Cardiff Park Advisors LLC Makes New Investment in SPDR Gold Shares $GLD

Cardiff Park Advisors LLC bought a new stake in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 28,476 shares of the exchange traded fund’s stock, valued at approximately $12,253,000. SPDR Gold Shares accounts for 1.0% of Cardiff Park Advisors LLC’s investment portfolio, making the stock its 21st biggest position.

Other hedge funds also recently modified their holdings of the company. Prepared Retirement Institute LLC grew its holdings 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 in the last quarter. Hughes Financial Services LLC lifted its stake in SPDR Gold Shares by 3.4% in the 4th quarter. Hughes Financial Services LLC now owns 667 shares of the exchange traded fund’s stock worth $264,000 after acquiring an additional 22 shares in the last quarter. PFS Partners LLC boosted its position in SPDR Gold Shares by 2.4% during the 4th quarter. PFS Partners LLC now owns 1,078 shares of the exchange traded fund’s stock worth $427,000 after acquiring an additional 25 shares during the period. Steigerwald Gordon & Koch Inc. boosted its position in SPDR Gold Shares by 28.7% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 112 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 25 shares during the period. Finally, Leisure Capital Management boosted its position in SPDR Gold Shares by 1.9% during the 4th quarter. Leisure Capital Management now owns 1,371 shares of the exchange traded fund’s stock worth $543,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Gold is holding above the important $4,000 level, suggesting buyers are still stepping in on dips and that the market may be forming a base. Gold continues to hold $4,000, which could signal inflection point, analysts say
• Positive Sentiment: China’s June gold imports hit a two-year high, signaling strong physical demand from the world’s largest bullion market. China’s June gold imports hit fresh two-year high of 173 tonnes as lower prices boost demand
• Positive Sentiment: Lower Treasury yields and a pullback in oil prices have helped gold rebound intraday, reinforcing its role as a defensive asset. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Oil Prices Pull Back
• Positive Sentiment: ETF flow data show investors rotating toward commodities and other defensive exposures, which can support demand for gold-backed funds like GLD. The Defensive Shift: This Week’s Top 10 ETF Inflows

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $371.90 on Monday. The stock has a market cap of $131.32 billion, a PE ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a fifty-two week low of $300.95 and a fifty-two week high of $509.70. The stock’s 50-day moving average is $388.19 and its two-hundred day moving average is $423.93.

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.