Kerrisdale Advisers LLC Takes Position in SPDR Gold Shares $GLD

Kerrisdale Advisers LLC acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,950 shares of the exchange traded fund’s stock, valued at approximately $2,192,000.

Other large investors have also recently bought and sold shares of the company. Hughes Financial Services LLC raised its position in shares of SPDR Gold Shares by 3.4% during the 4th quarter. Hughes Financial Services LLC now owns 667 shares of the exchange traded fund’s stock worth $264,000 after purchasing an additional 22 shares during the period. Parr Mcknight Wealth Management Group LLC boosted its position in SPDR Gold Shares by 3.3% during the 4th quarter. Parr Mcknight Wealth Management Group LLC now owns 772 shares of the exchange traded fund’s stock valued at $306,000 after purchasing an additional 25 shares during the period. Viewpoint Capital Management LLC grew its stake in SPDR Gold Shares by 2.8% during the 1st quarter. Viewpoint Capital Management LLC now owns 925 shares of the exchange traded fund’s stock worth $398,000 after buying an additional 25 shares during the last quarter. Summer Road LLC increased its position in SPDR Gold Shares by 11.1% in the first quarter. Summer Road LLC now owns 250 shares of the exchange traded fund’s stock worth $108,000 after buying an additional 25 shares during the period. Finally, SFE Investment Counsel lifted its stake in SPDR Gold Shares by 4.5% in the first quarter. SFE Investment Counsel now owns 585 shares of the exchange traded fund’s stock valued at $252,000 after buying an additional 25 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Analysts continue to see a favorable long-term setup for gold because of the United States’ approximately $40 trillion debt burden, fiscal concerns and the risk of currency debasement. These factors could sustain demand for GLD as a store-of-value asset. Gold’s renewed momentum is sending a warning about America’s $40 trillion debt
• Positive Sentiment: Gold has rebounded roughly 15% since June, and UBS analysts cited de-dollarization and U.S. fiscal pressures as potential catalysts for further gains. Stronger gold prices would generally benefit GLD, which is designed to track bullion. Gold is a clear beneficiary of de-dollarization
• Positive Sentiment: Investor demand remains constructive: SPDR Gold Shares was among the funds leading roughly $7 billion of reported inflows, reinforcing GLD’s status as a preferred vehicle for gold exposure. SPDR Gold Shares and iShares Bitcoin Trust lead $7B inflows
• Neutral Sentiment: Former Federal Reserve President Jim Bullard said policymakers are divided and that a rate hold could still be hawkish. His comments highlight continued uncertainty around the Fed’s next move and likely elevated volatility for GLD.
• Neutral Sentiment: Technical analysts identify support near $4,500 and resistance around $4,700-$4,800 for gold. Holding support could revive the uptrend, while additional weakness would keep pressure on GLD.
• Negative Sentiment: Fed Chair Kevin Warsh emphasized that inflation is a greater concern than a slowing labor market, reviving expectations for a September rate hike. Higher interest-rate expectations raise the opportunity cost of holding non-yielding gold. Gold prices drop as Warsh says inflation is a bigger concern
• Negative Sentiment: Gold fell sharply over four sessions, broke below its 200-day moving average and faced a firmer U.S. dollar as rate-hike bets increased. This technical breakdown is a near-term bearish signal for GLD. Gold price breaks 200-day moving average

SPDR Gold Shares Stock Performance

GLD opened at $408.89 on Monday. The stock has a market cap of $144.38 billion, a PE ratio of -32.43 and a beta of 0.17. The business’s 50 day moving average is $385.89 and its 200-day moving average is $416.26. SPDR Gold Shares has a twelve month low of $314.64 and a twelve month high of $509.70.

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.