SPDR Gold Shares $GLD is Sugar Maple Asset Management LLC’s 3rd Largest Position

Sugar Maple Asset Management LLC trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,865 shares of the exchange traded fund’s stock after selling 2,491 shares during the period. SPDR Gold Shares makes up about 8.0% of Sugar Maple Asset Management LLC’s portfolio, making the stock its 3rd biggest position. Sugar Maple Asset Management LLC’s holdings in SPDR Gold Shares were worth $12,475,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in GLD. City Holding Co. raised 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 valued at $8,441,000 after buying an additional 6,733 shares during the last quarter. Crescent Grove Advisors LLC lifted its holdings in shares of 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 valued at $6,230,000 after buying an additional 3,175 shares during the period. Arcus Capital Partners LLC boosted its stake in shares of SPDR Gold Shares by 90.3% in the first quarter. Arcus Capital Partners LLC now owns 8,442 shares of the exchange traded fund’s stock worth $3,633,000 after buying an additional 4,005 shares during the last quarter. Cidel Asset Management Inc. boosted its stake in shares of SPDR Gold Shares by 69.8% in the first quarter. Cidel Asset Management Inc. now owns 3,368 shares of the exchange traded fund’s stock worth $1,449,000 after buying an additional 1,384 shares during the last quarter. Finally, Geneva Partners LLC boosted its stake in shares of SPDR Gold Shares by 3.4% in the fourth quarter. Geneva Partners LLC now owns 36,728 shares of the exchange traded fund’s stock worth $14,556,000 after buying an additional 1,203 shares during the last quarter. 42.19% of the stock is 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: July U.S. retail sales unexpectedly fell 0.6%, while preliminary August consumer sentiment dropped to 51 versus a 54.5 consensus forecast. The weaker data increased expectations that the Fed may hold rates steady in September, supporting non-yielding gold. Gold rallies after retail sales drop
• Positive Sentiment: Cooling inflation is also helping gold: July headline PPI was flat, and recent CPI and PPI readings have reduced rate-hike concerns. A softer dollar and lower real-rate expectations generally make gold more attractive. Gold rebounds as dollar pulls back
• Positive Sentiment: Longer-term demand remains constructive. UBS strategists said gold could challenge $5,000 per ounce in the first half of 2027, citing lower real rates, a weaker dollar and strong sovereign and central-bank buying. The Bank of Korea also reported a $250 million holding in SPDR Gold Shares, its first gold-linked purchase since 2013. UBS sees gold challenging $5,000
• Neutral Sentiment: Investors are awaiting Federal Reserve meeting minutes, housing data and manufacturing PMI figures next week. These releases could cause volatility by changing views on economic growth and future interest rates. Gold looks to Fed minutes and economic data
• Negative Sentiment: Gold has struggled to extend its rebound near the $4,450–$4,500 resistance zone. Technical analysts warn that a pullback may be needed before another advance, while profit-taking, Treasury yields and geopolitical developments could cap gains. Gold pullback risk after resistance test

SPDR Gold Shares Stock Up 0.6%

SPDR Gold Shares stock opened at $401.48 on Friday. The business’s 50-day moving average price is $380.45 and its 200 day moving average price is $419.72. The firm has a market cap of $141.76 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a 52 week low of $305.19 and a 52 week high of $509.70.

SPDR Gold Shares 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.