SPDR Gold Shares $GLD Stock Position Increased by 44 Wealth Management LLC

44 Wealth Management LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 13.2% during the 4th quarter, Holdings Channel reports. The firm owned 10,674 shares of the exchange traded fund’s stock after buying an additional 1,242 shares during the quarter. SPDR Gold Shares comprises 1.4% of 44 Wealth Management LLC’s portfolio, making the stock its 8th largest holding. 44 Wealth Management LLC’s holdings in SPDR Gold Shares were worth $4,230,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in GLD. Prepared Retirement Institute LLC lifted its stake in SPDR Gold Shares by 1.6% during the 4th quarter. Prepared Retirement Institute LLC now owns 1,328 shares of the exchange traded fund’s stock valued at $526,000 after acquiring an additional 21 shares during the period. True Vision MN LLC lifted its stake in SPDR Gold Shares by 3.2% during the 4th quarter. True Vision MN LLC now owns 768 shares of the exchange traded fund’s stock valued at $304,000 after acquiring an additional 24 shares during the period. Burns J W & Co. Inc. NY lifted its stake in SPDR Gold Shares by 0.7% during the 4th quarter. Burns J W & Co. Inc. NY now owns 3,500 shares of the exchange traded fund’s stock valued at $1,387,000 after acquiring an additional 25 shares during the period. PFS Partners LLC lifted its stake in SPDR Gold Shares by 2.4% during the 4th quarter. PFS Partners LLC now owns 1,078 shares of the exchange traded fund’s stock valued at $427,000 after acquiring an additional 25 shares during the period. Finally, Steigerwald Gordon & Koch Inc. lifted its stake in SPDR Gold Shares by 28.7% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 112 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $413.82 on Monday. SPDR Gold Shares has a 12 month low of $299.89 and a 12 month high of $509.70. The company has a 50 day simple moving average of $429.77 and a two-hundred day simple moving average of $425.03. The stock has a market cap of $150.51 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

More SPDR Gold Shares News

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

• Negative Sentiment: Gold prices weakened as a stronger dollar and higher Treasury yields reduced demand for the non-yielding metal. Gold weakens as U.S.-Iran talks keep oil, rates in focus – Kitco PM Report
• Negative Sentiment: Several reports said traders are worried the Fed could stay hawkish or even raise rates further, which has kept precious metals under pressure. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Worry About Hawkish Fed
• Neutral Sentiment: Gold remains in a tight trading range, with volatility compressing and the market looking for a breakout catalyst. Gold (XAU/USD) Price Forecast: Compression Signals Major Breakout Potential
• Neutral Sentiment: Weak U.S. consumer sentiment and rising inflation expectations could support gold over time, but that effect was offset by stronger dollar and rate pressures today. Spot gold hits session low near $4,500/oz after final Consumer Sentiment drops to 44.8…

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.