KFA Private Wealth Group LLC Decreases Stake in SPDR Gold Shares $GLD

KFA Private Wealth Group LLC lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 65.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 1,199 shares of the exchange traded fund’s stock after selling 2,319 shares during the period. KFA Private Wealth Group LLC’s holdings in SPDR Gold Shares were worth $442,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Clarus Wealth Advisors grew its stake in shares of SPDR Gold Shares by 16.6% during the second quarter. Clarus Wealth Advisors now owns 6,490 shares of the exchange traded fund’s stock worth $2,430,000 after purchasing an additional 926 shares in the last quarter. Independence Bank of Kentucky raised its stake in SPDR Gold Shares by 9.1% in the second quarter. Independence Bank of Kentucky now owns 7,540 shares of the exchange traded fund’s stock valued at $2,778,000 after buying an additional 628 shares in the last quarter. Bedel Financial Consulting Inc. raised its stake in SPDR Gold Shares by 1.1% in the second quarter. Bedel Financial Consulting Inc. now owns 8,413 shares of the exchange traded fund’s stock valued at $3,099,000 after buying an additional 94 shares in the last quarter. Acorn Wealth Advisors LLC raised its stake in SPDR Gold Shares by 17.9% in the second quarter. Acorn Wealth Advisors LLC now owns 11,392 shares of the exchange traded fund’s stock valued at $4,197,000 after buying an additional 1,732 shares in the last quarter. Finally, Triumph Capital Management lifted its holdings in SPDR Gold Shares by 9.9% during the 2nd quarter. Triumph Capital Management now owns 432 shares of the exchange traded fund’s stock worth $159,000 after buying an additional 39 shares during the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

More SPDR Gold Shares News

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

• Positive Sentiment: Investors continue to use gold ETFs as portfolio hedges alongside U.S. large-cap equities, while strong August ETF flows indicate ongoing demand for physical gold exposure. Investors Are Balancing S&P 500 Growth With Gold Hedges
• Positive Sentiment: Goldman Sachs maintained a $4,900 price target, citing continued central-bank purchases, while analysts said commodity-led inflation, expanding money supply and fiscal concerns could support gold over the longer term. Gold Drops 5.5% From 3-Month High but Goldman Sachs Still Sees 10% Upside
• Neutral Sentiment: GLD’s outlook is at a technical crossroads: gold breached several short-term moving averages and is testing support around $4,311–$4,350. A hold could support a rebound, while a break may expose a pullback toward approximately $4,215. Gold Price Tests Critical $4,311 Support After Sharp Drop
• Negative Sentiment: Markets raised the probability of a September Federal Reserve rate hike to roughly 66%–70% after hawkish policy signals. Higher expected rates and rising global bond yields increased the opportunity cost of holding non-yielding gold. Gold tests $4,311 support as Fed-hike odds hold near 66%
• Negative Sentiment: A surge in crude oil prices linked to renewed U.S.-Iran tensions fueled inflation concerns, pushed yields higher and strengthened the dollar. Although geopolitical risk normally benefits gold, the rate and currency effects currently outweigh safe-haven demand. Gold price hits two-week low as Warsh repricing and oil shock lift yields

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $396.75 on Wednesday. The stock has a 50-day simple moving average of $386.75 and a 200-day simple moving average of $415.38. The stock has a market cap of $140.09 billion, a P/E ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a 1 year low of $320.24 and a 1 year high of $509.70.

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.