1,731 Shares in SPDR Gold Shares $GLD Bought by Lotus Asset Management LLC

Lotus Asset Management LLC acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the second quarter, according to its most recent filing with the SEC. The firm acquired 1,731 shares of the exchange traded fund’s stock, valued at approximately $638,000. SPDR Gold Shares comprises about 0.6% of Lotus Asset Management LLC’s holdings, making the stock its 19th largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Timmons Wealth Management LLC acquired a new stake in shares of SPDR Gold Shares in the 4th quarter worth $26,000. Chapman Financial Group LLC acquired a new position in shares of SPDR Gold Shares during the second quarter worth about $26,000. Eukles Asset Management purchased a new position in SPDR Gold Shares during the fourth quarter worth about $27,000. Private Wealth Management Group LLC purchased a new position in SPDR Gold Shares during the first quarter worth about $30,000. Finally, Parvin Asset Management LLC acquired a new stake in SPDR Gold Shares in the first quarter valued at about $31,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.9%

Shares of NYSEARCA:GLD opened at $403.35 on Thursday. SPDR Gold Shares has a 52 week low of $326.19 and a 52 week high of $509.70. The company has a 50-day moving average price of $391.01 and a 200 day moving average price of $413.17. The company has a market cap of $142.42 billion, a P/E ratio of -32.43 and a beta of 0.19.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Investors directed approximately $18 billion into gold ETFs during August, according to the World Gold Council, as concerns about rising sovereign debt increased demand for gold as a hedge against fiscal and currency risks. Investors pour $18 billion into gold ETFs in August
• Positive Sentiment: UBS said mounting fiscal concerns, inflation, geopolitical uncertainty and strong sovereign demand support maintaining a meaningful strategic allocation to gold, suggesting pullbacks may attract long-term buyers. UBS gold allocation outlook
• Positive Sentiment: China’s central bank purchased 20.2 tonnes of gold in August, its largest monthly addition since 2023, reinforcing the longer-term official-sector demand supporting GLD’s underlying asset. China central bank gold purchase
• Positive Sentiment: Gold rebounded as traders focused on bond-market stress and bond buybacks, while Middle East tensions continued to support safe-haven demand. Gold rebounds as traders focus on bond buybacks
• Neutral Sentiment: Gold remains technically constrained near major resistance, but analysts at Goldman Sachs and Société Générale continue to describe the broader trend as bullish, citing coordinated ETF, futures, options and physical demand. Société Générale gold outlook
• Negative Sentiment: Higher oil prices, Treasury yields and expectations of a September rate hike remain headwinds for non-yielding gold. Upcoming U.S. PPI and CPI data could increase volatility by changing rate expectations. Gold and silver slip as oil spike keeps Fed-hike trade alive

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.