Hyundai Investments Co. Ltd. Invests $3.06 Million in SPDR Gold Shares $GLD

Hyundai Investments Co. Ltd. bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,671 shares of the exchange traded fund’s stock, valued at approximately $3,060,000. SPDR Gold Shares accounts for about 3.0% of Hyundai Investments Co. Ltd.’s investment portfolio, making the stock its 2nd biggest position.

Other institutional investors also recently modified their holdings of the company. Morgan Stanley grew its holdings in SPDR Gold Shares by 22.4% during the fourth quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock worth $5,506,229,000 after buying an additional 2,539,266 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in SPDR Gold Shares by 2.7% during the third quarter. First Eagle Investment Management LLC now owns 2,531,196 shares of the exchange traded fund’s stock worth $899,764,000 after buying an additional 66,416 shares in the last quarter. Bank of Montreal Can bought a new stake in SPDR Gold Shares during the third quarter worth $556,282,000. Ameriprise Financial Inc. grew its holdings in SPDR Gold Shares by 3.4% during the third quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock worth $554,139,000 after buying an additional 50,756 shares in the last quarter. Finally, Barclays PLC grew its holdings in SPDR Gold Shares by 1.4% during the third quarter. Barclays PLC now owns 1,125,376 shares of the exchange traded fund’s stock worth $400,037,000 after buying an additional 15,932 shares in the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

More SPDR Gold Shares News

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

• Positive Sentiment: Gold rallied as the U.S.-Iran truce and the reopening of the Strait of Hormuz helped push oil lower, easing inflation fears and supporting lower Treasury yields. Gold Edges Higher, Extending Gains After U.S.-Iran Ceasefire
• Positive Sentiment: A World Gold Council survey found a record 45% of central banks plan to increase gold holdings, reinforcing the long-term demand backdrop for bullion and GLD. Record 45% of central banks plan increase gold holdings, WGC survey finds
• Positive Sentiment: Gold held near session highs after weak U.S. manufacturing data and higher input costs, which can bolster expectations for eventual Fed easing and support gold-linked ETFs like GLD. Gold prices holding near session highs as Empire State Survey falls to 5.7 in June
• Neutral Sentiment: Several market updates say gold is currently driven by technical recovery levels around support and resistance, suggesting near-term trading may depend on follow-through rather than a single new catalyst. Gold (XAUUSD) & Silver Price Forecast: Truce Stability vs Inflation Pressure Amid Iran-Israel Conflict – Upside Ahead?
• Negative Sentiment: Analysts also note inflation remains a headwind because it can keep rate-cut expectations in check, which may limit additional upside for gold and GLD. Gold and silver rally after Iran-U.S. deal, but face headwinds from rate hike expectations – Heraeus

SPDR Gold Shares Trading Up 2.6%

Shares of SPDR Gold Shares stock opened at $396.55 on Tuesday. The stock has a fifty day simple moving average of $420.83 and a 200 day simple moving average of $428.13. SPDR Gold Shares has a 12-month low of $299.89 and a 12-month high of $509.70. The company has a market capitalization of $144.23 billion, a P/E ratio of -32.43 and a beta of 0.14.

SPDR Gold Shares 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.