SPDR Gold Shares $GLD Shares Bought by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,473 shares of the exchange traded fund’s stock after acquiring an additional 1,857 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in SPDR Gold Shares were worth $11,226,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Morgan Stanley boosted its position in shares of SPDR Gold Shares by 22.4% in the 4th quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock valued at $5,506,229,000 after purchasing an additional 2,539,266 shares during the period. Corient Private Wealth LLC raised its holdings in SPDR Gold Shares by 571.3% during the 4th quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock worth $1,565,118,000 after buying an additional 3,360,966 shares during the period. Virtu Financial LLC purchased a new stake in SPDR Gold Shares during the fourth quarter valued at about $474,952,000. Marino Management LLC purchased a new stake in SPDR Gold Shares during the fourth quarter valued at about $438,475,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of SPDR Gold Shares by 13.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 938,260 shares of the exchange traded fund’s stock worth $371,842,000 after buying an additional 109,205 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of GLD opened at $415.26 on Friday. The company has a 50-day moving average of $382.14 and a two-hundred day moving average of $417.45. The stock has a market cap of $146.63 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a one year low of $306.43 and a one year high of $509.70.

SPDR Gold Shares News Summary

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

• Positive Sentiment: The U.S. Treasury unexpectedly doubled its purchases of long-dated Treasury bonds, pushing yields and the dollar lower. Because gold does not pay interest, falling yields generally improve its relative appeal and helped drive the sharp rally in gold measured by GLD. Gold Jumps 3% as Bessent’s Treasury Steps Into Bond Rout
• Positive Sentiment: Analysts continue to present a bullish long-term outlook. Goldman Sachs reportedly targets $5,400 gold by year-end, while Electrum Chairman Thomas Kaplan forecasts substantially higher prices over time, citing monetary risks and potential government intervention in profitable mines. Goldman Targets $5,400 Gold by Year-End Gold Price Forecast from Thomas Kaplan
• Positive Sentiment: Unusually heavy call-option activity indicates increased bullish positioning around GLD. Traders bought nearly 535,000 call options, approximately 76% above typical volume, although options activity is a sentiment indicator rather than a fundamental change. Traders Purchase High Volume of Call Options on SPDR Gold Shares
• Neutral Sentiment: Gold pulled back from recent highs as traders took profits following the powerful rally. This created near-term resistance for GLD even as technical momentum remains constructive. Gold, Silver and Platinum Forecasts
• Negative Sentiment: Stronger-than-expected U.S. jobless claims and Philadelphia Fed manufacturing data reduced expectations for near-term rate relief. Recovering Treasury yields and Federal Reserve minutes indicating support for another rate increase could pressure gold and GLD if sustained. Gold Tests $4,450 as Economic Data Raises Rate Risk

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.