Erste Asset Management GmbH Has $96.52 Million Stock Holdings in SPDR Gold Shares $GLD

Erste Asset Management GmbH boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 40.1% during the second quarter, HoldingsChannel reports. The fund owned 262,000 shares of the exchange traded fund’s stock after purchasing an additional 75,000 shares during the quarter. SPDR Gold Shares comprises 0.7% of Erste Asset Management GmbH’s holdings, making the stock its 24th largest position. Erste Asset Management GmbH’s holdings in SPDR Gold Shares were worth $96,516,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GLD. WPG Advisers LLC acquired a new position in SPDR Gold Shares during the 4th quarter worth about $25,000. Timmons Wealth Management LLC acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $26,000. Eukles Asset Management acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at about $27,000. Private Wealth Management Group LLC bought a new position in shares of SPDR Gold Shares during the first quarter worth about $30,000. Finally, Parvin Asset Management LLC acquired a new position in shares of SPDR Gold Shares in the first quarter worth approximately $31,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $401.48 on Friday. The business’s 50 day simple moving average is $380.45 and its 200 day simple moving average is $419.72. SPDR Gold Shares has a one year low of $305.19 and a one year high of $509.70. The stock has a market capitalization of $141.76 billion, a PE ratio of -32.43 and a beta of 0.17.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: July U.S. retail sales unexpectedly fell 0.6%, while preliminary August consumer sentiment dropped to 51 versus a 54.5 consensus forecast. The weaker data increased expectations that the Fed may hold rates steady in September, supporting non-yielding gold. Gold rallies after retail sales drop
• Positive Sentiment: Cooling inflation is also helping gold: July headline PPI was flat, and recent CPI and PPI readings have reduced rate-hike concerns. A softer dollar and lower real-rate expectations generally make gold more attractive. Gold rebounds as dollar pulls back
• Positive Sentiment: Longer-term demand remains constructive. UBS strategists said gold could challenge $5,000 per ounce in the first half of 2027, citing lower real rates, a weaker dollar and strong sovereign and central-bank buying. The Bank of Korea also reported a $250 million holding in SPDR Gold Shares, its first gold-linked purchase since 2013. UBS sees gold challenging $5,000
• Neutral Sentiment: Investors are awaiting Federal Reserve meeting minutes, housing data and manufacturing PMI figures next week. These releases could cause volatility by changing views on economic growth and future interest rates. Gold looks to Fed minutes and economic data
• Negative Sentiment: Gold has struggled to extend its rebound near the $4,450–$4,500 resistance zone. Technical analysts warn that a pullback may be needed before another advance, while profit-taking, Treasury yields and geopolitical developments could cap gains. Gold pullback risk after resistance test

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.