SPDR Gold Shares $GLD Shares Purchased by ACT Wealth Management LLC

ACT Wealth Management LLC grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 16.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 38,888 shares of the exchange traded fund’s stock after purchasing an additional 5,466 shares during the quarter. SPDR Gold Shares accounts for 4.2% of ACT Wealth Management LLC’s holdings, making the stock its 9th largest holding. ACT Wealth Management LLC’s holdings in SPDR Gold Shares were worth $14,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the company. WPG Advisers LLC acquired a new position in SPDR Gold Shares during the fourth quarter worth approximately $25,000. Chapman Financial Group LLC purchased a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at $26,000. Timmons Wealth Management LLC purchased a new stake in shares of SPDR Gold Shares during the 4th quarter valued at $26,000. Eukles Asset Management acquired a new stake in shares of SPDR Gold Shares during the 4th quarter worth $27,000. Finally, Private Wealth Management Group LLC purchased a new position in shares of SPDR Gold Shares in the 1st quarter worth $30,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

Key SPDR Gold Shares News

Here are the key news stories impacting SPDR Gold Shares this week:

• Positive Sentiment: Gold-backed ETFs recorded net inflows in July, ending a two-month streak of outflows. The renewed investor demand provides a constructive backdrop for GLD. Gold market sees positive ETF inflows in July
• Positive Sentiment: Several analysts remain bullish: BNP Paribas Wealth Management sees gold potentially reaching $5,000, while BCA argues that peaking real interest rates and a potentially weaker dollar could renew bullion’s upside. BNP Paribas gold target BCA gold outlook
• Positive Sentiment: Gold’s technical breakout above $4,200 and a bullish reversal have kept higher targets in focus, although analysts say the metal must hold key trendline support for the move to continue. Gold price forecast
• Positive Sentiment: Earlier gains were supported by weaker-than-expected private payrolls, lower Treasury yields and a softer dollar, which reduced expectations for aggressive Federal Reserve policy and increased demand for non-yielding gold. Gold rises after soft ADP data
• Neutral Sentiment: Options activity in GLD was unusually elevated, with call volume above typical levels, signaling increased bullish speculation but also potentially greater short-term volatility.
• Neutral Sentiment: Investor positioning is mixed: Greenlight Capital reduced its GLD stake, while Third Point initiated a new position. The divergence suggests hedge funds remain divided on gold’s near-term outlook. Hedge fund GLD positions
• Negative Sentiment: Gold weakened later in Thursday trading as investors took profits following the breakout. Rising oil prices, firmer Treasury yields and a stronger dollar pressured precious metals and limited GLD’s immediate upside. Investors take profits in gold
• Negative Sentiment: Upcoming U.S. payrolls data and shifting expectations for rate hikes remain important near-term risks; resilient employment data could lift yields and the dollar, weakening gold demand.

SPDR Gold Shares Trading Up 0.0%

Shares of SPDR Gold Shares stock opened at $389.67 on Friday. The business’s fifty day moving average price is $381.42 and its 200 day moving average price is $421.30. SPDR Gold Shares has a twelve month low of $305.19 and a twelve month high of $509.70. The stock has a market capitalization of $137.59 billion, a P/E ratio of -32.43 and a beta of 0.17.

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.