Innovative Advisory Group LLC trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 5.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,430 shares of the exchange traded fund’s stock after selling 1,851 shares during the quarter. SPDR Gold Shares makes up approximately 9.1% of Innovative Advisory Group LLC’s holdings, making the stock its 2nd largest position. Innovative Advisory Group LLC’s holdings in SPDR Gold Shares were worth $11,947,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in GLD. Silicon Valley Capital Partners lifted its position in SPDR Gold Shares by 11.7% during the second quarter. Silicon Valley Capital Partners now owns 572 shares of the exchange traded fund’s stock valued at $211,000 after buying an additional 60 shares during the period. Anchor Investment Management LLC grew its position in shares of SPDR Gold Shares by 3.6% in the 2nd quarter. Anchor Investment Management LLC now owns 1,448 shares of the exchange traded fund’s stock worth $533,000 after buying an additional 50 shares during the period. Cherry Tree Wealth Management LLC grew its position in shares of SPDR Gold Shares by 57.9% in the 2nd quarter. Cherry Tree Wealth Management LLC now owns 630 shares of the exchange traded fund’s stock worth $232,000 after buying an additional 231 shares during the period. SkyView Investment Advisors LLC increased its stake in shares of SPDR Gold Shares by 1,196.2% in the 2nd quarter. SkyView Investment Advisors LLC now owns 6,170 shares of the exchange traded fund’s stock worth $2,273,000 after acquiring an additional 5,694 shares in the last quarter. Finally, Talon Private Wealth LLC increased its stake in shares of SPDR Gold Shares by 7.7% in the 2nd quarter. Talon Private Wealth LLC now owns 1,708 shares of the exchange traded fund’s stock worth $629,000 after acquiring an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.
More SPDR Gold Shares News
Here are the key news stories impacting SPDR Gold Shares this week:
- Positive Sentiment: Fidelity expects gold could climb toward $5,000, arguing that a powerful macroeconomic force may outweigh the negative effect of higher interest rates. Fidelity Sees Gold Climbing Toward $5,000
- Positive Sentiment: Standard Chartered said gold’s traditional relationship with real interest rates is weakening. Although higher rates and a stronger dollar may create near-term volatility, structural factors are expected to provide a firm price floor. Higher rates aren’t breaking gold
- Positive Sentiment: Potential stock-market concerns, U.S.-Iran tensions and disruption around the Strait of Hormuz are supporting safe-haven demand for gold, which could benefit GLD if investor risk aversion increases. Will Rising Interest Rates Send Gold Back to Its Highs?
- Neutral Sentiment: Efforts by Rand Refinery to legitimize and integrate artisanal African gold could improve supply-chain transparency, but the effect on near-term gold prices and GLD is unclear. Africa Digs Up Tons of Illicit Gold
- Negative Sentiment: Gold has been range-bound near key technical levels, with forecasts citing resistance around $4,384–$4,500 and support near $4,296. Elevated rates and expectations for additional central-bank tightening are limiting momentum. Gold Price Forecast
- Negative Sentiment: A firmer U.S. dollar and high Treasury yields have outweighed falling oil prices and safe-haven demand, contributing to gold’s retreat and pressure on GLD. Gold Retreats as Dollar Keeps Moving Higher
- Negative Sentiment: Bitcoin ETFs are attracting assets and, in some sessions, trading more actively than GLD, raising concerns that digital-asset products could divert investor attention and flows from gold ETFs. BlackRock’s IBIT ETF Surpasses GLD
SPDR Gold Shares Price 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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