SPDR Gold Shares $GLD Shares Sold by Capital Wealth Planning LLC

Capital Wealth Planning LLC lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 50.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,407 shares of the exchange traded fund’s stock after selling 13,565 shares during the quarter. Capital Wealth Planning LLC’s holdings in SPDR Gold Shares were worth $5,313,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of GLD. WPG Advisers LLC acquired a new position in shares of SPDR Gold Shares during the fourth quarter valued at about $25,000. Chapman Financial Group LLC acquired a new position in shares of SPDR Gold Shares during the second quarter valued at about $26,000. Vestwell Advisors LLC acquired a new position in shares of SPDR Gold Shares during the third quarter valued at about $27,000. Eukles Asset Management acquired a new position in shares of SPDR Gold Shares during the fourth quarter valued at about $27,000. Finally, USA Financial Formulas acquired a new position in shares of SPDR Gold Shares during the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares News Roundup

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

• Negative Sentiment: Gold dropped sharply after the May CPI report kept inflation concerns alive, pushing yields higher and weakening demand for non-yielding assets like gold. Gold, silver fall as CPI keeps Fed pressure on – Kitco AM Report
• Negative Sentiment: Gold broke below major technical support, including the 200-day moving average, raising the risk of further downside in the near term. Gold (XAU/USD) Price Forecast: Bearish Breakdown Signals Trend Shift Risk
• Negative Sentiment: Traders are increasingly betting that the pain in gold could continue for an extended period as the ETF has slid well off its highs. As gold’s tumble continues, traders bet the pain may last for two more years
• Negative Sentiment: Several market reports say gold remains under pressure ahead of CPI and after the release, with a stronger dollar, rising oil prices, and persistent rate-hike expectations weighing on bullion. Gold and Silver Price Forecast: Metals Face Pressure Before CPI Data

SPDR Gold Shares Stock Down 4.1%

GLD opened at $374.58 on Thursday. SPDR Gold Shares has a 52-week low of $299.89 and a 52-week high of $509.70. The company has a market cap of $136.23 billion, a P/E ratio of -32.43 and a beta of 0.14. The firm’s 50-day moving average price is $423.40 and its 200-day moving average price is $427.89.

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.