Mainstay Capital Management LLC ADV Cuts Stake in SPDR Gold Shares $GLD

Mainstay Capital Management LLC ADV lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 28.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,924 shares of the exchange traded fund’s stock after selling 12,392 shares during the period. SPDR Gold Shares accounts for about 1.1% of Mainstay Capital Management LLC ADV’s investment portfolio, making the stock its 14th largest position. Mainstay Capital Management LLC ADV’s holdings in SPDR Gold Shares were worth $10,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of GLD. Vestwell Advisors LLC purchased a new stake in SPDR Gold Shares in the 3rd quarter worth $27,000. Strategic Investment Solutions Inc. IL boosted its holdings in shares of SPDR Gold Shares by 98.7% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 24,901 shares of the exchange traded fund’s stock valued at $8,859,000 after purchasing an additional 12,366 shares during the last quarter. Payne Capital Management LLC purchased a new position in shares of SPDR Gold Shares during the third quarter valued at about $248,000. Lantern Wealth Advisors LLC purchased a new position in shares of SPDR Gold Shares during the third quarter valued at about $228,000. Finally, Alexander Labrunerie & CO. Inc. increased its holdings in shares of SPDR Gold Shares by 21.0% in the third quarter. Alexander Labrunerie & CO. Inc. now owns 4,707 shares of the exchange traded fund’s stock worth $1,673,000 after purchasing an additional 816 shares during 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: Short-term technical bounce noted in early trade, offering a potential recovery if buyers step in after recent declines. Gold Rises on Likely Technical Recovery
• Positive Sentiment: Fed left rates unchanged but signaled lower rates later this year in some commentary — a narrative that, if it persists, supports gold as a real-rate sensitive asset. Gold prices remain stuck below $5k as Federal leaves rates unchanged still sees lower rates this year
• Neutral Sentiment: Analysts and commentators remain split — some see further upside for gold while others warn of an overcrowded trade; this keeps GLD sensitive to weekly news flow and positioning. Some Experts See More Gains for Gold Ahead—but Others Warn of an ‘Overcrowded’ Trade
• Neutral Sentiment: Longer-term bullish narratives (calls for higher multi-year targets) remain in the background but are unlikely to stop near-term volatility tied to macro prints and Fed messaging. Gold is still on a path to $6,000, and has five-digit price potential if belief in the global financial system breaks down – CRU Group
• Negative Sentiment: Technical damage: multiple outlets report gold and GLD breaking below the 50-day moving average, signaling further near-term downside risk if sellers persist. Gold (XAU/USD) Price Forecast: Bearish Momentum Pushes Below 50-Day Average
• Negative Sentiment: Market reaction to hot US inflation/PPI readings pressured gold as real rates and the dollar ticked up, a direct headwind for GLD. Hot US inflation report sinks gold, silver
• Negative Sentiment: Headline coverage of a sharp intraday gold drop and GLD dipping under its 50-day MA highlights increased selling pressure and near-term technical risk for the ETF. Gold drops below $5,000 and GLD dips below its 50-day moving average
• Negative Sentiment: Commodity/metal sell-offs tied to oil spikes and positioning (miners and other metals under pressure) add cross-commodity risk that can exacerbate gold weakness if traders favor dollar/bonds. Fresnillo other miners slide as gold, silver and copper prices tumble as oil spikes

SPDR Gold Shares Trading Down 3.2%

NYSEARCA:GLD opened at $444.74 on Thursday. The company has a market capitalization of $169.05 billion, a P/E ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 12 month low of $272.58 and a 12 month high of $509.70. The business’s 50-day moving average is $456.97 and its 200 day moving average is $402.37.

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.