SPDR Gold Shares $GLD Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 571.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,949,227 shares of the exchange traded fund’s stock after purchasing an additional 3,360,966 shares during the period. SPDR Gold Shares makes up 0.8% of Corient Private Wealth LLC’s holdings, making the stock its 23rd biggest holding. Corient Private Wealth LLC owned 1.04% of SPDR Gold Shares worth $1,565,118,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after buying an additional 1,903 shares during the last quarter. Bison Wealth LLC grew its position in SPDR Gold Shares by 77.8% in the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after acquiring an additional 2,600 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in SPDR Gold Shares in the first quarter worth approximately $16,014,000. Schnieders Capital Management LLC. increased its stake in SPDR Gold Shares by 4.8% during the second quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock worth $1,829,000 after acquiring an additional 275 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new stake in SPDR Gold Shares during the second quarter worth $337,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares News Summary

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

• Negative Sentiment: Gold prices are retreating as the dollar tests yearly highs and traders reprice the Fed’s “higher-for-longer” message after the policy meeting. Gold, silver sink as dollar tests yearly highs following hawkish Fed – Kitco PM Report
• Negative Sentiment: Gold is also being pressured by stronger U.S. data, including a rebound in the Philly Fed survey and solid labor-market readings, which reduce expectations for near-term easing. Gold prices remain under pressure as Philly Fed Survey rebounds to 10.3 in June
• Neutral Sentiment: Some analysts say gold ETFs still deserve a place in long-term portfolios because of central-bank buying and diversification benefits, which may help limit downside over time. Why Gold ETFs Still Deserve a Place in Long-Term Portfolios
• Neutral Sentiment: Broader geopolitical uncertainty and central-bank reserve accumulation continue to provide a long-term backdrop of support, even as short-term pricing weakens. Central banks are bringing gold reserves home as geopolitical risks rise
• Negative Sentiment: Technical analysts warn that gold has broken lower from recent resistance and may be heading toward key support zones, suggesting more near-term downside for GLD if the selling continues. Gold (XAU/USD) Price Forecast: Can Bulls Defend Fibonacci Support?

SPDR Gold Shares Stock Down 0.4%

NYSEARCA:GLD opened at $387.12 on Friday. SPDR Gold Shares has a 52 week low of $299.89 and a 52 week high of $509.70. The stock’s fifty day moving average is $418.52 and its two-hundred day moving average is $428.27. The company has a market capitalization of $140.80 billion, a P/E ratio of -32.43 and a beta of 0.14.

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.