COFG Advisors LLC Buys New Stake in SPDR Gold Shares $GLD

COFG Advisors LLC bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,651 shares of the exchange traded fund’s stock, valued at approximately $2,636,000.

Several other institutional investors have also recently added to or reduced their stakes in GLD. Sage Investment Advisers LLC purchased a new stake in SPDR Gold Shares in the fourth quarter valued at $3,591,000. Colton Groome Financial Advisors LLC lifted its position in SPDR Gold Shares by 13.1% in the fourth quarter. Colton Groome Financial Advisors LLC now owns 2,265 shares of the exchange traded fund’s stock valued at $898,000 after acquiring an additional 262 shares during the last quarter. JMG Financial Group Ltd. lifted its position in SPDR Gold Shares by 15.3% in the fourth quarter. JMG Financial Group Ltd. now owns 2,527 shares of the exchange traded fund’s stock valued at $1,001,000 after acquiring an additional 335 shares during the last quarter. Florida Financial Advisors LLC lifted its position in SPDR Gold Shares by 8.6% in the fourth quarter. Florida Financial Advisors LLC now owns 7,303 shares of the exchange traded fund’s stock valued at $2,894,000 after acquiring an additional 576 shares during the last quarter. Finally, Lcnb Corp lifted its position in SPDR Gold Shares by 0.5% in the fourth quarter. Lcnb Corp now owns 5,512 shares of the exchange traded fund’s stock valued at $2,184,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $411.26 on Tuesday. The company has a 50-day simple moving average of $424.95 and a 200-day simple moving average of $426.83. SPDR Gold Shares has a one year low of $299.89 and a one year high of $509.70. The stock has a market capitalization of $149.58 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

Key Headlines Impacting SPDR Gold Shares

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

• Negative Sentiment: Gold fell from a two-week high as the dollar strengthened and oil prices jumped amid fresh U.S.-Iran strikes, creating a headwind for the metal and for SPDR Gold Shares (GLD). Update: Gold Falls Off a Two-Week High as Oil Rises as the U.S. and Iran Trade Strikes
• Negative Sentiment: Spot gold was lower as crude oil climbed, Treasury yields firmed, and U.S.-Iran negotiations remained unresolved, reinforcing a risk-off but dollar-supportive backdrop that can pressure GLD. Gold falls as oil jumps on U.S.-Iran deadlock – Kitco PM Report
• Negative Sentiment: Better-than-expected U.S. manufacturing data pushed gold lower by supporting Treasury yields and reducing expectations for near-term Fed rate cuts. Spot gold trades near $4,460/oz after ISM Manufacturing PMI rises to 54
• Negative Sentiment: Several market commentary pieces also pointed to a stronger dollar, higher oil, and easing rate-cut bets as reasons gold retreated, which is weighing on GLD sentiment. Gold News: Rising Oil Prices Darken Gold Price Future Before Payrolls

SPDR Gold Shares 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.