Strategic Investment Solutions Inc. IL Has $11 Million Position in SPDR Gold Shares $GLD

Strategic Investment Solutions Inc. IL boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 29,850 shares of the exchange traded fund’s stock after purchasing an additional 1,424 shares during the period. SPDR Gold Shares accounts for approximately 2.5% of Strategic Investment Solutions Inc. IL’s portfolio, making the stock its 8th largest holding. Strategic Investment Solutions Inc. IL’s holdings in SPDR Gold Shares were worth $10,996,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Corient Private Wealth LLC lifted its holdings in shares of SPDR Gold Shares by 571.3% during the 4th quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock worth $1,565,118,000 after acquiring an additional 3,360,966 shares during the period. Morgan Stanley increased its stake 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 valued at $5,506,229,000 after acquiring an additional 2,539,266 shares during the last quarter. Virtu Financial LLC bought a new position in SPDR Gold Shares in the fourth quarter valued at approximately $474,952,000. Marino Management LLC acquired a new position in SPDR Gold Shares during the fourth quarter valued at approximately $438,475,000. Finally, Diamant Asset Management Inc. raised its position in SPDR Gold Shares by 42,929.0% during the first quarter. Diamant Asset Management Inc. now owns 697,070 shares of the exchange traded fund’s stock valued at $299,942,000 after purchasing an additional 695,450 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares News Summary

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

• Positive Sentiment: Gold surged toward the $4,350-per-ounce area after the weak jobs report, marking its strongest weekly performance since early in the year and providing the primary catalyst for GLD’s advance. Gold prices surging higher as U.S. economy loses 23k jobs in July
• Positive Sentiment: Investors are increasingly positioning for lower interest rates, with falling yields and a weaker dollar supporting gold and other precious metals. Gold rallies as traders bet on dovish Fed
• Positive Sentiment: Central-bank demand remains a tailwind: the People’s Bank of China made its largest monthly gold purchase since 2023 and has now bought gold for 21 consecutive months. PBOC boosts gold buying with largest monthly purchase since 2023
• Positive Sentiment: Gold-backed ETFs recorded renewed inflows in July after two months of outflows, suggesting investor demand for products such as GLD is improving. Gold market sees positive ETF inflows in July
• Neutral Sentiment: Technical momentum has improved, but analysts identify the $4,382–$4,392 area and higher resistance near $4,494 as important tests; failure to hold the breakout could trigger a pullback. Gold breakout builds toward key resistance
• Negative Sentiment: Gold remains well below its January record, and some investors have taken profits. A new study also questions gold’s effectiveness as a long-term inflation hedge, which could temper demand. If you buy gold to protect against inflation, you’re doing it wrong

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $398.47 on Friday. The business has a fifty day moving average price of $381.05 and a two-hundred day moving average price of $421.14. The stock has a market capitalization of $140.70 billion, a PE ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a fifty-two week low of $305.19 and a fifty-two week high of $509.70.

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.