SPDR Gold Shares (NYSEARCA:GLD) Sets New 52-Week High – Still a Buy?

Posted by Paula Ricardo on Mar 27th, 2025

Shares of SPDR Gold Shares (NYSEARCA:GLD – Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $282.07 and last traded at $281.81, with a volume of 3135889 shares trading hands. The stock had previously closed at $278.24.

SPDR Gold Shares Trading Up 1.1 %

The stock has a market cap of $84.52 billion, a PE ratio of -29.30 and a beta of 0.20. The company’s 50 day moving average is $266.32 and its 200-day moving average is $252.19.

Institutional Investors Weigh In On SPDR Gold Shares

Hedge funds have recently bought and sold shares of the business. Truvestments Capital LLC bought a new stake in shares of SPDR Gold Shares in the 3rd quarter worth about $85,000. Avestar Capital LLC acquired a new position in SPDR Gold Shares in the third quarter worth about $211,000. Townsquare Capital LLC raised its stake in SPDR Gold Shares by 10.2% during the third quarter. Townsquare Capital LLC now owns 19,969 shares of the exchange traded fund’s stock valued at $4,854,000 after buying an additional 1,846 shares in the last quarter. Cynosure Group LLC lifted its holdings in SPDR Gold Shares by 125.5% during the 3rd quarter. Cynosure Group LLC now owns 48,521 shares of the exchange traded fund’s stock worth $11,794,000 after buying an additional 27,005 shares during the last quarter. Finally, Insight Wealth Partners LLC lifted its holdings in SPDR Gold Shares by 20.9% during the 3rd quarter. Insight Wealth Partners LLC now owns 3,401 shares of the exchange traded fund’s stock worth $827,000 after buying an additional 588 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Company Profile

(Get 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).