Allegheny Financial Group Sells 2,436 Shares of SPDR Gold Shares $GLD

Allegheny Financial Group cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 51.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,298 shares of the exchange traded fund’s stock after selling 2,436 shares during the period. Allegheny Financial Group’s holdings in SPDR Gold Shares were worth $817,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC increased its position in SPDR Gold Shares by 31,232.8% in the second quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock worth $890,837,000 after buying an additional 2,913,079 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of SPDR Gold Shares by 108.1% during the 2nd quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock worth $327,500,000 after acquiring an additional 559,507 shares during the period. TD Asset Management Inc grew its stake in shares of SPDR Gold Shares by 108.4% during the 2nd quarter. TD Asset Management Inc now owns 685,151 shares of the exchange traded fund’s stock worth $208,855,000 after acquiring an additional 356,401 shares during the period. Harvard Management Co. Inc. purchased a new stake in SPDR Gold Shares in the 2nd quarter worth about $101,508,000. Finally, Quadrature Capital Ltd bought a new stake in SPDR Gold Shares in the 2nd quarter valued at about $99,996,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 1.0%

NYSEARCA GLD opened at $462.40 on Wednesday. The company has a market cap of $175.76 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 52 week low of $261.25 and a 52 week high of $509.70. The firm’s 50-day simple moving average is $421.45 and its two-hundred day simple moving average is $374.03.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: Fed rate‑cut prospects and easing expectations are supporting bullion’s appeal as a non‑yielding asset, a driver that typically boosts demand for GLD. Gold Rises Amid Fed Rate-Cut Prospects
• Positive Sentiment: UBS projects materially higher end‑of‑year gold (US$5,900/oz) on Fed easing and central bank/sovereign buying — bullish institutional forecasts can lift ETF flows into GLD. Gold will hit $5,900/oz by year end on Fed easing, sovereign buying – UBS
• Positive Sentiment: Analysts and industry notes argue recent drawdowns are tactical rather than regime shifts, implying pullbacks may be buying opportunities for long‑term allocations to gold/GLD. Gold’s most extreme drawdowns signal tactical reassessments, not durable regime shifts – WisdomTree’s Gannatti
• Positive Sentiment: Structural demand themes — tokenized gold/liquidity changes and central‑bank buying — continue to be cited as supportive for the bullion market and could increase ETF flows over time. Tokenized gold is having a major impact on the broader bullion market – SocGen
• Neutral Sentiment: Macro and technical reports show gold is volatile but remains a portfolio diversifier — this supports longer‑term interest in GLD while allowing short‑term swings. Gold can be volatile, but it’s still an important portfolio diversifier, says MarketVector’s Yang
• Neutral Sentiment: Technical analysts show mixed signals: $5,000 area is a key battleground — a decisive break higher would be bullish, while failure opens room for corrective moves that affect short‑term GLD flows. Gold (XAUUSD) Price Forecast: Is the Gold Market Coiling for a Breakout Rally?
• Negative Sentiment: Near‑term profit‑taking and technical corrections have been cited as reasons for recent weakness, pressuring spot gold and ETF sellers like GLD. Gold Falls on Possible Technical Correction
• Negative Sentiment: Official warnings (e.g., Treasury calling gold a “bubble”) and headline skepticism can dampen speculative flows and retail interest, adding downward pressure on GLD during volatile windows. Treasury calls gold a ‘bubble’ while banks target $6,000: Feneck warns of ‘commodity war’

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.