In its latest SEC filing for the third quarter, AE Wealth Management LLC reduced its holdings in SPDR Gold Shares by 3.7%, disposing of 2,728 ETF shares. Following the sale, the firm holds 70,859 shares of GLD, representing a position valued at approximately $25.2 million. This adjustment reflects a modest rebalancing of the firm’s commodities exposure amidst broader portfolio shifts during the period.

Several smaller hedge funds initiated or expanded positions in SPDR Gold Shares during the first half of the year. Chapman Financial Group LLC took on an inaugural position valued at about $26,000 in Q2, while Steigerwald Gordon & Koch Inc. added $31,000 worth of shares in Q3. Kilter Group LLC and Traub Capital Management LLC each acquired roughly $34,000 of GLD during Q2, and First Command Advisory Services Inc. entered with a $43,000 stake in the same period. Collectively, institutional and hedge fund investors now control 42.19% of the trust’s outstanding shares.

SPDR Gold Shares operates as an investment trust whose objective is to mirror the performance of gold bullion, net of expenses. The Trust facilitates the creation and redemption of shares in batches of 100,000, transacted exclusively with authorized participants. Each creation or redemption involves the delivery or receipt of the equivalent amount of physical gold and any associated cash adjustments based on the trust’s net asset value on the transaction date. This mechanism ensures that the supply of ETF shares aligns closely with underlying bullion holdings.