Ebert Capital Management Inc. Makes New Investment in SPDR Gold Shares $GLD

Ebert Capital Management Inc. bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,317 shares of the exchange traded fund’s stock, valued at approximately $485,000. SPDR Gold Shares makes up approximately 0.5% of Ebert Capital Management Inc.’s investment portfolio, making the stock its 25th largest holding.

Several other large investors have also added to or reduced their stakes in GLD. WPG Advisers LLC acquired a new position in SPDR Gold Shares in the fourth quarter valued at approximately $25,000. Timmons Wealth Management LLC acquired a new stake in shares of SPDR Gold Shares during the 4th quarter worth approximately $26,000. Chapman Financial Group LLC acquired a new stake in shares of SPDR Gold Shares during the 2nd quarter worth approximately $26,000. Eukles Asset Management bought a new stake in shares of SPDR Gold Shares in the 4th quarter valued at $27,000. Finally, Private Wealth Management Group LLC bought a new stake in shares of SPDR Gold Shares in the 1st quarter valued at $30,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

Trending Headlines about SPDR Gold Shares

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 Stock Up 2.3%

SPDR Gold Shares stock opened at $398.47 on Friday. The company 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 12-month low of $305.19 and a 12-month high of $509.70. The firm’s fifty day moving average is $381.05 and its 200 day moving average is $421.14.

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.