SkyView Investment Advisors LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 1,196.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 6,170 shares of the exchange traded fund’s stock after purchasing an additional 5,694 shares during the period. SPDR Gold Shares makes up approximately 1.9% of SkyView Investment Advisors LLC’s portfolio, making the stock its 13th biggest holding. SkyView Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $2,273,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Talon Private Wealth LLC boosted its stake in shares of SPDR Gold Shares by 7.7% in the second quarter. Talon Private Wealth LLC now owns 1,708 shares of the exchange traded fund’s stock worth $629,000 after buying an additional 122 shares during the last quarter. Core Capital Management & Research inc. purchased a new position in SPDR Gold Shares during the second quarter valued at approximately $111,000. The Manufacturers Life Insurance Company raised its position in SPDR Gold Shares by 45.8% during the second quarter. The Manufacturers Life Insurance Company now owns 49,226 shares of the exchange traded fund’s stock valued at $18,134,000 after acquiring an additional 15,459 shares in the last quarter. MCF Advisors LLC lifted its stake in shares of SPDR Gold Shares by 9.5% in the 2nd quarter. MCF Advisors LLC now owns 971 shares of the exchange traded fund’s stock valued at $358,000 after purchasing an additional 84 shares during the period. Finally, Bienville Capital Management LLC lifted its stake in shares of SPDR Gold Shares by 70.3% in the 2nd quarter. Bienville Capital Management LLC now owns 14,826 shares of the exchange traded fund’s stock valued at $5,462,000 after purchasing an additional 6,120 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
Shares of NYSEARCA GLD opened at $392.84 on Tuesday. The company has a market capitalization of $138.71 billion, a PE ratio of -32.43 and a beta of 0.19. The company’s fifty day moving average price is $392.00 and its 200 day moving average price is $411.51. SPDR Gold Shares has a 1 year low of $333.81 and a 1 year high of $509.70.
SPDR Gold Shares News Roundup
- Positive Sentiment: A pullback in the 10-year Treasury yield from near 5% helped gold rebound from its session lows, providing temporary support for GLD. Gold, Silver, Platinum Forecasts – Gold Rebounds From Session Lows As Treasury Yields Pull Back
- Positive Sentiment: Longer-term demand remains supported by concerns about government debt, currency debasement and financial instability. Sprott’s Ryan McIntyre described gold as a “North Star,” suggesting structural investor demand could cushion further declines. Gold is the North Star in a world drowning in debt
- Neutral Sentiment: Geopolitical tensions and Middle East supply disruptions continue to generate safe-haven and inflation concerns, but those supports have so far been outweighed by interest-rate pressures. Gold and Silver Price Forecast: Fed Hike Odds Surge Ahead of Rate Decision
- Negative Sentiment: Hot core inflation, surging oil prices and an approximately 87% market-implied probability of a Fed hike have lifted bond yields and increased the opportunity cost of holding gold. Gold price fall nearly 2% as oil surge and near-5% Treasury yields bolster Fed rate-hike expectations
- Negative Sentiment: Technical analysts are watching the roughly $4,300 area and the 200-day exponential moving average as important support levels; a decisive break could signal additional downside for gold and GLD. Gold Price Forecast: $4,325 Support in Focus Ahead of Fed
- Negative Sentiment: Analysts broadly expect further volatility ahead of the Fed decision, with rising yields and hawkish policy expectations threatening gold’s recent support and weighing on the ETF. Gold and Silver Price Forecast: Fed Hike Risk Threatens Support
SPDR Gold Shares 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.
See Also
- Five stocks we like better than SPDR Gold Shares
- Analysts Are Punting Their Calls Into the Next Quarter After Adobe’s Mixed Earnings
- Institutional Money Is Pouring Into These 2 Altcoin ETFs
- The End of Big Tech Buybacks? Only One Hyperscaler Is Still Repurchasing Shares
- 3 Dividend Kings to Buy While They’re Still Beaten Down
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).
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.
