F&V Capital Management LLC Buys New Shares in SPDR Gold Shares $GLD

F&V Capital Management LLC purchased a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,530 shares of the exchange traded fund’s stock, valued at approximately $2,810,000.

Other large investors have also recently bought and sold shares of the company. Prepared Retirement Institute LLC boosted its position in shares of SPDR Gold Shares by 1.6% during the 4th quarter. Prepared Retirement Institute LLC now owns 1,328 shares of the exchange traded fund’s stock valued at $526,000 after purchasing an additional 21 shares in the last quarter. Hughes Financial Services LLC lifted its position in 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 valued at $264,000 after acquiring an additional 22 shares in the last quarter. True Vision MN LLC boosted its stake in SPDR Gold Shares by 3.2% during the 4th quarter. True Vision MN LLC now owns 768 shares of the exchange traded fund’s stock valued at $304,000 after purchasing an additional 24 shares during the last quarter. Burns J W & Co. Inc. NY boosted its stake in SPDR Gold Shares by 0.7% during the 4th quarter. Burns J W & Co. Inc. NY now owns 3,500 shares of the exchange traded fund’s stock valued at $1,387,000 after purchasing an additional 25 shares during the last quarter. Finally, PFS Partners LLC increased its holdings in SPDR Gold Shares by 2.4% during the 4th quarter. PFS Partners LLC now owns 1,078 shares of the exchange traded fund’s stock worth $427,000 after purchasing an additional 25 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 2.0%

Shares of SPDR Gold Shares stock opened at $378.13 on Friday. SPDR Gold Shares has a 52 week low of $300.95 and a 52 week high of $509.70. The business has a 50 day moving average price of $405.63 and a 200-day moving average price of $427.25. The company has a market cap of $133.10 billion, a PE ratio of -32.43 and a beta of 0.17.

Trending Headlines about SPDR Gold Shares

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

• Positive Sentiment: Gold jumped after the June payroll report came in below expectations, pressuring the U.S. dollar and boosting rate-cut hopes — a direct tailwind for SPDR Gold Shares (GLD). Gold bulls charge back on Wall Street and Main Street after weak jobs report dispels rate hike fears and drives gold above $4,100/oz
• Positive Sentiment: Multiple reports said gold rallied above $4,100/oz as weak U.S. payrolls and slower hiring strengthened the case for easier Fed policy, which supports GLD by lifting bullion prices. Update: Gold Rises as Weak US Payrolls Pressure the Dollar, Support Rate Outlook
• Positive Sentiment: Commentary that central banks are still betting on gold and even shifting away from Treasuries reinforces long-term demand for the metal, a supportive backdrop for GLD. Central banks are still betting on gold
• Neutral Sentiment: Analysts noted gold may be near fair value and still in a broader secular bull case, suggesting upside potential remains but without a clear near-term catalyst by itself. Gold is near fair value, setting the stage for the next leg higher – WisdomTree’s Shah
• Negative Sentiment: Some market commentary warned that gold is still facing resistance and a broader downtrend may not be fully broken, which could limit additional gains in GLD if the rally stalls. Gold (XAU/USD) Price Forecast: Resistance Cluster Caps Upside Momentum
• Negative Sentiment: Earlier reports highlighted that gold had been under pressure from high interest rates and a recent correction, reminding investors that GLD remains sensitive to renewed Fed-hike fears and dollar strength. Gold prices fall further after worst quarter in 13 years as interest rate fears hit bullion

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.