ADAPT Investment Managers SA Buys New Position in SPDR Gold Shares $GLD

ADAPT Investment Managers SA bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 139,900 shares of the exchange traded fund’s stock, valued at approximately $55,444,000. SPDR Gold Shares comprises about 0.4% of ADAPT Investment Managers SA’s holdings, making the stock its 3rd largest position.

Several other hedge funds also recently modified their holdings of the stock. Prepared Retirement Institute LLC boosted its position in shares of SPDR Gold Shares by 1.6% during the fourth quarter. Prepared Retirement Institute LLC now owns 1,328 shares of the exchange traded fund’s stock valued at $526,000 after buying an additional 21 shares during the last quarter. Hughes Financial Services LLC boosted its position in shares of SPDR Gold Shares by 3.4% during the fourth quarter. Hughes Financial Services LLC now owns 667 shares of the exchange traded fund’s stock valued at $264,000 after buying an additional 22 shares during the last quarter. True Vision MN LLC boosted its position in shares of SPDR Gold Shares by 3.2% during the fourth quarter. True Vision MN LLC now owns 768 shares of the exchange traded fund’s stock valued at $304,000 after buying an additional 24 shares during the last quarter. Burns J W & Co. Inc. NY boosted its position in shares of SPDR Gold Shares by 0.7% during the fourth 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 buying an additional 25 shares during the last quarter. Finally, PFS Partners LLC boosted its position in shares of SPDR Gold Shares by 2.4% during the fourth quarter. PFS Partners LLC now owns 1,078 shares of the exchange traded fund’s stock valued at $427,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: Gold prices jumped to multi-day highs after the U.S.-Iran ceasefire/truce reduced geopolitical risk and lowered inflation expectations, boosting GLD. Gold clears $4,300 as Hormuz deal cuts oil, yield pressure – Kitco PM Report
• Positive Sentiment: Several market reports said gold continued to climb as oil prices tumbled, U.S. yields fell, and the dollar weakened, all of which are supportive for gold prices and GLD. Update: Gold Sharply Higher As the U.S. and Iran Reach a Truce, Easing Inflation Worries
• Positive Sentiment: Analysts noted that gold held near session highs as weak U.S. manufacturing data and rising input prices reinforced expectations for easier Fed policy, which can further support bullion. Gold prices holding near session highs as Empire State Survey falls to 5.7 in June
• Neutral Sentiment: One report said the London Bullion Market Association may shift its auction timing to better serve Asian traders; this is more of a market-structure development than a direct catalyst for GLD. Gold Jumps as Benchmark Debate Builds
• Negative Sentiment: Some analysts warned that higher inflation could still keep rate-cut expectations in check, which may limit further upside for gold if Treasury yields rise again. Gold and silver rally after Iran-U.S. deal, but face headwinds from rate hike expectations – Heraeus

SPDR Gold Shares Stock Up 2.6%

Shares of NYSEARCA:GLD opened at $396.55 on Tuesday. The stock has a market cap of $144.23 billion, a price-to-earnings 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 business’s 50 day moving average is $420.83 and its 200 day moving average is $428.13.

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.