1,749 SPDR Gold Shares $GLD Shares Purchased by Townsend & Associates Inc

Townsend & Associates Inc raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 109,120 shares of the exchange traded fund’s stock after purchasing an additional 1,749 shares during the period. SPDR Gold Shares accounts for approximately 3.6% of Townsend & Associates Inc’s portfolio, making the stock its 7th biggest holding. Townsend & Associates Inc’s holdings in SPDR Gold Shares were worth $41,685,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Aries Wealth Management increased its stake in shares of SPDR Gold Shares by 2.1% in the 3rd quarter. Aries Wealth Management now owns 14,420 shares of the exchange traded fund’s stock worth $5,492,000 after acquiring an additional 290 shares during the last quarter. Pullen Investment Management LLC boosted its position in shares of SPDR Gold Shares by 0.5% during the 3rd quarter. Pullen Investment Management LLC now owns 7,196 shares of the exchange traded fund’s stock valued at $2,741,000 after acquiring an additional 33 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its position in shares of SPDR Gold Shares by 11.6% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 30,191 shares of the exchange traded fund’s stock valued at $11,498,000 after acquiring an additional 3,144 shares during the last quarter. Dedeker Financial LLC acquired a new position in shares of SPDR Gold Shares during the 3rd quarter valued at about $3,112,000. Finally, Total Wealth Planning & Management Inc. grew its holdings in shares of SPDR Gold Shares by 1.2% in the third quarter. Total Wealth Planning & Management Inc. now owns 3,088 shares of the exchange traded fund’s stock valued at $1,176,000 after purchasing an additional 38 shares during the period. 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: Falling U.S. Treasury yields and rising inflation expectations could eventually support gold by increasing demand for an inflation hedge and reducing the opportunity cost of holding a non-yielding asset. The October 28 Federal Reserve decision is the next major catalyst. Gold Defends $4,000 After Bounce as Fed Signals Take Center Stage
• Positive Sentiment: Some analysts view the current selloff as a temporary delay rather than the end of gold’s longer-term advance, citing geopolitical risks, elevated gold prices and strong mining-sector cash flows. War in Iran, higher energy prices are only delaying gold’s rally
• Neutral Sentiment: GLD remains a widely watched vehicle for gaining direct exposure to gold during market volatility. Its future direction will likely depend on whether easing-rate expectations and geopolitical demand outweigh inflation-driven pressure on bonds and interest rates. Gold ETFs to Watch Amid Fed Rate Hike & Oil Risks
• Negative Sentiment: Crude oil’s rise amid renewed Middle East and Hormuz tensions is increasing inflation concerns and reinforcing expectations for additional Fed tightening. That combination has pressured gold and other precious metals despite lower Treasury yields. Gold heads for steep weekly loss as Hormuz tensions lift crude
• Negative Sentiment: Gold has broken below the $4,000 support area, with technical analysts warning that further weakness could expose support near $3,942 and other lower Fibonacci levels. Strong U.S. activity data and better-than-expected consumer sentiment are also reducing immediate safe-haven demand. Gold Price Forecast: Bearish Momentum Puts Major Support at Risk

SPDR Gold Shares Stock Performance

Shares of GLD opened at $366.61 on Monday. The firm has a 50-day moving average price of $394.61 and a 200 day moving average price of $398.63. The firm has a market capitalization of $135.98 billion, a P/E ratio of -32.43 and a beta of 0.18. SPDR Gold Shares has a 12-month low of $360.12 and a 12-month high of $509.70.

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.