SMI Advisory Services LLC Sells 113,066 Shares of SPDR Gold Shares $GLD

SMI Advisory Services LLC trimmed its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 97.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,939 shares of the exchange traded fund’s stock after selling 113,066 shares during the period. SPDR Gold Shares makes up 0.2% of SMI Advisory Services LLC’s investment portfolio, making the stock its 27th largest holding. SMI Advisory Services LLC’s holdings in SPDR Gold Shares were worth $1,123,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. WPG Advisers LLC purchased a new position in SPDR Gold Shares in the fourth quarter worth about $25,000. Chapman Financial Group LLC purchased a new stake in SPDR Gold Shares in the 2nd quarter worth approximately $26,000. Timmons Wealth Management LLC purchased a new stake in SPDR Gold Shares in the 4th quarter worth approximately $26,000. Eukles Asset Management purchased a new position in shares of SPDR Gold Shares during the 4th quarter valued at $27,000. Finally, Private Wealth Management Group LLC purchased a new position in shares of SPDR Gold Shares in the first quarter valued at about $30,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.0%

NYSEARCA GLD opened at $402.54 on Tuesday. The firm has a market cap of $142.14 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. The business has a 50-day moving average price of $380.88 and a 200-day moving average price of $420.90. SPDR Gold Shares has a twelve month low of $305.19 and a twelve month high of $509.70.

Key SPDR Gold Shares News

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

• Positive Sentiment: Weak U.S. jobs data reduced expectations for further Federal Reserve tightening, pressuring the dollar and Treasury yields while improving the appeal of non-yielding gold. Analysts cited potential upside targets for gold and silver. Gold and Silver Price Forecast: Jobs Shock Boosts Gold, Silver Eyes $65.20
• Positive Sentiment: Lower yields, strong central-bank demand and renewed investor inflows are giving gold ETFs additional momentum, directly supporting the outlook for GLD. Gold ETF Rally Gains Momentum: Will It Sustain?
• Positive Sentiment: Sprott’s Maria Smirnova said gold’s months-long decline was a correction rather than a trend reversal. Rising government debt, large fiscal deficits, central-bank buying and geopolitical fragmentation could reinforce gold’s long-term strategic role. Price correction improved the long-term risk-reward profile for gold and silver
• Positive Sentiment: One fund manager said gold’s nearly $300 breakout rally could lead to further gains, including a possible return toward $5,000 per ounce over the next two years. Gold could reclaim $5,000 an ounce in two years
• Neutral Sentiment: Gold is consolidating above a key 200-day technical average, with traders watching for confirmation that the recent bullish momentum will continue. Gold Price Analysis: Gold Consolidates Above 200-Day EMA
• Negative Sentiment: Upcoming U.S. CPI and PPI reports could drive volatility. Hotter-than-expected inflation may lift yields and the dollar, potentially limiting gold’s rebound, while technical resistance remains a hurdle. Weak Dollar Supports Rebound Ahead of U.S. CPI

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.