DCF Advisers LLC Trims Holdings in SPDR Gold Shares $GLD

DCF Advisers LLC decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 13.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,000 shares of the exchange traded fund’s stock after selling 2,000 shares during the quarter. SPDR Gold Shares comprises 1.4% of DCF Advisers LLC’s holdings, making the stock its 21st largest position. DCF Advisers LLC’s holdings in SPDR Gold Shares were worth $5,152,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in GLD. Bank of Montreal Can purchased a new position in SPDR Gold Shares during the third quarter worth approximately $556,282,000. Corient Private Wealth LLC raised its position in SPDR Gold Shares by 108.1% in the second quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock valued at $327,500,000 after purchasing an additional 559,507 shares during the period. Axxcess Wealth Management LLC raised its position in SPDR Gold Shares by 1,158.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 504,462 shares of the exchange traded fund’s stock valued at $199,923,000 after purchasing an additional 464,376 shares during the period. Teacher Retirement System of Texas raised its position in SPDR Gold Shares by 103.7% in the fourth quarter. Teacher Retirement System of Texas now owns 568,900 shares of the exchange traded fund’s stock valued at $225,461,000 after purchasing an additional 289,550 shares during the period. Finally, Dynasty Wealth Management LLC purchased a new stake in SPDR Gold Shares in the fourth quarter valued at $108,320,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 4.1%

NYSEARCA: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 capitalization of $136.23 billion, a P/E ratio of -32.43 and a beta of 0.14. The stock’s fifty day moving average is $423.40 and its two-hundred day moving average is $427.89.

Key Headlines Impacting SPDR Gold Shares

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 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.