Sovran Advisors LLC Reduces Stock Position in SPDR Gold Shares $GLD

Sovran Advisors LLC decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 18.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,053 shares of the exchange traded fund’s stock after selling 6,171 shares during the quarter. SPDR Gold Shares comprises 0.9% of Sovran Advisors LLC’s holdings, making the stock its 22nd largest position. Sovran Advisors LLC’s holdings in SPDR Gold Shares were worth $10,013,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC grew its holdings in shares of SPDR Gold Shares by 31,232.8% in the second quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock valued at $890,837,000 after purchasing an additional 2,913,079 shares during the period. Corient Private Wealth LLC grew its stake in shares of SPDR Gold Shares by 108.1% in the 2nd quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock valued at $327,500,000 after buying an additional 559,507 shares during the period. TD Asset Management Inc increased its holdings in shares of SPDR Gold Shares by 108.4% during the 2nd quarter. TD Asset Management Inc now owns 685,151 shares of the exchange traded fund’s stock worth $208,855,000 after buying an additional 356,401 shares during the last quarter. Harvard Management Co. Inc. purchased a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at approximately $101,508,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at approximately $99,996,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: Spot gold hit and extended record highs above $5,000–$5,100/oz, fueling demand for GLD as investors seek a hedge against market volatility. Gold races to $5,100 record peak on safe-haven demand
• Positive Sentiment: Heightened political and geopolitical shocks — and headlines citing a “crisis of confidence” in U.S. policy — are pushing investors and central banks into gold, supporting ETF inflows that benefit GLD. Gold Surges Past $5,000 To Historic High As ‘Crisis Of Confidence’ In Trump Administration Rattles Global Markets
• Neutral Sentiment: Macro drivers cited include U.S. dollar weakness and shifting Fed expectations; these can sustain gold but also introduce sensitivity to any rapid policy or currency reversals. Gold (XAUUSD) Breaks $5,000 as US Dollar Crashes – Silver Surges Above $100
• Neutral Sentiment: Rising gold is also lifting miners and related ETFs; GLD benefits from bullion flows but differs from miners (GDX) which carry equity and operational risk. The Gold Rush Continues: GDX’s Amplified Bet vs. GLD’s Steady Hold
• Negative Sentiment: The rapid, headline-driven rally raises the risk of short-term profit-taking and volatility; a USD rebound or hawkish Fed surprise could quickly reverse gains for GLD.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $458.00 on Monday. The stock has a 50 day moving average of $401.91 and a 200 day moving average of $361.17. The firm has a market capitalization of $172.57 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a fifty-two week low of $251.92 and a fifty-two week high of $458.75.

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.