Greenbush Financial Group LLC reduced its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 11.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,945 shares of the exchange traded fund’s stock after selling 4,813 shares during the quarter. SPDR Gold Shares comprises approximately 5.4% of Greenbush Financial Group LLC’s portfolio, making the stock its 7th largest holding. Greenbush Financial Group LLC’s holdings in SPDR Gold Shares were worth $16,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of GLD. Brighton Jones LLC grew 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 worth $2,723,000 after buying an additional 1,903 shares during the last quarter. Bison Wealth LLC lifted its stake in SPDR Gold Shares by 77.8% in 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in SPDR Gold Shares in the first quarter valued at approximately $16,014,000. Schnieders Capital Management LLC. boosted its holdings in shares of SPDR Gold Shares by 4.8% in the second 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, Prudential Financial Inc. acquired a new stake in shares of SPDR Gold Shares in the second quarter valued at approximately $337,000. 42.19% of the stock is owned by hedge funds and other institutional investors.
SPDR Gold Shares Trading Down 0.7%
Shares of GLD opened at $384.59 on Tuesday. The company’s 50 day simple moving average is $416.51 and its 200-day simple moving average is $428.23. The firm has a market cap of $139.88 billion, a PE ratio of -32.43 and a beta of 0.14. SPDR Gold Shares has a 12-month low of $299.89 and a 12-month high of $509.70.
Trending Headlines about SPDR Gold Shares
- Positive Sentiment: Gold rebounded above the $4,200 level as traders balanced lower oil prices, easing energy-related risks, and renewed buying interest after the recent pullback. Gold rebounds above $4,200 as markets weigh Fed hike risk, Iran progress – Kitco AM Report
- Positive Sentiment: Several commentators framed the recent drop in gold as a buying opportunity, with Peter Schiff saying the selloff could be an entry point rather than a reason to exit. Gold Just Dropped $68. Peter Schiff Says That’s Your Buy Signal.
- Neutral Sentiment: Gold remains highly sensitive to geopolitics and monetary policy, with recent reports noting that prices can swing on changes in Iran-related tensions and Fed expectations. Gold Rises; Direction Seen Led by Geopolitics, Monetary Policy
- Neutral Sentiment: Gold attempted to rebound despite rising Treasury yields, but the move suggests traders are still debating whether the recent pullback is temporary or the start of a deeper correction. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Attempts To Rebound Despite Rising Treasury Yields
- Negative Sentiment: The dollar’s breakout and firm Treasury yields are keeping gold under pressure, which is a headwind for GLD because bullion prices often move inversely to real rates and the U.S. currency. Gold and Silver Price Forecast: Dollar Breakout Keeps Metals Under Pressure
- Negative Sentiment: Morgan Stanley warned gold may struggle to reach its bullish 2026 target without a strong rebound in ETF inflows, while Bank of America said higher Fed tightening bias is making the outlook more difficult in the near term. Gold price will struggle to reach $5,200/oz in 2026 without strong ETF inflows – Morgan Stanley Bank of America says gold can still hit $6,000, just not anytime soon
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.
See Also
- Five stocks we like better than SPDR Gold Shares
- Buy CrowdStrike Before the Stock Split? Here’s the Case
- Investors Are Buying Into Sweetgreen Again—Should They?
- Burlington Is Winning Over Shoppers But Investors Need Patience
- USA Today’s Digital Revival Is Gaining Steam, But With Plenty of Risk
Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.
