Kestra Advisory Services LLC Buys 33,874 Shares of SPDR Gold Shares $GLD

Kestra Advisory Services LLC grew its stake in SPDR Gold Shares (NYSEARCA:GLD) by 9.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 400,142 shares of the exchange traded fund’s stock after buying an additional 33,874 shares during the quarter. Kestra Advisory Services LLC’s holdings in SPDR Gold Shares were worth $152,390,000 as of its most recent filing with the Securities and Exchange Commission.

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

SPDR Gold Shares Stock Performance

GLD opened at $375.49 on Friday. SPDR Gold Shares has a fifty-two week low of $354.67 and a fifty-two week high of $509.70. The company has a fifty day moving average of $385.96 and a two-hundred day moving average of $411.85. The stock has a market capitalization of $137.09 billion, a price-to-earnings ratio of -32.43 and a beta of 0.20.

More SPDR Gold Shares News

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 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.