McAdam LLC raised its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 263.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,417 shares of the exchange traded fund’s stock after acquiring an additional 5,374 shares during the period. McAdam LLC’s holdings in SPDR Gold Shares were worth $2,732,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. WPG Advisers LLC purchased a new position in SPDR Gold Shares during the fourth quarter worth approximately $25,000. Timmons Wealth Management LLC purchased a new position in SPDR Gold Shares during the fourth quarter worth about $26,000. Chapman Financial Group LLC purchased a new position in SPDR Gold Shares during the second quarter worth about $26,000. Eukles Asset Management acquired a new position in SPDR Gold Shares in the 4th quarter valued at about $27,000. Finally, Private Wealth Management Group LLC purchased a new stake in shares of SPDR Gold Shares in the 1st quarter valued at approximately $30,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.
Key SPDR Gold Shares News
Here are the key news stories impacting SPDR Gold Shares this week:
- Positive Sentiment: The U.S. Treasury unexpectedly doubled its purchases of long-dated Treasury bonds, pushing yields and the dollar lower. Because gold does not pay interest, falling yields generally improve its relative appeal and helped drive the sharp rally in gold measured by GLD. Gold Jumps 3% as Bessent’s Treasury Steps Into Bond Rout
- Positive Sentiment: Analysts continue to present a bullish long-term outlook. Goldman Sachs reportedly targets $5,400 gold by year-end, while Electrum Chairman Thomas Kaplan forecasts substantially higher prices over time, citing monetary risks and potential government intervention in profitable mines. Goldman Targets $5,400 Gold by Year-End Gold Price Forecast from Thomas Kaplan
- Positive Sentiment: Unusually heavy call-option activity indicates increased bullish positioning around GLD. Traders bought nearly 535,000 call options, approximately 76% above typical volume, although options activity is a sentiment indicator rather than a fundamental change. Traders Purchase High Volume of Call Options on SPDR Gold Shares
- Neutral Sentiment: Gold pulled back from recent highs as traders took profits following the powerful rally. This created near-term resistance for GLD even as technical momentum remains constructive. Gold, Silver and Platinum Forecasts
- Negative Sentiment: Stronger-than-expected U.S. jobless claims and Philadelphia Fed manufacturing data reduced expectations for near-term rate relief. Recovering Treasury yields and Federal Reserve minutes indicating support for another rate increase could pressure gold and GLD if sustained. Gold Tests $4,450 as Economic Data Raises Rate Risk
SPDR Gold Shares Stock Performance
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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