Kovack Advisors Inc. Trims Stock Holdings in SPDR Gold Shares $GLD

Kovack Advisors Inc. lowered its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 9.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 27,702 shares of the exchange traded fund’s stock after selling 2,733 shares during the quarter. Kovack Advisors Inc.’s holdings in SPDR Gold Shares were worth $10,240,000 at the end of the most recent reporting period.

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

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: July U.S. retail sales unexpectedly fell 0.6%, while preliminary August consumer sentiment dropped to 51 versus a 54.5 consensus forecast. The weaker data increased expectations that the Fed may hold rates steady in September, supporting non-yielding gold. Gold rallies after retail sales drop
• Positive Sentiment: Cooling inflation is also helping gold: July headline PPI was flat, and recent CPI and PPI readings have reduced rate-hike concerns. A softer dollar and lower real-rate expectations generally make gold more attractive. Gold rebounds as dollar pulls back
• Positive Sentiment: Longer-term demand remains constructive. UBS strategists said gold could challenge $5,000 per ounce in the first half of 2027, citing lower real rates, a weaker dollar and strong sovereign and central-bank buying. The Bank of Korea also reported a $250 million holding in SPDR Gold Shares, its first gold-linked purchase since 2013. UBS sees gold challenging $5,000
• Neutral Sentiment: Investors are awaiting Federal Reserve meeting minutes, housing data and manufacturing PMI figures next week. These releases could cause volatility by changing views on economic growth and future interest rates. Gold looks to Fed minutes and economic data
• Negative Sentiment: Gold has struggled to extend its rebound near the $4,450–$4,500 resistance zone. Technical analysts warn that a pullback may be needed before another advance, while profit-taking, Treasury yields and geopolitical developments could cap gains. Gold pullback risk after resistance test

SPDR Gold Shares Trading Up 0.6%

Shares of NYSEARCA GLD opened at $401.48 on Friday. SPDR Gold Shares has a 12 month low of $305.19 and a 12 month high of $509.70. The company has a 50 day simple moving average of $380.45 and a two-hundred day simple moving average of $419.72. The stock has a market cap of $141.76 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17.

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.