5,890 SPDR Gold Shares $GLD Shares Sold by MMA Asset Management LLC

MMA Asset Management LLC lessened its position in SPDR Gold Shares (NYSEARCA:GLD) by 54.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,968 shares of the exchange traded fund’s stock after selling 5,890 shares during the quarter. MMA Asset Management LLC’s holdings in SPDR Gold Shares were worth $1,892,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Parvin Asset Management LLC bought a new position in SPDR Gold Shares during the 1st quarter valued at about $31,000. Livelsberger Financial Advisory purchased a new stake in SPDR Gold Shares in the 3rd quarter worth about $30,000. NBH Bank bought a new stake in SPDR Gold Shares in the second quarter worth about $41,000. IMG Wealth Management Inc. lifted its stake in SPDR Gold Shares by 440.9% in the third quarter. IMG Wealth Management Inc. now owns 119 shares of the exchange traded fund’s stock worth $45,000 after purchasing an additional 97 shares during the last quarter. Finally, RHL Group LLC lifted its stake in SPDR Gold Shares by 48.9% in the second quarter. RHL Group LLC now owns 131 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 43 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $375.49 on Friday. SPDR Gold Shares has a 1 year low of $354.67 and a 1 year high of $509.70. The business has a 50 day simple moving average of $385.96 and a two-hundred day simple moving average of $411.85. The firm has a market capitalization of $137.09 billion, a PE ratio of -32.43 and a beta of 0.20.

Trending Headlines about SPDR Gold Shares

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

• Positive Sentiment: Gold’s rally continued, with reports citing softer yields and a weaker dollar as drivers. The World Bank also expects gold to stay above $4,000 an ounce through 2028, while central-bank purchases remain a source of demand. Gold climbs above $4,100 as falling yields, softer labor costs support bullion World Bank gold outlook
• Neutral Sentiment: Technical commentary described a possible bullish reversal after gold reclaimed resistance, but noted that the broader downtrend and resistance levels could constrain the recovery. Gold bullish reversal forecast
• Negative Sentiment: Elevated real yields and upcoming U.S. jobs data could weaken gold’s momentum if they bolster expectations for tighter monetary policy. Gold also faces resistance near $4,200. Gold faces $4,200 barrier

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.