First Horizon Corp lowered its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 6.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 70,378 shares of the exchange traded fund’s stock after selling 4,510 shares during the quarter. SPDR Gold Shares comprises 1.2% of First Horizon Corp’s investment portfolio, making the stock its 15th biggest holding. First Horizon Corp’s holdings in SPDR Gold Shares were worth $27,892,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Atlantic Edge Private Wealth Management LLC lifted its position in shares of SPDR Gold Shares by 19.9% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 875 shares of the exchange traded fund’s stock worth $347,000 after buying an additional 145 shares during the last quarter. Berger Financial Group Inc grew its position in shares of SPDR Gold Shares by 7.1% in the 4th quarter. Berger Financial Group Inc now owns 4,071 shares of the exchange traded fund’s stock valued at $1,613,000 after buying an additional 269 shares during the last quarter. Symmetry Partners LLC grew its position in shares of SPDR Gold Shares by 10.7% in the 4th quarter. Symmetry Partners LLC now owns 1,998 shares of the exchange traded fund’s stock valued at $792,000 after buying an additional 193 shares during the last quarter. Wealth Enhancement Trust Services Inc. acquired a new stake in SPDR Gold Shares during the 4th quarter worth $393,000. Finally, ZEGA Investments LLC acquired a new stake in SPDR Gold Shares during the 4th quarter worth $1,035,000. Institutional investors and hedge funds own 42.19% of the company’s stock.
Trending Headlines about SPDR Gold Shares
Here are the key news stories impacting SPDR Gold Shares this week:
- Positive Sentiment: Bullish technical momentum building beneath key resistance; reclaiming the 50‑day MA would likely fuel further upside for gold and GLD. Gold (XAU/USD) Price Forecast: Bullish Momentum Builds Beneath Major Resistance
- Positive Sentiment: Hopes for a U.S.–Iran deal have lifted safe‑haven demand and pushed gold higher, a direct positive for GLD flows. Gold Edges Higher on Hopes for U.S.-Iran Deal
- Positive Sentiment: Dollar softness tied to ongoing diplomatic progress is reducing demand for the dollar as a haven and supporting gold prices (GLD benefits). Losses by the Dollar as Focus on Diplomacy Continues
- Positive Sentiment: Macro narrative and strong YTD performance have increased investor interest in gold ETFs; some outlets highlight GLD as a go‑to ETF before potential rate easing. Gold Soared 50% This Year. Here’s Which ETF to Buy Before Rates Fall
- Neutral Sentiment: Markets are waiting on key U.S. data (retail sales, PMI, sentiment) that could swing rates and the dollar — creating short‑term directionality risk for GLD. Gold eyes key U.S. data as markets brace for retail sales, PMI, and sentiment signals
- Neutral Sentiment: Intra‑day technical guides and quieter volatility signal consolidative trade; traders are watching specific entry/resistance levels for a confirmed breakout. Gold market analysis for April 17 – key intra-day price entry levels for active traders
- Negative Sentiment: Gold rally momentum could stall as rate‑cut odds fall and the Fed stays on hold; a firmer dollar and lower oil reduce inflation pressure, which is bearish for GLD. Gold News: Gold Rally Loses Steam as Rate Cut Odds Fall to 27%
- Negative Sentiment: Some data (Philly Fed, jobless claims) and improving geopolitical signals have weakened gold’s safe‑haven bid at times, keeping the market range‑bound and capping GLD gains. Gold’s safe-haven appeal weakening as Philly Fed Survey jumps in April
SPDR Gold Shares Price Performance
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.
Recommended Stories
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.
