2,541 SPDR Gold Shares $GLD Shares Sold by New Harbor Financial Group LLC

New Harbor Financial Group LLC decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 72.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 951 shares of the exchange traded fund’s stock after selling 2,541 shares during the period. New Harbor Financial Group LLC’s holdings in SPDR Gold Shares were worth $362,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. First Eagle Investment Management LLC grew its stake in SPDR Gold Shares by 1.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 2,491,623 shares of the exchange traded fund’s stock worth $917,864,000 after buying an additional 35,882 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in SPDR Gold Shares by 0.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,169,683 shares of the exchange traded fund’s stock worth $430,888,000 after purchasing an additional 5,793 shares in the last quarter. PPSC Investment Service Corp grew its holdings in SPDR Gold Shares by 10.0% during the first quarter. PPSC Investment Service Corp now owns 781,981 shares of the exchange traded fund’s stock worth $336,479,000 after acquiring an additional 70,775 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of SPDR Gold Shares by 1.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 707,998 shares of the exchange traded fund’s stock worth $304,644,000 after purchasing an additional 12,415 shares in the last quarter. Finally, Diamant Asset Management Inc. boosted its stake in shares of SPDR Gold Shares by 42,929.0% during the 1st quarter. Diamant Asset Management Inc. now owns 697,070 shares of the exchange traded fund’s stock worth $299,942,000 after acquiring an additional 695,450 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Falling U.S. Treasury yields and rising inflation expectations could eventually support gold by increasing demand for an inflation hedge and reducing the opportunity cost of holding a non-yielding asset. The October 28 Federal Reserve decision is the next major catalyst. Gold Defends $4,000 After Bounce as Fed Signals Take Center Stage
• Positive Sentiment: Some analysts view the current selloff as a temporary delay rather than the end of gold’s longer-term advance, citing geopolitical risks, elevated gold prices and strong mining-sector cash flows. War in Iran, higher energy prices are only delaying gold’s rally
• Neutral Sentiment: GLD remains a widely watched vehicle for gaining direct exposure to gold during market volatility. Its future direction will likely depend on whether easing-rate expectations and geopolitical demand outweigh inflation-driven pressure on bonds and interest rates. Gold ETFs to Watch Amid Fed Rate Hike & Oil Risks
• Negative Sentiment: Crude oil’s rise amid renewed Middle East and Hormuz tensions is increasing inflation concerns and reinforcing expectations for additional Fed tightening. That combination has pressured gold and other precious metals despite lower Treasury yields. Gold heads for steep weekly loss as Hormuz tensions lift crude
• Negative Sentiment: Gold has broken below the $4,000 support area, with technical analysts warning that further weakness could expose support near $3,942 and other lower Fibonacci levels. Strong U.S. activity data and better-than-expected consumer sentiment are also reducing immediate safe-haven demand. Gold Price Forecast: Bearish Momentum Puts Major Support at Risk

SPDR Gold Shares Trading Down 0.6%

Shares of GLD traded down $2.39 during midday trading on Friday, hitting $366.61. The stock had a trading volume of 9,930,977 shares, compared to its average volume of 11,524,645. The business has a 50-day simple moving average of $394.61 and a two-hundred day simple moving average of $398.84. SPDR Gold Shares has a fifty-two week low of $360.12 and a fifty-two week high of $509.70. The firm has a market cap of $136.31 billion, a P/E ratio of -32.43 and a beta of 0.18.

SPDR Gold Shares 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.