SPDR Gold Shares $GLD Shares Purchased by Whittier Trust Co.

Whittier Trust Co. grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 20.3% during the third quarter, HoldingsChannel reports. The firm owned 23,758 shares of the exchange traded fund’s stock after buying an additional 4,001 shares during the period. Whittier Trust Co.’s holdings in SPDR Gold Shares were worth $8,497,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cheviot Value Management LLC lifted its position in shares of SPDR Gold Shares by 9.9% during the third quarter. Cheviot Value Management LLC now owns 434 shares of the exchange traded fund’s stock worth $158,000 after purchasing an additional 39 shares in the last quarter. CIBC Asset Management Inc increased its stake in SPDR Gold Shares by 2.9% during the 3rd quarter. CIBC Asset Management Inc now owns 2,926 shares of the exchange traded fund’s stock worth $1,040,000 after buying an additional 82 shares during the period. Patten & Patten Inc. TN increased its stake in SPDR Gold Shares by 33.6% during the 3rd quarter. Patten & Patten Inc. TN now owns 29,318 shares of the exchange traded fund’s stock worth $10,422,000 after buying an additional 7,368 shares during the period. BLB&B Advisors LLC lifted its holdings in SPDR Gold Shares by 13.8% in the 3rd quarter. BLB&B Advisors LLC now owns 3,684 shares of the exchange traded fund’s stock worth $1,310,000 after buying an additional 448 shares in the last quarter. Finally, Frazier Financial Advisors LLC boosted its position in SPDR Gold Shares by 77.1% in the 3rd quarter. Frazier Financial Advisors LLC now owns 209 shares of the exchange traded fund’s stock valued at $74,000 after buying an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $458.00 on Monday. SPDR Gold Shares has a 1-year low of $251.92 and a 1-year high of $458.75. The company has a market capitalization of $172.57 billion, a PE ratio of -32.43 and a beta of 0.09. The business has a 50-day moving average of $401.91 and a 200-day moving average of $361.17.

SPDR Gold Shares News Summary

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

• Positive Sentiment: Spot gold hit and extended record highs above $5,000–$5,100/oz, fueling demand for GLD as investors seek a hedge against market volatility. Gold races to $5,100 record peak on safe-haven demand
• Positive Sentiment: Heightened political and geopolitical shocks — and headlines citing a “crisis of confidence” in U.S. policy — are pushing investors and central banks into gold, supporting ETF inflows that benefit GLD. Gold Surges Past $5,000 To Historic High As ‘Crisis Of Confidence’ In Trump Administration Rattles Global Markets
• Neutral Sentiment: Macro drivers cited include U.S. dollar weakness and shifting Fed expectations; these can sustain gold but also introduce sensitivity to any rapid policy or currency reversals. Gold (XAUUSD) Breaks $5,000 as US Dollar Crashes – Silver Surges Above $100
• Neutral Sentiment: Rising gold is also lifting miners and related ETFs; GLD benefits from bullion flows but differs from miners (GDX) which carry equity and operational risk. The Gold Rush Continues: GDX’s Amplified Bet vs. GLD’s Steady Hold
• Negative Sentiment: The rapid, headline-driven rally raises the risk of short-term profit-taking and volatility; a USD rebound or hawkish Fed surprise could quickly reverse gains for GLD.

About SPDR Gold Shares

(Free Report)

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
• This coin has everything going for it
• Refund From 1933: Trump’s Reset May Create Instant Wealth
• Buy This Stock at 9:30 AM on MONDAY!
• What Expenses Can Be Deducted From Capital Gains Tax?
• A U.S. “birthright” claim worth trillions – activated quietly

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).