Allworth Financial LP Decreases Position in SPDR Gold Shares $GLD

Allworth Financial LP lessened its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 113,979 shares of the exchange traded fund’s stock after selling 1,529 shares during the period. Allworth Financial LP’s holdings in SPDR Gold Shares were worth $40,516,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GLD. Brighton Jones LLC increased its holdings in SPDR Gold Shares by 20.4% in the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after buying an additional 1,903 shares in the last quarter. Bison Wealth LLC raised its position in SPDR Gold Shares by 77.8% in the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after buying an additional 2,600 shares during 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 1st quarter valued at about $16,014,000. Schnieders Capital Management LLC. lifted its stake in SPDR Gold Shares by 4.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock valued at $1,829,000 after acquiring an additional 275 shares during the period. Finally, Rothschild Investment LLC boosted its holdings in shares of SPDR Gold Shares by 9.1% during the 2nd quarter. Rothschild Investment LLC now owns 2,168 shares of the exchange traded fund’s stock valued at $661,000 after acquiring an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 3.2%

Shares of GLD stock opened at $444.74 on Thursday. The company has a 50 day moving average price of $456.97 and a 200-day moving average price of $402.37. SPDR Gold Shares has a 52 week low of $272.58 and a 52 week high of $509.70. The firm has a market capitalization of $169.05 billion, a PE ratio of -32.43 and a beta of 0.09.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Short-term technical bounce noted in early trade, offering a potential recovery if buyers step in after recent declines. Gold Rises on Likely Technical Recovery
• Positive Sentiment: Fed left rates unchanged but signaled lower rates later this year in some commentary — a narrative that, if it persists, supports gold as a real-rate sensitive asset. Gold prices remain stuck below $5k as Federal leaves rates unchanged still sees lower rates this year
• Neutral Sentiment: Analysts and commentators remain split — some see further upside for gold while others warn of an overcrowded trade; this keeps GLD sensitive to weekly news flow and positioning. Some Experts See More Gains for Gold Ahead—but Others Warn of an ‘Overcrowded’ Trade
• Neutral Sentiment: Longer-term bullish narratives (calls for higher multi-year targets) remain in the background but are unlikely to stop near-term volatility tied to macro prints and Fed messaging. Gold is still on a path to $6,000, and has five-digit price potential if belief in the global financial system breaks down – CRU Group
• Negative Sentiment: Technical damage: multiple outlets report gold and GLD breaking below the 50-day moving average, signaling further near-term downside risk if sellers persist. Gold (XAU/USD) Price Forecast: Bearish Momentum Pushes Below 50-Day Average
• Negative Sentiment: Market reaction to hot US inflation/PPI readings pressured gold as real rates and the dollar ticked up, a direct headwind for GLD. Hot US inflation report sinks gold, silver
• Negative Sentiment: Headline coverage of a sharp intraday gold drop and GLD dipping under its 50-day MA highlights increased selling pressure and near-term technical risk for the ETF. Gold drops below $5,000 and GLD dips below its 50-day moving average
• Negative Sentiment: Commodity/metal sell-offs tied to oil spikes and positioning (miners and other metals under pressure) add cross-commodity risk that can exacerbate gold weakness if traders favor dollar/bonds. Fresnillo other miners slide as gold, silver and copper prices tumble as oil spikes

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.