Enclave Advisors LLC Buys 1,888 Shares of SPDR Gold Shares $GLD

Enclave Advisors LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,888 shares of the exchange traded fund’s stock, valued at approximately $719,000.

A number of other hedge funds and other institutional investors have also modified their holdings of GLD. City Holding Co. grew its stake in SPDR Gold Shares by 41.6% in the second quarter. City Holding Co. now owns 22,914 shares of the exchange traded fund’s stock valued at $8,441,000 after purchasing an additional 6,733 shares in the last quarter. DDFG Inc raised its stake in shares of SPDR Gold Shares by 57.5% during the 2nd quarter. DDFG Inc now owns 48,753 shares of the exchange traded fund’s stock worth $17,959,000 after purchasing an additional 17,793 shares in the last quarter. Arcus Capital Partners LLC lifted its holdings in shares of SPDR Gold Shares by 90.3% during the 1st quarter. Arcus Capital Partners LLC now owns 8,442 shares of the exchange traded fund’s stock valued at $3,633,000 after buying an additional 4,005 shares during the last quarter. Cidel Asset Management Inc. lifted its holdings in shares of SPDR Gold Shares by 69.8% during the 1st quarter. Cidel Asset Management Inc. now owns 3,368 shares of the exchange traded fund’s stock valued at $1,449,000 after buying an additional 1,384 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in shares of SPDR Gold Shares by 1.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 2,491,623 shares of the exchange traded fund’s stock valued at $917,864,000 after buying an additional 35,882 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $381.67 on Wednesday. The stock has a market cap of $140.91 billion, a price-to-earnings ratio of -32.43 and a beta of 0.18. The business has a 50 day simple moving average of $398.09 and a 200 day simple moving average of $401.25. SPDR Gold Shares has a 52 week low of $360.12 and a 52 week high of $509.70.

More SPDR Gold Shares News

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

• Positive Sentiment: Gold has remained relatively resilient near $4,160–$4,170 per ounce despite elevated bond yields and a firm dollar. Continued investment demand for gold-backed ETFs, including record quarterly inflows of roughly $31 billion across the sector, provides underlying support for GLD. Gold ETF demand defies rising bond yields
• Positive Sentiment: A softer U.S. dollar, lower Treasury yields and retreating oil prices briefly supported precious metals before the inflation report, while gold’s ability to hold above approximately $4,155 signals continuing safe-haven and investment interest. Gold firms as dollar, yields and oil retreat
• Neutral Sentiment: Markets are waiting for U.S. CPI data for clearer guidance on the Federal Reserve’s rate path. A softer-than-expected reading could revive gold, while hotter inflation could reinforce expectations for tighter policy. Gold Steady Ahead of U.S. Inflation Data
• Neutral Sentiment: Technical analysts identify support near $4,066 and resistance around $4,226. A move above resistance could signal a trend reversal, but failure to hold support would indicate additional downside risk for GLD. Gold price forecast and technical levels
• Negative Sentiment: Front-end Treasury yields and the risk of another Federal Reserve rate hike are encouraging traders to cut positions in non-yielding gold ahead of CPI. Higher yields increase the opportunity cost of holding GLD. Metals weaken as yields and Fed hike risk rise
• Negative Sentiment: Kazakhstan plans to sell part of its unusually large gold reserves while favoring attractive dollar assets, potentially adding supply and removing a source of central-bank buying support for bullion. Kazakhstan plans gold sales
• Negative Sentiment: Analysts continue to warn that persistent inflation, elevated yields and a strong dollar could keep gold’s broader downtrend intact. Weakness in silver, including forecasts for a possible move toward $50, also reflects reduced appetite for precious metals. Gold needs a dovish Fed to reverse its downtrend

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.