Trilogy Capital Inc. grew its position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 11.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,753 shares of the exchange traded fund’s stock after acquiring an additional 10,718 shares during the quarter. SPDR Gold Shares accounts for about 1.5% of Trilogy Capital Inc.’s holdings, making the stock its 16th largest position. Trilogy Capital Inc.’s holdings in SPDR Gold Shares were worth $38,221,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. WPG Advisers LLC bought a new position in SPDR Gold Shares in the fourth quarter worth $25,000. Timmons Wealth Management LLC acquired a new position in SPDR Gold Shares in the fourth quarter worth about $26,000. Eukles Asset Management acquired a new position in SPDR Gold Shares in the fourth quarter worth about $27,000. Private Wealth Management Group LLC bought a new position in SPDR Gold Shares during the first quarter worth about $30,000. Finally, Parvin Asset Management LLC bought a new position in SPDR Gold Shares during the first quarter worth about $31,000. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares News Roundup
Here are the key news stories impacting SPDR Gold Shares this week:
- Positive Sentiment: A sharp decline in crude oil prices is easing inflation pressure and pushing Treasury yields lower, which reduces the opportunity cost of holding non-yielding gold. Tentative U.S.-Iran diplomacy has also reduced geopolitical risk without eliminating demand for precious metals. Gold steadies as oil slump cools inflation pressure, equities rally
- Positive Sentiment: Analysts at abrdn view gold’s ability to hold the $4,000 level as evidence that its longer-term bull-market structure remains intact, potentially making the correction attractive for strategic buyers. Gold’s $4,000 floor offers compelling value
- Positive Sentiment: Structural demand remains a tailwind: Tether purchased roughly 14 metric tonnes of gold in the second quarter, bringing its reserves above 146 tonnes, while central-bank buying reached a quarterly record. This suggests strong physical demand beneath short-term ETF selling and yield-driven weakness.
- Neutral Sentiment: Investors are awaiting July nonfarm payrolls after the Federal Reserve held rates steady. A soft labor report could support gold through lower-rate expectations, while a strong report could strengthen the dollar and Treasury yields.
- Neutral Sentiment: Gold has recently benefited from a technical rebound, but its next direction depends more on the dollar, bond yields and economic data than on traditional safe-haven demand. Kalshi’s launch of short-term gold and silver prediction markets may increase trading activity but does not alter GLD’s fundamentals. Gold rises on technical rebound
- Negative Sentiment: Better-than-expected ISM manufacturing data is giving the Fed more room to focus on inflation, while a rebounding U.S. dollar has pressured gold despite lower yields. GLD also faces periodic outflows as investors favor higher-yielding assets.
SPDR Gold Shares Trading Up 0.0%
SPDR Gold Shares Company Profile
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.
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