First Horizon Corp Trims Stake in SPDR Gold Shares $GLD

First Horizon Corp lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 4.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 67,592 shares of the exchange traded fund’s stock after selling 2,786 shares during the period. SPDR Gold Shares accounts for approximately 1.2% of First Horizon Corp’s holdings, making the stock its 17th biggest holding. First Horizon Corp’s holdings in SPDR Gold Shares were worth $29,084,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Brighton Jones LLC raised its holdings 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 period. Bison Wealth LLC boosted its holdings 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 valued at $1,438,000 after purchasing an additional 2,600 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of SPDR Gold Shares in the first quarter valued at about $16,014,000. Schnieders Capital Management LLC. raised its holdings in SPDR Gold Shares by 4.8% in 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 in the last quarter. Finally, Prudential Financial Inc. bought a new stake in shares of SPDR Gold Shares in the 2nd quarter worth approximately $337,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.0%

Shares of NYSEARCA GLD opened at $378.18 on Friday. SPDR Gold Shares has a one year low of $300.95 and a one year high of $509.70. The firm has a market capitalization of $132.63 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. The business has a fifty day simple moving average of $400.42 and a 200 day simple moving average of $426.56.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: Gold traded higher as the U.S. dollar and Treasury yields eased, while renewed fighting in the Middle East boosted demand for safe-haven assets. Update: Gold Moves Higher as Dollar, Yields Drop as Middle East Fighting Resumes
• Positive Sentiment: Gold reclaimed support above $4,100 an ounce and pushed to session highs after weaker U.S. existing home sales data, reinforcing expectations that the metal can attract fresh momentum. Gold price pushes to session highs as U.S. existing home sales drop 2.4%
• Positive Sentiment: Several market strategists said the recent pullback looks like a pause in a longer-term bull market, arguing that central bank buying and portfolio demand continue to support gold and gold-backed funds like GLD. Gold had a rough Q2, but central bank demand will push prices higher through 2026 – Invesco
• Neutral Sentiment: Analysts remain mixed on the near-term setup, with some saying gold may stay rangebound through the summer unless it breaks key resistance levels. Gold prices will be rangebound through the summer – Metals Focus
• Negative Sentiment: Hawkish Federal Reserve minutes, firmer Treasury yields, and rising oil prices have recently pressured gold by increasing the opportunity cost of holding bullion and reviving inflation concerns. Gold slides as Fed minutes, Hormuz oil spike lift yields – Kitco PM Report
• Negative Sentiment: ETF outflows in June show some investors have been reducing gold exposure as expectations for higher rates weigh on sentiment, which could limit upside for GLD if bond yields stay elevated. Investors flee gold ETFs in June as hawkish Fed expectations drive liquidation

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.