SPDR Gold Shares $GLD Shares Sold by Bosman Wealth Management LLC

Bosman Wealth Management LLC cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 10.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,176 shares of the exchange traded fund’s stock after selling 1,326 shares during the period. SPDR Gold Shares makes up about 2.6% of Bosman Wealth Management LLC’s holdings, making the stock its 11th biggest position. Bosman Wealth Management LLC’s holdings in SPDR Gold Shares were worth $4,117,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GLD. WPG Advisers LLC purchased a new position in SPDR Gold Shares in the 4th quarter worth about $25,000. Timmons Wealth Management LLC purchased a new stake in SPDR Gold Shares during the fourth quarter valued at about $26,000. Chapman Financial Group LLC acquired a new position in shares of SPDR Gold Shares in the second quarter worth about $26,000. Eukles Asset Management acquired a new position in shares of SPDR Gold Shares in the fourth quarter worth about $27,000. Finally, Private Wealth Management Group LLC purchased a new position in shares of SPDR Gold Shares in the first quarter worth approximately $30,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

Key Stories 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 Price Performance

GLD stock opened at $401.48 on Friday. SPDR Gold Shares has a 52-week low of $305.19 and a 52-week high of $509.70. The company’s 50 day simple moving average is $380.45 and its 200-day simple moving average is $419.72. The firm has a market capitalization of $141.76 billion, a P/E ratio of -32.43 and a beta of 0.17.

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.