SPDR Gold Shares $GLD Stake Reduced by BCM Advisors LLC

BCM Advisors LLC lowered its stake in SPDR Gold Shares (NYSEARCA:GLD) by 6.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 193,125 shares of the exchange traded fund’s stock after selling 13,896 shares during the quarter. SPDR Gold Shares accounts for 15.6% of BCM Advisors LLC’s portfolio, making the stock its 2nd biggest position. BCM Advisors LLC owned 0.05% of SPDR Gold Shares worth $80,091,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Morgan Stanley boosted its position in SPDR Gold Shares by 22.4% during the 4th quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock valued at $5,506,229,000 after buying an additional 2,539,266 shares during the period. Corient Private Wealth LLC increased its position in shares of SPDR Gold Shares by 571.3% in the fourth quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock valued at $1,565,118,000 after acquiring an additional 3,360,966 shares during the period. Virtu Financial LLC purchased a new position in shares of SPDR Gold Shares in the fourth quarter valued at about $474,952,000. Marino Management LLC bought a new position in shares of SPDR Gold Shares during the fourth quarter valued at about $438,475,000. Finally, Rockefeller Capital Management L.P. raised its stake in shares of SPDR Gold Shares by 13.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 938,260 shares of the exchange traded fund’s stock valued at $371,842,000 after acquiring an additional 109,205 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 2.0%

SPDR Gold Shares stock opened at $364.96 on Friday. The firm has a market cap of $128.17 billion, a P/E ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a 1-year low of $300.95 and a 1-year high of $509.70. The firm has a 50-day moving average of $395.05 and a 200-day moving average of $425.09.

More SPDR Gold Shares News

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

• Negative Sentiment: U.S. retail sales, jobless claims, and regional manufacturing data all came in stronger than expected, supporting the dollar and yields while weighing on gold. Update: Gold Trades Lower, Dollar and Yields Rise as US Retail Sales Growth Eased in June
• Negative Sentiment: Spot gold slipped below key psychological support near $4,000 as traders reacted to firmer yields and a stronger dollar, suggesting more near-term downside for bullion. Gold and silver fall as Fed-rate relief fades after data – Kitco AM Report
• Negative Sentiment: Multiple market reports flagged technical weakness, with gold breaking down from resistance and traders watching for deeper support levels if selling continues. Gold (XAU/USD) Price Forecast: Will Gold Break Below Major Support Levels?
• Negative Sentiment: GLD-specific flow data also looks unfavorable, with reports of roughly $14 billion to $15 billion in investor outflows since March, raising concerns about demand for the ETF itself. SPDR Gold Shares ETF sees $14B outflows since March 1 amid cost concerns

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.