SPDR Gold Shares $GLD Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 16.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,470 shares of the exchange traded fund’s stock after selling 1,420 shares during the period. Valeo Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $2,752,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. WPG Advisers LLC acquired a new stake in SPDR Gold Shares in the fourth quarter worth about $25,000. Chapman Financial Group LLC bought a new stake in shares of SPDR Gold Shares during the 2nd quarter worth about $26,000. Timmons Wealth Management LLC bought a new stake in shares of SPDR Gold Shares during the 4th quarter worth about $26,000. Eukles Asset Management acquired a new stake in shares of SPDR Gold Shares in the 4th quarter worth approximately $27,000. Finally, Private Wealth Management Group LLC acquired a new stake in shares of SPDR Gold Shares in the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: Gold surged toward the $4,350-per-ounce area after the weak jobs report, marking its strongest weekly performance since early in the year and providing the primary catalyst for GLD’s advance. Gold prices surging higher as U.S. economy loses 23k jobs in July
• Positive Sentiment: Investors are increasingly positioning for lower interest rates, with falling yields and a weaker dollar supporting gold and other precious metals. Gold rallies as traders bet on dovish Fed
• Positive Sentiment: Central-bank demand remains a tailwind: the People’s Bank of China made its largest monthly gold purchase since 2023 and has now bought gold for 21 consecutive months. PBOC boosts gold buying with largest monthly purchase since 2023
• Positive Sentiment: Gold-backed ETFs recorded renewed inflows in July after two months of outflows, suggesting investor demand for products such as GLD is improving. Gold market sees positive ETF inflows in July
• Neutral Sentiment: Technical momentum has improved, but analysts identify the $4,382–$4,392 area and higher resistance near $4,494 as important tests; failure to hold the breakout could trigger a pullback. Gold breakout builds toward key resistance
• Negative Sentiment: Gold remains well below its January record, and some investors have taken profits. A new study also questions gold’s effectiveness as a long-term inflation hedge, which could temper demand. If you buy gold to protect against inflation, you’re doing it wrong

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $398.47 on Monday. SPDR Gold Shares has a 12-month low of $305.19 and a 12-month high of $509.70. The stock has a market capitalization of $140.70 billion, a PE ratio of -32.43 and a beta of 0.17. The firm has a 50 day simple moving average of $381.05 and a 200-day simple moving average of $421.14.

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.