SPDR Gold Shares $GLD Shares Bought by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,949 shares of the exchange traded fund’s stock after buying an additional 2,092 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in SPDR Gold Shares were worth $13,454,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Kovack Advisors Inc. lifted its holdings in SPDR Gold Shares by 140.7% during the 4th quarter. Kovack Advisors Inc. now owns 28,073 shares of the exchange traded fund’s stock worth $11,126,000 after buying an additional 16,411 shares in the last quarter. Sepio Capital LP raised its holdings in shares of SPDR Gold Shares by 8.6% in the 4th quarter. Sepio Capital LP now owns 19,417 shares of the exchange traded fund’s stock valued at $7,695,000 after purchasing an additional 1,544 shares in the last quarter. Manchester Financial Inc. raised its holdings in shares of SPDR Gold Shares by 8.4% in the 4th quarter. Manchester Financial Inc. now owns 2,015 shares of the exchange traded fund’s stock valued at $799,000 after purchasing an additional 157 shares in the last quarter. Absolute Capital Management LLC acquired a new stake in shares of SPDR Gold Shares in the 4th quarter valued at $208,000. Finally, Sumitomo Mitsui Financial Group Inc. raised its holdings in shares of SPDR Gold Shares by 6.2% in the 4th quarter. Sumitomo Mitsui Financial Group Inc. now owns 546,779 shares of the exchange traded fund’s stock valued at $216,694,000 after purchasing an additional 31,897 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about SPDR Gold Shares

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

• Positive Sentiment: Gold found buyers after testing major support, with some analysts saying the market may be forming a bottom near the $4,000 area. Gold (XAU/USD) Price Forecast: Undercut Setup Signals Potential Bottom
• Positive Sentiment: Some strategists argued the longer-term gold bull market is still intact despite the recent drop below key price levels, which could encourage dip buying in GLD. Don’t fear a drop below $4,000, gold’s bull market isnt broken – Thorsten Polleit
• Neutral Sentiment: Gold and GLD remain under pressure from higher-for-longer interest rate expectations, a stronger dollar, and elevated bond yields, which have driven the metal to recent six- and seven-month lows. Gold slumps to 6-month low even as inflation fears rise. Here’s why bullion is out of favor
• Neutral Sentiment: Mixed macro signals are keeping the ETF volatile: hotter-than-expected PPI and CPI readings are bearish for gold, while safe-haven demand from geopolitical tensions and talk of a potential bottom are offering some support. Update: Gold Rises on a Restart of Iranian Talks; U.S. Wholesale Inflation Rose More Than Expected in May
• Negative Sentiment: Several market reports warned that the recent decline may not be over, with GLD breaking key technical support and some traders betting the pain could last longer if rates stay elevated. As gold’s tumble continues, traders bet the pain may last for two more years

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $386.32 on Friday. The firm has a market capitalization of $140.50 billion, a P/E ratio of -32.43 and a beta of 0.14. SPDR Gold Shares has a 12 month low of $299.89 and a 12 month high of $509.70. The company’s fifty day moving average price is $422.52 and its 200 day moving average price is $427.97.

SPDR Gold Shares Company 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.