GWN Securities Inc. Purchases 1,364 Shares of SPDR Gold Shares $GLD

GWN Securities Inc. boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 19.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,467 shares of the exchange traded fund’s stock after purchasing an additional 1,364 shares during the quarter. GWN Securities Inc.’s holdings in SPDR Gold Shares were worth $3,356,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WPG Advisers LLC bought a new stake in SPDR Gold Shares during the 4th quarter worth about $25,000. Chapman Financial Group LLC bought a new position in SPDR Gold Shares in the second quarter valued at approximately $26,000. Vestwell Advisors LLC bought a new position in SPDR Gold Shares in the third quarter valued at approximately $27,000. Eukles Asset Management bought a new position in SPDR Gold Shares in the fourth quarter valued at approximately $27,000. Finally, USA Financial Formulas bought a new position in SPDR Gold Shares in the fourth quarter valued at approximately $31,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of GLD stock 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 stock has a market cap of $136.23 billion, a PE ratio of -32.43 and a beta of 0.14. The firm’s 50 day moving average price is $423.40 and its two-hundred day moving average price 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.