Allworth Financial LP Reduces Stock Holdings in SPDR Gold Shares $GLD

Allworth Financial LP lessened its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 13.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,378 shares of the exchange traded fund’s stock after selling 15,765 shares during the quarter. Allworth Financial LP’s holdings in SPDR Gold Shares were worth $38,451,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GLD. Anchor Capital Advisors LLC boosted its stake in SPDR Gold Shares by 4,515.5% in the second quarter. Anchor Capital Advisors LLC now owns 42,601 shares of the exchange traded fund’s stock valued at $15,694,000 after acquiring an additional 41,678 shares in the last quarter. Second Line Capital LLC increased its position in shares of SPDR Gold Shares by 14.5% during the second quarter. Second Line Capital LLC now owns 1,591 shares of the exchange traded fund’s stock worth $586,000 after purchasing an additional 201 shares in the last quarter. Range Advisory LLC increased its position in shares of SPDR Gold Shares by 38.6% during the second quarter. Range Advisory LLC now owns 1,292 shares of the exchange traded fund’s stock worth $476,000 after purchasing an additional 360 shares in the last quarter. Tucker Asset Management LLC purchased a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at about $863,000. Finally, Amundi lifted its holdings in shares of SPDR Gold Shares by 0.9% in the 2nd quarter. Amundi now owns 12,293 shares of the exchange traded fund’s stock valued at $4,528,000 after purchasing an additional 111 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

Trending Headlines about SPDR Gold Shares

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

• Positive Sentiment: China’s central bank purchased 20.2 metric tonnes of gold in August, its largest monthly addition since October 2023. Continued official-sector buying strengthens the fundamental demand outlook for gold and GLD. China’s central bank buys 20.2 tonnes of gold in August
• Positive Sentiment: Société Générale said physical gold, futures and options positioning are building in tandem, indicating broad-based bullish participation. Goldman Sachs’ metals chief also characterized the recent weakness as a pause and said the broader bull trend is likely to resume, potentially supporting GLD over the medium term. Société Générale gold positioning analysis Goldman Sachs gold outlook
• Neutral Sentiment: Gold remains in a tight consolidation range ahead of U.S. PPI and CPI reports. A breakout above roughly $4,500–$4,511 could renew upward momentum, while the 50-day average is providing technical support. Gold price breakout forecast
• Negative Sentiment: Rising crude oil prices and Treasury yields have kept the Fed-hike trade active, increasing the opportunity cost of holding gold. Strong U.S. employment data and concerns about sticky inflation are reinforcing expectations for tighter monetary policy, weighing on GLD in the near term. Gold price slides as oil and yields rise
• Negative Sentiment: Although renewed U.S.-Iran tensions and dollar weakness offer safe-haven support, those factors were not strong enough to offset rate-hike concerns ahead of the inflation data. A hotter-than-expected CPI could create additional pressure on gold and GLD. Gold moves lower on hawkish Fed expectations

SPDR Gold Shares Trading Down 1.7%

Shares of NYSEARCA GLD traded down $7.05 during trading hours on Tuesday, reaching $399.72. The stock had a trading volume of 8,924,573 shares, compared to its average volume of 12,126,423. The firm has a 50-day moving average of $389.73 and a 200-day moving average of $413.98. The firm has a market cap of $141.14 billion, a price-to-earnings ratio of -32.43 and a beta of 0.19. SPDR Gold Shares has a fifty-two week low of $326.19 and a fifty-two week high of $509.70.

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.