Bosman Wealth Management LLC reduced its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 10.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,176 shares of the exchange traded fund’s stock after selling 1,326 shares during the period. SPDR Gold Shares comprises about 2.6% of Bosman Wealth Management LLC’s holdings, making the stock its 11th largest holding. Bosman Wealth Management LLC’s holdings in SPDR Gold Shares were worth $4,117,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of GLD. City Holding Co. increased its position in SPDR Gold Shares by 41.6% during the second quarter. City Holding Co. now owns 22,914 shares of the exchange traded fund’s stock worth $8,441,000 after buying an additional 6,733 shares during the last quarter. Crescent Grove Advisors LLC lifted its position in shares of SPDR Gold Shares by 25.3% in the fourth quarter. Crescent Grove Advisors LLC now owns 15,719 shares of the exchange traded fund’s stock worth $6,230,000 after buying an additional 3,175 shares during the last quarter. Arcus Capital Partners LLC boosted its stake in shares of SPDR Gold Shares by 90.3% during the 1st quarter. Arcus Capital Partners LLC now owns 8,442 shares of the exchange traded fund’s stock worth $3,633,000 after acquiring an additional 4,005 shares in the last quarter. Cidel Asset Management Inc. boosted its stake in shares of SPDR Gold Shares by 69.8% during the 1st quarter. Cidel Asset Management Inc. now owns 3,368 shares of the exchange traded fund’s stock worth $1,449,000 after acquiring an additional 1,384 shares in the last quarter. Finally, Geneva Partners LLC increased its holdings in shares of SPDR Gold Shares by 3.4% during the 4th quarter. Geneva Partners LLC now owns 36,728 shares of the exchange traded fund’s stock valued at $14,556,000 after acquiring an additional 1,203 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.
SPDR Gold Shares Stock Performance
Shares of NYSEARCA GLD opened at $401.48 on Friday. The business’s 50-day simple moving average is $380.45 and its 200-day simple moving average is $419.72. SPDR Gold Shares has a 52 week low of $305.19 and a 52 week high of $509.70. The firm has a market cap of $141.76 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17.
More SPDR Gold Shares News
- 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
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.
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