SPDR Gold Shares $GLD Shares Acquired by SkyView Investment Advisors LLC

SkyView Investment Advisors LLC raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 1,196.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,170 shares of the exchange traded fund’s stock after buying an additional 5,694 shares during the period. SPDR Gold Shares comprises about 1.9% of SkyView Investment Advisors LLC’s portfolio, making the stock its 13th largest holding. SkyView Investment Advisors LLC’s holdings in SPDR Gold Shares were worth $2,273,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Corient Private Wealth LLC increased its holdings in shares of SPDR Gold Shares by 571.3% in the fourth quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock valued at $1,565,118,000 after purchasing an additional 3,360,966 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of SPDR Gold Shares during the 4th quarter worth $474,952,000. Marino Management LLC acquired a new position in shares of SPDR Gold Shares during the 4th quarter valued at about $438,475,000. Diamant Asset Management Inc. boosted its position in shares of SPDR Gold Shares by 42,929.0% during the 1st quarter. Diamant Asset Management Inc. now owns 697,070 shares of the exchange traded fund’s stock valued at $299,942,000 after acquiring an additional 695,450 shares during the last quarter. Finally, Bank of Korea acquired a new position in shares of SPDR Gold Shares during the 2nd quarter valued at about $250,411,831. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares News Summary

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

• Positive Sentiment: A pullback in the 10-year Treasury yield from near 5% helped gold rebound from its session lows, providing temporary support for GLD. Gold, Silver, Platinum Forecasts – Gold Rebounds From Session Lows As Treasury Yields Pull Back
• Positive Sentiment: Longer-term demand remains supported by concerns about government debt, currency debasement and financial instability. Sprott’s Ryan McIntyre described gold as a “North Star,” suggesting structural investor demand could cushion further declines. Gold is the North Star in a world drowning in debt
• Neutral Sentiment: Geopolitical tensions and Middle East supply disruptions continue to generate safe-haven and inflation concerns, but those supports have so far been outweighed by interest-rate pressures. Gold and Silver Price Forecast: Fed Hike Odds Surge Ahead of Rate Decision
• Negative Sentiment: Hot core inflation, surging oil prices and an approximately 87% market-implied probability of a Fed hike have lifted bond yields and increased the opportunity cost of holding gold. Gold price fall nearly 2% as oil surge and near-5% Treasury yields bolster Fed rate-hike expectations
• Negative Sentiment: Technical analysts are watching the roughly $4,300 area and the 200-day exponential moving average as important support levels; a decisive break could signal additional downside for gold and GLD. Gold Price Forecast: $4,325 Support in Focus Ahead of Fed
• Negative Sentiment: Analysts broadly expect further volatility ahead of the Fed decision, with rising yields and hawkish policy expectations threatening gold’s recent support and weighing on the ETF. Gold and Silver Price Forecast: Fed Hike Risk Threatens Support

SPDR Gold Shares Trading Down 1.5%

Shares of GLD opened at $392.84 on Tuesday. SPDR Gold Shares has a 12-month low of $333.81 and a 12-month high of $509.70. The firm has a market capitalization of $138.71 billion, a P/E ratio of -32.43 and a beta of 0.19. The firm has a 50-day moving average price of $392.00 and a 200 day moving average price of $411.51.

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.