Stonehearth Capital Management LLC Decreases Stock Position in SPDR Gold Shares $GLD

Stonehearth Capital Management LLC trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 90.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,030 shares of the exchange traded fund’s stock after selling 18,364 shares during the period. Stonehearth Capital Management LLC’s holdings in SPDR Gold Shares were worth $748,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Midwest Financial Network LLC grew its stake in SPDR Gold Shares by 36.2% during the 2nd quarter. Midwest Financial Network LLC now owns 2,519 shares of the exchange traded fund’s stock valued at $928,000 after purchasing an additional 669 shares in the last quarter. Fermata Advisors LLC raised its position in shares of SPDR Gold Shares by 1.8% in the 2nd quarter. Fermata Advisors LLC now owns 10,038 shares of the exchange traded fund’s stock valued at $3,698,000 after purchasing an additional 178 shares in the last quarter. 180 Wealth Advisors LLC raised its position in shares of SPDR Gold Shares by 1.6% in the 2nd quarter. 180 Wealth Advisors LLC now owns 2,612 shares of the exchange traded fund’s stock valued at $962,000 after purchasing an additional 40 shares in the last quarter. Post Resch Tallon Group Inc. raised its position in shares of SPDR Gold Shares by 2.1% in the 2nd quarter. Post Resch Tallon Group Inc. now owns 2,472 shares of the exchange traded fund’s stock valued at $911,000 after purchasing an additional 50 shares in the last quarter. Finally, Mechanics Bank Trust Department boosted its stake in shares of SPDR Gold Shares by 0.8% during the 2nd quarter. Mechanics Bank Trust Department now owns 3,642 shares of the exchange traded fund’s stock valued at $1,342,000 after buying an additional 30 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.0%

SPDR Gold Shares stock opened at $389.67 on Friday. SPDR Gold Shares has a 52 week low of $305.19 and a 52 week high of $509.70. The stock has a market cap of $137.59 billion, a P/E ratio of -32.43 and a beta of 0.17. The stock has a 50 day moving average of $381.42 and a 200-day moving average of $421.30.

Key SPDR Gold Shares News

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

• Positive Sentiment: Gold-backed ETFs recorded net inflows in July, ending a two-month streak of outflows. The renewed investor demand provides a constructive backdrop for GLD. Gold market sees positive ETF inflows in July
• Positive Sentiment: Several analysts remain bullish: BNP Paribas Wealth Management sees gold potentially reaching $5,000, while BCA argues that peaking real interest rates and a potentially weaker dollar could renew bullion’s upside. BNP Paribas gold target BCA gold outlook
• Positive Sentiment: Gold’s technical breakout above $4,200 and a bullish reversal have kept higher targets in focus, although analysts say the metal must hold key trendline support for the move to continue. Gold price forecast
• Positive Sentiment: Earlier gains were supported by weaker-than-expected private payrolls, lower Treasury yields and a softer dollar, which reduced expectations for aggressive Federal Reserve policy and increased demand for non-yielding gold. Gold rises after soft ADP data
• Neutral Sentiment: Options activity in GLD was unusually elevated, with call volume above typical levels, signaling increased bullish speculation but also potentially greater short-term volatility.
• Neutral Sentiment: Investor positioning is mixed: Greenlight Capital reduced its GLD stake, while Third Point initiated a new position. The divergence suggests hedge funds remain divided on gold’s near-term outlook. Hedge fund GLD positions
• Negative Sentiment: Gold weakened later in Thursday trading as investors took profits following the breakout. Rising oil prices, firmer Treasury yields and a stronger dollar pressured precious metals and limited GLD’s immediate upside. Investors take profits in gold
• Negative Sentiment: Upcoming U.S. payrolls data and shifting expectations for rate hikes remain important near-term risks; resilient employment data could lift yields and the dollar, weakening gold demand.

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.