Mitchell Mcleod Pugh & Williams Inc. Buys 1,489 Shares of SPDR Gold Shares $GLD

Mitchell Mcleod Pugh & Williams Inc. grew its stake in SPDR Gold Shares (NYSEARCA:GLD) by 23.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,846 shares of the exchange traded fund’s stock after purchasing an additional 1,489 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in SPDR Gold Shares were worth $2,859,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC raised its stake in shares of SPDR Gold Shares by 20.4% in the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after acquiring an additional 1,903 shares during the period. Bison Wealth LLC grew its holdings in SPDR Gold Shares by 77.8% during the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after purchasing an additional 2,600 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in SPDR Gold Shares during the 1st quarter valued at about $16,014,000. Farmers & Merchants Investments Inc. raised its position in SPDR Gold Shares by 7.9% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 3,952 shares of the exchange traded fund’s stock worth $1,205,000 after purchasing an additional 290 shares during the period. Finally, Golden State Equity Partners lifted its stake in SPDR Gold Shares by 16.4% in the second quarter. Golden State Equity Partners now owns 1,120 shares of the exchange traded fund’s stock worth $341,000 after purchasing an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

More SPDR Gold Shares News

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

• Positive Sentiment: Record gold highs and safe‑haven buying are the primary drivers boosting GLD: multiple outlets report spot gold rising to new records above $4,700–$4,800/oz on renewed geopolitical tensions (Greenland/tariff threats) and flight‑to‑safety flows. Gold breaks new record on Greenland tariff threats
• Positive Sentiment: Momentum and technical breakout: analysts and forecasters note accelerating bullish momentum and new all‑time highs, supporting continued ETF inflows into GLD. Breakout to new high accelerates uptrend
• Positive Sentiment: Macro drivers reinforce demand: reports cite U.S.–Europe/Greenland tensions, a softer dollar and expectations around Fed data as fueling safe‑haven demand that benefits GLD. Stock Market Today: Gold Extends Gains
• Positive Sentiment: Elevated investor positioning in GLD: unusually large call‑option activity (about 957k calls) indicates speculative and hedging demand for GLD exposure, which can amplify upside in the ETF. GLD options activity
• Neutral Sentiment: Analyst price projections and debate: some commentators and banks are raising long‑run targets (talk of $5,000–$7,000/oz), which supports bullish sentiment but are forecasts rather than guaranteed drivers. Gold & Silver Price Forecast
• Neutral Sentiment: Industry developments and funding: a $150m US bond for Caledonia Mining (Zimbabwe project) and permit revocations for some Indonesian projects are sector‑specific items that could influence supply or miner equities over time but have limited direct impact on GLD today. Caledonia raises $150m Reuters: permits revoked in Indonesia
• Negative Sentiment: Technical/correction risk: several outlets warn of near‑term consolidation or a corrective pullback after the rapid run‑up — a risk that could produce short‑term volatility and outflows from GLD. Gold may face technical correction

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $437.23 on Wednesday. The firm has a market capitalization of $165.97 billion, a PE ratio of -32.43 and a beta of 0.09. The business has a 50 day simple moving average of $397.74 and a two-hundred day simple moving average of $358.10. SPDR Gold Shares has a 1 year low of $251.83 and a 1 year high of $438.14.

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.