SPDR Gold Shares $GLD Shares Sold by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 17.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,155 shares of the exchange traded fund’s stock after selling 7,118 shares during the period. SPDR Gold Shares accounts for about 1.1% of Levin Capital Strategies L.P.’s investment portfolio, making the stock its 29th largest holding. Levin Capital Strategies L.P.’s holdings in SPDR Gold Shares were worth $14,697,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLD. Brighton Jones LLC boosted its stake in SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after purchasing an additional 1,903 shares in the last quarter. Bison Wealth LLC boosted its stake in SPDR Gold Shares by 77.8% during the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after buying an additional 2,600 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in SPDR Gold Shares during the first quarter valued at about $16,014,000. Schnieders Capital Management LLC. grew its holdings in SPDR Gold Shares by 4.8% during the second quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock worth $1,829,000 after acquiring an additional 275 shares during the period. Finally, Prudential Financial Inc. acquired a new position in SPDR Gold Shares during the second quarter worth about $337,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.1%

Shares of SPDR Gold Shares stock opened at $379.12 on Thursday. The company’s 50-day moving average price is $390.21 and its two-hundred day moving average price is $424.38. SPDR Gold Shares has a 52 week low of $300.95 and a 52 week high of $509.70. The stock has a market cap of $133.07 billion, a PE ratio of -32.43 and a beta of 0.17.

Trending Headlines about SPDR Gold Shares

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

• Positive Sentiment: Gold climbed to a two-week high as a softer dollar helped lift bullion, giving GLD a direct tailwind as the ETF tracks spot gold prices. Update: Gold Rises to Two-Week High as Weaker Dollar Boosts Prices
• Positive Sentiment: Gold rallied above $4,120 and approached $4,160 as technical buying and defensive demand outweighed higher Treasury yields and firmer crude oil, signaling improving near-term momentum for bullion-backed funds like GLD. Gold rallies as buyers test $4,160, oil lifts yields – Kitco PM Report
• Positive Sentiment: Several analysts said gold has broken key technical resistance and could have more upside if it clears the next resistance zone near $4,203, reinforcing bullish sentiment around GLD. Gold (XAU/USD) Price Forecast: Breakout Opens the Door to Higher Targets
• Positive Sentiment: Investor commentary from John Paulson and others highlighted a long-term bull case for gold, with central bank buying and broader private demand seen as structural support for bullion prices. John Paulson says we are in the early stages of a long-term bull market for gold
• Neutral Sentiment: Some reports noted that geopolitical tensions, rising rates, and higher yields are still conflicting forces, so GLD’s near-term path may depend on whether safe-haven buying continues to outweigh macro headwinds. Rising economic fears weakening inflation’s stranglehold on gold prices – CRU

About SPDR Gold Shares

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.