SPDR Gold Shares $GLD Stock Holdings Trimmed by Advisortrust Partners LLC

Advisortrust Partners LLC lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 16.3% in the first quarter, Holdings Channel.com reports. The fund owned 23,789 shares of the exchange traded fund’s stock after selling 4,629 shares during the quarter. SPDR Gold Shares comprises approximately 4.3% of Advisortrust Partners LLC’s holdings, making the stock its 6th largest position. Advisortrust Partners LLC’s holdings in SPDR Gold Shares were worth $10,236,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Morgan Stanley raised its holdings in SPDR Gold Shares by 22.4% in the fourth 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 lifted its holdings in shares of SPDR Gold Shares by 571.3% during the 4th 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 in the last quarter. Virtu Financial LLC purchased a new stake in SPDR Gold Shares during the 4th quarter worth $474,952,000. Marino Management LLC purchased a new stake in SPDR Gold Shares during the 4th quarter worth $438,475,000. Finally, Rockefeller Capital Management L.P. increased its holdings in SPDR Gold Shares by 13.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 938,260 shares of the exchange traded fund’s stock valued at $371,842,000 after purchasing an additional 109,205 shares in the last quarter. 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:

• Positive Sentiment: Gold briefly rebounded near $4,000/oz after softer U.S. inflation expectations and stronger consumer sentiment, which can support demand for safe-haven assets. Spot gold hits session high near $4,000/oz after preliminary Consumer Sentiment rises to 54.4, one-year inflation expectations ease
• Positive Sentiment: Some analysts say the broader gold bull market is not over and that central-bank buying remains a structural support for prices over the long term. Gold Rises; Central Bank Buying Likely to Remain Structural Driver
• Neutral Sentiment: Teucrium launched a new physical gold ETF, adding more competition and product choice in the gold ETF space. Teucrium Launches TPMT, a New Physical Gold ETF With a 0.24% Fee
• Negative Sentiment: Gold has slipped to an eight-month low and is struggling to hold support, with traders focused on bearish technical levels near $3,942 and below. Gold (XAU/USD) Price Forecast: Bearish Pressure Builds Near Critical Support
• Negative Sentiment: Stronger U.S. economic data, rising Treasury yields, and a firmer dollar have reduced demand for gold as a defensive asset. Gold breaks $4,000 as yields rise, Fed-rate relief fades – Kitco PM Report
• Negative Sentiment: SPDR Gold Shares has seen heavy investor outflows since March, signaling fading appetite for GLD amid gold’s pullback. Largest U.S. gold ETF sees 14 billion in outflows since March, amid gold’s year-to-date pullback

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $368.41 on Friday. The business’s 50-day moving average is $393.74 and its two-hundred day moving average is $424.69. SPDR Gold Shares has a 12 month low of $300.95 and a 12 month high of $509.70. The firm has a market capitalization of $129.31 billion, a PE ratio of -32.43 and a beta of 0.17.

About SPDR Gold Shares

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.