Plan Group Financial LLC lowered its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 45.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,098 shares of the exchange traded fund’s stock after selling 5,960 shares during the quarter. Plan Group Financial LLC’s holdings in SPDR Gold Shares were worth $2,615,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of GLD. Prepared Retirement Institute LLC raised its stake in shares of SPDR Gold Shares by 1.6% in the 4th quarter. Prepared Retirement Institute LLC now owns 1,328 shares of the exchange traded fund’s stock valued at $526,000 after acquiring an additional 21 shares during the period. Hughes Financial Services LLC lifted its holdings in shares of SPDR Gold Shares by 3.4% in the 4th quarter. Hughes Financial Services LLC now owns 667 shares of the exchange traded fund’s stock worth $264,000 after acquiring an additional 22 shares during the last quarter. Parr Mcknight Wealth Management Group LLC boosted its position in shares of SPDR Gold Shares by 3.3% during the 4th quarter. Parr Mcknight Wealth Management Group LLC now owns 772 shares of the exchange traded fund’s stock worth $306,000 after purchasing an additional 25 shares during the period. Viewpoint Capital Management LLC boosted its position in shares of SPDR Gold Shares by 2.8% during the 1st quarter. Viewpoint Capital Management LLC now owns 925 shares of the exchange traded fund’s stock worth $398,000 after purchasing an additional 25 shares during the period. Finally, Summer Road LLC increased its holdings in SPDR Gold Shares by 11.1% in the 1st quarter. Summer Road LLC now owns 250 shares of the exchange traded fund’s stock valued at $108,000 after purchasing an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Up 3.8%
Shares of NYSEARCA GLD opened at $413.84 on Thursday. The firm has a market cap of $146.13 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a 52-week low of $306.43 and a 52-week high of $509.70. The business’s 50 day moving average is $381.56 and its two-hundred day moving average is $417.65.
Key SPDR Gold Shares News
- Positive Sentiment: The U.S. Treasury unexpectedly doubled planned buybacks of long-dated debt, helping drive 30-year Treasury yields and the dollar lower. Lower yields reduce the opportunity cost of holding non-income-producing gold and provided the main catalyst for GLD’s advance. Gold Jumps 3% as Bessent’s Treasury Steps Into Bond Rout
- Positive Sentiment: Gold broke above important technical resistance and moved toward its 200-day moving average, strengthening bullish momentum and raising the possibility of additional gains if the breakout holds. Gold Price Forecast: Breakout Puts 200-Day Moving Average in Focus
- Positive Sentiment: GLD recorded approximately $1 billion in inflows for August 17, indicating strong investor demand for gold exposure and potentially reinforcing the ETF’s upward momentum. Daily ETF Flows: GLD Takes In $1B
- Positive Sentiment: Wells Fargo maintained a constructive outlook for precious metals and projected gold could reach $4,900 in 2026, citing ongoing demand from Asian investors and central banks. Wells Fargo Reiterates Positive Outlook for Precious Metals
- Neutral Sentiment: Federal Reserve minutes offered a counterpoint to the bond-market rally, with officials reportedly favoring a different policy direction. Investors will continue to monitor rate expectations for their effect on yields, the dollar and gold.
- Negative Sentiment: Elevated oil prices, inflation concerns and heavy Treasury issuance could keep long-term yields volatile. A renewed rise in yields or the dollar would likely pressure gold and GLD, as seen during the previous bond-market selloff. Can Gold Prices Hold as 30-Year Yields Hit 19-Year Highs?
About SPDR Gold Shares
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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