VMS Asset Management Limited purchased a new position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 21,360 shares of the exchange traded fund’s stock, valued at approximately $8,465,000. SPDR Gold Shares accounts for about 3.3% of VMS Asset Management Limited’s investment portfolio, making the stock its 9th biggest position.
A number of other hedge funds have also bought and sold shares of the business. First Eagle Investment Management LLC grew its stake in SPDR Gold Shares by 2.7% in the 3rd quarter. First Eagle Investment Management LLC now owns 2,531,196 shares of the exchange traded fund’s stock valued at $899,764,000 after buying an additional 66,416 shares in the last quarter. Bank of Montreal Can purchased a new position in SPDR Gold Shares in the 3rd quarter valued at approximately $556,282,000. Ameriprise Financial Inc. grew its stake in SPDR Gold Shares by 3.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock valued at $554,139,000 after buying an additional 50,756 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in SPDR Gold Shares by 3.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,222,891 shares of the exchange traded fund’s stock valued at $434,701,000 after buying an additional 35,619 shares in the last quarter. Finally, Barclays PLC grew its stake in SPDR Gold Shares by 1.4% in the 3rd quarter. Barclays PLC now owns 1,125,376 shares of the exchange traded fund’s stock valued at $400,037,000 after buying an additional 15,932 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.
SPDR Gold Shares Trading Up 0.8%
SPDR Gold Shares stock opened at $411.27 on Friday. SPDR Gold Shares has a 1-year low of $299.89 and a 1-year high of $509.70. The firm has a market capitalization of $149.58 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14. The firm has a 50 day simple moving average of $425.14 and a 200 day simple moving average of $427.44.
SPDR Gold Shares News Summary
- Positive Sentiment: Central banks bought net 17 tonnes of gold in April, reinforcing long-term demand for bullion and supporting GLD’s investment case. Central banks buy net 17 tonnes of gold in April, led by Poland and China – WGC
- Positive Sentiment: Some strategists remain bullish on gold, citing deglobalization and strategic resource competition as forces that could keep the commodity cycle strong. Deglobalization sparks race for strategic resources, driving gold and copper outlook – Sohn Montreal
- Neutral Sentiment: Gold prices briefly rebounded as the dollar and Treasury yields eased, showing that GLD can still benefit from softer rate expectations. Update: Gold Trading Higher as the Dollar and Yields Fall as Israel and Lebanon Agree to a Ceasefire
- Negative Sentiment: Gold has recently fallen below key support levels as traders price in renewed Fed hike risk, which is weighing on GLD. TD Securities cuts H2 2026 gold price forecasts as markets price in Fed rate hike
- Negative Sentiment: Stronger U.S. economic data, including upbeat services and job-creation figures, has reduced urgency for rate cuts and pressured gold prices. Gold off session lows after ISM Services PMI rises to 54.5 in May
- Negative Sentiment: Recent market commentary says China’s gold market is cooling, which may soften a major source of ETF and physical demand. China’s gold market is cooling, multiple metrics show
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.
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