traded fund’s stock worth $10,194,000 after acquiring an additional 1,570 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD traded down $3.04 during trading hours on Friday, reaching $379.71. The stock had a trading volume of 6,420,379 shares, compared to its average volume of 11,785,511. SPDR Gold Shares has a 1 year low of $355.80 and a 1 year high of $509.70. The firm’s 50 day moving average is $396.83 and its 200-day moving average is $403.95. The stock has a market capitalization of $140.95 billion, a price-to-earnings ratio of -32.43 and a beta of 0.19.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: U.S. employers added only 29,000 jobs in September, significantly below expectations. The softer labor-market data lowered October Fed-hike odds, pressured Treasury yields, and increased demand for non-yielding gold and safe-haven assets. Gold, silver rise as weak payrolls cut Fed-hike odds
• Positive Sentiment: Gold and silver strengthened as falling yields improved the relative appeal of bullion. Continued geopolitical concerns, including Strait of Hormuz risk, also supported safe-haven demand, providing a constructive backdrop for GLD. Gold Price Forecast – Gold Continues to Move with Rates
• Neutral Sentiment: Longer-term analysts continue to cite strong ETF and central-bank demand, persistent inflation, global debt, and portfolio-diversification needs as structural supports for gold. These themes may benefit GLD over time, though they have not removed near-term volatility. Gold as a Hedge: Navigating Global Debt and Persistent Inflation
• Negative Sentiment: The dollar and elevated Treasury yields remain obstacles to a sustained gold recovery. GLD is also trading below its 50-day and 200-day moving averages, indicating that technical momentum remains weak despite Friday’s fundamental improvement. Gold Falls; U.S. Dollar, Yields Key Obstacles for Price Gain
• Negative Sentiment: Bank of America warned that gold could fall below $4,000 in the fourth quarter if high bond yields and tighter monetary-policy expectations persist. This downside risk likely limits investor enthusiasm for GLD following its recent decline. Risks rising that gold prices fall below $4,000 in Q4

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.