F&V Capital Management LLC Purchases New Shares in SPDR Gold Shares $GLD

F&V Capital Management LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,530 shares of the exchange traded fund’s stock, valued at approximately $2,810,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. WPG Advisers LLC bought a new position in shares of SPDR Gold Shares in the fourth quarter worth $25,000. Timmons Wealth Management LLC bought a new stake in shares of SPDR Gold Shares during the fourth quarter worth $26,000. Chapman Financial Group LLC acquired a new position in SPDR Gold Shares in the 2nd quarter worth about $26,000. Vestwell Advisors LLC bought a new position in shares of SPDR Gold Shares during the third quarter valued at $27,000. Finally, Eukles Asset Management bought a new position in SPDR Gold Shares during the 4th quarter worth $27,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 2.0%

Shares of GLD stock opened at $378.13 on Friday. SPDR Gold Shares has a 1-year low of $300.95 and a 1-year high of $509.70. The stock has a market cap of $133.10 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. The stock has a 50-day moving average of $405.63 and a 200-day moving average of $427.25.

SPDR Gold Shares News Summary

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

• Positive Sentiment: Gold jumped after the June payroll report came in below expectations, pressuring the U.S. dollar and boosting rate-cut hopes — a direct tailwind for SPDR Gold Shares (GLD). Gold bulls charge back on Wall Street and Main Street after weak jobs report dispels rate hike fears and drives gold above $4,100/oz
• Positive Sentiment: Multiple reports said gold rallied above $4,100/oz as weak U.S. payrolls and slower hiring strengthened the case for easier Fed policy, which supports GLD by lifting bullion prices. Update: Gold Rises as Weak US Payrolls Pressure the Dollar, Support Rate Outlook
• Positive Sentiment: Commentary that central banks are still betting on gold and even shifting away from Treasuries reinforces long-term demand for the metal, a supportive backdrop for GLD. Central banks are still betting on gold
• Neutral Sentiment: Analysts noted gold may be near fair value and still in a broader secular bull case, suggesting upside potential remains but without a clear near-term catalyst by itself. Gold is near fair value, setting the stage for the next leg higher – WisdomTree’s Shah
• Negative Sentiment: Some market commentary warned that gold is still facing resistance and a broader downtrend may not be fully broken, which could limit additional gains in GLD if the rally stalls. Gold (XAU/USD) Price Forecast: Resistance Cluster Caps Upside Momentum
• Negative Sentiment: Earlier reports highlighted that gold had been under pressure from high interest rates and a recent correction, reminding investors that GLD remains sensitive to renewed Fed-hike fears and dollar strength. Gold prices fall further after worst quarter in 13 years as interest rate fears hit bullion

About SPDR Gold Shares

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.