Valliance Asset Management Ltd Makes New Investment in SPDR Gold Shares $GLD

Valliance Asset Management Ltd acquired a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,840 shares of the exchange traded fund’s stock, valued at approximately $1,415,000. SPDR Gold Shares comprises approximately 0.2% of Valliance Asset Management Ltd’s investment portfolio, making the stock its 6th largest position.

A number of other institutional investors also recently bought and sold shares of GLD. City Holding Co. boosted its stake in shares of SPDR Gold Shares by 41.6% during the 2nd quarter. City Holding Co. now owns 22,914 shares of the exchange traded fund’s stock worth $8,441,000 after acquiring an additional 6,733 shares during the last quarter. DDFG Inc boosted its stake in shares of SPDR Gold Shares by 57.5% in the second quarter. DDFG Inc now owns 48,753 shares of the exchange traded fund’s stock worth $17,959,000 after acquiring an additional 17,793 shares during the period. Crescent Grove Advisors LLC boosted its stake in SPDR Gold Shares by 25.3% in the 4th quarter. Crescent Grove Advisors LLC now owns 15,719 shares of the exchange traded fund’s stock worth $6,230,000 after purchasing an additional 3,175 shares during the period. Arcus Capital Partners LLC grew its stake in SPDR Gold Shares by 90.3% during the first quarter. Arcus Capital Partners LLC now owns 8,442 shares of the exchange traded fund’s stock valued at $3,633,000 after acquiring an additional 4,005 shares in the last quarter. Finally, Cidel Asset Management Inc. grew its position in shares of SPDR Gold Shares by 69.8% during the first quarter. Cidel Asset Management Inc. now owns 3,368 shares of the exchange traded fund’s stock valued at $1,449,000 after purchasing an additional 1,384 shares in the last quarter. 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: 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?

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $413.84 on Thursday. The business has a 50 day simple moving average of $381.56 and a two-hundred day simple moving average of $417.65. SPDR Gold Shares has a 1-year low of $306.43 and a 1-year high of $509.70. The stock has a market capitalization of $146.13 billion, a PE ratio of -32.43 and a beta of 0.17.

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.