Clare Market Investments LLC Makes New $6.75 Million Investment in SPDR Gold Shares $GLD

Clare Market Investments LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,680 shares of the exchange traded fund’s stock, valued at approximately $6,747,000. SPDR Gold Shares makes up approximately 1.4% of Clare Market Investments LLC’s investment portfolio, making the stock its 13th largest holding.

A number of other institutional investors also recently modified their holdings of the company. WPG Advisers LLC acquired a new stake in SPDR Gold Shares in the 4th quarter valued at approximately $25,000. Timmons Wealth Management LLC acquired a new position in SPDR Gold Shares during the 4th quarter worth approximately $26,000. Chapman Financial Group LLC acquired a new position in SPDR Gold Shares during the 2nd quarter worth approximately $26,000. Vestwell Advisors LLC bought a new position in shares of SPDR Gold Shares during the 3rd quarter worth approximately $27,000. Finally, Eukles Asset Management bought a new position in shares of SPDR Gold Shares during the 4th quarter worth approximately $27,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Down 0.0%

NYSEARCA GLD opened at $381.95 on Tuesday. The firm’s 50 day moving average is $404.49 and its 200-day moving average is $427.13. The company has a market capitalization of $134.45 billion, a PE ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a 12-month low of $300.95 and a 12-month high of $509.70.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Weak June jobs data is reinforcing bets on a more dovish Fed, which is lifting demand for gold and gold-backed ETFs like GLD. Weak June Jobs Data Likely to Boost These ETF Areas
• Positive Sentiment: Gold rose to a two-week high as Treasury yields eased and inflation concerns softened, a bullish backdrop for GLD. Update: Gold Rises to a Two-Week High on Easing Inflation Concerns
• Positive Sentiment: Market commentary says gold ETFs are back in focus as weaker jobs data and a softer dollar support bullion, which could help GLD see more inflows. Gold ETFs Back in Focus as Weak Jobs Data Softer Dollar Boost Bullion Rally
• Positive Sentiment: Analysts continue to argue the long-term setup for gold remains constructive, with central bank buying and constrained mine supply supporting prices. Natixis Sticks with $4,600 Gold Target as Central Banks Prepare to Ramp Up Buying
• Neutral Sentiment: Gold is still facing technical resistance and near-term choppiness ahead of Fed minutes and other macro data, which may limit upside until markets get clearer policy signals. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks Trendline at $4,127 as Silver Holds $60.69 Ahead of FOMC — Next Move?
• Neutral Sentiment: Some reports note gold has been retreating or struggling around resistance near $4,200, suggesting volatility could persist even as the broader trend improves. Gold Price Continues Struggle as U.S. ISM Services PMI Falls to 54
• Negative Sentiment: Gold also slipped in early trading as investors waited for Fed minutes and the dollar firmed, showing the ETF can still face short-term pressure from macro uncertainty. Gold Falls as Investors Await Fed Minutes

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.