HBK Sorce Advisory LLC Increases Stake in SPDR Gold Shares $GLD

HBK Sorce Advisory LLC grew its stake in SPDR Gold Shares (NYSEARCA:GLD) by 18.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,532 shares of the exchange traded fund’s stock after purchasing an additional 1,350 shares during the period. HBK Sorce Advisory LLC’s holdings in SPDR Gold Shares were worth $3,176,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Chapman Financial Group LLC acquired a new stake in SPDR Gold Shares during the second quarter valued at $26,000. Traub Capital Management LLC purchased a new stake in shares of SPDR Gold Shares during the 2nd quarter worth about $34,000. Kilter Group LLC purchased a new stake in shares of SPDR Gold Shares during the 2nd quarter worth about $34,000. Legacy Wealth Managment LLC ID grew its position in shares of SPDR Gold Shares by 51.1% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 46 shares during the period. Finally, First Command Advisory Services Inc. purchased a new position in shares of SPDR Gold Shares in the 2nd quarter valued at about $43,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares News Summary

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

• Positive Sentiment: Geopolitical risk lifted gold above $4,500/oz, boosting safe-haven demand that favors GLD. Gold Climbs Above $4,500/oz for First Time Amid Rising Geopolitical Tensions
• Positive Sentiment: Technical breakout and momentum: gold hit fresh records and analysts forecast further extensions, attracting momentum traders and ETFs. Gold (XAU/USD) Price Forecast: New Record $4,498 – $4,552 Extension Next
• Positive Sentiment: Strong ETF inflows and institutional demand are supporting GLD accumulation into year-end, reinforcing the upward price trend. Gold Price Outlook – Gold Continues to See Inflows on Tuesday
• Positive Sentiment: Unusual bullish options flow in GLD: over 1.29 million calls were bought on Monday, signaling speculative and hedged positioning that can amplify upside in the ETF.
• Positive Sentiment: Big-bank and long-term forecasts remain bullish (JP Morgan sees materially higher targets), supporting investor conviction in continued gains. JP Morgan sees gold at $5,055 by Q4 2026
• Neutral Sentiment: Macro and structural context: surveys and explainers note that looser Fed bets, central-bank and retail buying, plus physical flows (e.g., China-Russia bullion trade) are underpinning the market. How investors buy gold and what fuels the market
• Neutral Sentiment: General investor guidance and product comparisons (ETFs vs. bullion) are circulating as new and existing investors rebalance into precious metals. How to Invest in Gold
• Negative Sentiment: Short-term pullbacks occurred intraday after US consumer confidence unexpectedly fell, showing that gold (and GLD) can be volatile around US data. Spot gold slides to session low after U.S. Consumer Confidence falls to 89.1 in December
• Negative Sentiment: Mixed US economic releases (e.g., durable goods declines) can create headline-driven swings that trigger profit-taking in momentum-led positions. Gold near session highs after U.S. durable goods posts -2.2% loss in October

SPDR Gold Shares Trading Up 1.3%

Shares of GLD stock opened at $413.64 on Wednesday. SPDR Gold Shares has a 12-month low of $239.58 and a 12-month high of $413.76. The business’s 50 day moving average is $382.75 and its two-hundred day moving average is $343.41. The company has a market capitalization of $149.70 billion, a P/E ratio of -32.43 and a beta of 0.09.

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.