Stonehearth Capital Management LLC Has $8.78 Million Holdings in SPDR Gold Shares $GLD

Stonehearth Capital Management LLC lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 9.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,394 shares of the exchange traded fund’s stock after selling 2,018 shares during the quarter. SPDR Gold Shares comprises about 3.5% of Stonehearth Capital Management LLC’s investment portfolio, making the stock its 8th largest holding. Stonehearth Capital Management LLC’s holdings in SPDR Gold Shares were worth $8,775,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Corient Private Wealth LLC grew its holdings in SPDR Gold Shares by 571.3% during 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 period. Morgan Stanley raised its holdings in SPDR Gold Shares by 22.4% in the fourth quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock worth $5,506,229,000 after purchasing an additional 2,539,266 shares during the period. Bank of Montreal Can bought a new position in shares of SPDR Gold Shares during the third quarter worth $556,282,000. Virtu Financial LLC bought a new position in shares of SPDR Gold Shares during the fourth quarter worth $474,952,000. Finally, Marino Management LLC acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at $438,475,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Down 1.9%

Shares of GLD stock opened at $377.32 on Wednesday. SPDR Gold Shares has a 12-month low of $299.89 and a 12-month high of $509.70. The firm has a fifty day moving average of $415.31 and a 200-day moving average of $428.16. The firm has a market capitalization of $137.23 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14.

Trending Headlines about SPDR Gold Shares

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

• Positive Sentiment: Gold is being viewed by some portfolio managers as an attractive buying opportunity after its recent pullback, with de-dollarization trends still seen as supportive over the longer term. Gold’s pullback creates attractive entry as de-dollarization turns structural – KMLM’s Prior
• Positive Sentiment: China’s gold imports jumped to a 26-month high in May, suggesting physical demand remains strong even after the recent price decline. China gold imports hit 26-month high in May, up 76% YTD
• Neutral Sentiment: Gold briefly bounced from session lows after better-than-expected U.S. PMI data, showing that the metal is still reacting quickly to macroeconomic releases. Spot gold rises from session lows as flash S&P composite PMI improves to 52.2
• Negative Sentiment: Gold has been falling for multiple sessions as the dollar strengthens and rate-hike fears rise, pressuring GLD lower. Gold and silver tumble as rate-hike fears hit precious metals
• Negative Sentiment: Deutsche Bank and BMO both trimmed gold forecasts, citing weaker investor demand and the Fed’s hawkish shift, which could keep GLD under pressure near term. BMO cuts gold price forecast as Fed’s hawkish shift weighs on precious metals Deutsche Bank cuts 2026 gold price targets to $4,300/oz for Q3, $4,800/oz in Q4 as investor demand drops

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.