SPDR Gold Shares $GLD Shares Sold by Waverly Advisors LLC

Waverly Advisors LLC lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 15.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,940 shares of the exchange traded fund’s stock after selling 12,062 shares during the quarter. Waverly Advisors LLC’s holdings in SPDR Gold Shares were worth $24,291,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Timmons Wealth Management LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter worth about $26,000. Eukles Asset Management acquired a new position in SPDR Gold Shares in the 4th quarter worth approximately $27,000. Private Wealth Management Group LLC acquired a new position in SPDR Gold Shares in the 1st quarter worth approximately $30,000. Parvin Asset Management LLC purchased a new position in SPDR Gold Shares during the 1st quarter worth approximately $31,000. Finally, Longview Financial Advisors Inc. purchased a new position in SPDR Gold Shares during the 1st quarter worth approximately $35,000. 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: China’s central bank purchased 20.2 metric tonnes of gold in August, its largest monthly increase since October 2023. Continued official-sector buying provides a fundamental demand cushion for gold and GLD. China’s central bank buys 20.2 tonnes of gold in August
• Positive Sentiment: Société Générale said ETF, futures and options positioning shows broad-based bullish exposure to gold, while Goldman Sachs’ metals chief described the recent weakness as a pause rather than the end of the bull market. These views support the longer-term outlook for GLD. Société Générale gold positioning analysis Goldman Sachs gold outlook
• Positive Sentiment: Renewed U.S.-Iran tensions and dollar weakness are offering safe-haven support, while forecasts identify a potential upside breakout if gold clears technical resistance near $4,500–$4,511. Iran risks support metals
• Neutral Sentiment: Gold remains in a tight consolidation range, with upcoming producer- and consumer-price reports likely to determine the next major move. Gold price forecast ahead of CPI
• Negative Sentiment: Higher crude oil prices, elevated Treasury yields and revived expectations for a Fed rate hike are pressuring gold by increasing the opportunity cost of holding a non-yielding asset. Strong U.S. employment data has intensified this near-term headwind. Gold and silver slip as oil spike keeps Fed hike trade alive

SPDR Gold Shares Trading Down 1.7%

Shares of NYSEARCA GLD opened at $399.72 on Wednesday. SPDR Gold Shares has a 12 month low of $326.19 and a 12 month high of $509.70. The company has a 50 day simple moving average of $390.36 and a two-hundred day simple moving average of $413.57. The stock has a market cap of $141.14 billion, a price-to-earnings ratio of -32.43 and a beta of 0.19.

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.