Mesirow Financial Investment Management Inc. lessened its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 24.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 161,977 shares of the exchange traded fund’s stock after selling 52,421 shares during the period. SPDR Gold Shares makes up about 1.3% of Mesirow Financial Investment Management Inc.’s investment portfolio, making the stock its 15th largest position. Mesirow Financial Investment Management Inc.’s holdings in SPDR Gold Shares were worth $64,193,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in 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 acquiring an additional 1,903 shares during the period. Bison Wealth LLC raised its stake in SPDR Gold Shares by 77.8% during the 4th 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 bought a new stake in SPDR Gold Shares during the 1st quarter worth approximately $16,014,000. Schnieders Capital Management LLC. raised its stake in SPDR Gold Shares by 4.8% during the 2nd 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 period. Finally, Prudential Financial Inc. bought a new stake in SPDR Gold Shares during the 2nd quarter worth approximately $337,000. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Down 0.6%
Shares of SPDR Gold Shares stock opened at $430.50 on Thursday. The stock’s 50-day simple moving average is $437.45 and its 200-day simple moving average is $422.61. SPDR Gold Shares has a 52 week low of $291.78 and a 52 week high of $509.70. The company has a market capitalization of $156.57 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.
SPDR Gold Shares News Summary
- Positive Sentiment: Some analysts and strategists still see a constructive longer-term setup for gold, with commentary pointing to inflation, heavy U.S. debt, and geopolitical uncertainty as reasons the metal could remain supported over time. Gold will navigate near-term headwinds to reach $5,000/oz by year-end – ING’s Manthey
- Positive Sentiment: India’s higher import tariffs on gold and silver could support prices by tightening demand in one of the world’s biggest precious-metals markets. India Raises Gold, Silver Tariffs to Curb Imports
- Neutral Sentiment: Technical coverage suggests GLD is near an important support zone, with traders watching moving averages to see whether the recent pullback turns into a bounce or a deeper correction. The gold chart looks poised for a bounce. How to play it for less
- Neutral Sentiment: Gold is also being described as range-bound near a key 100-day moving average, leaving direction dependent on whether buyers can reclaim technical resistance. Gold (XAU/USD) Price Forecast: 100-Day Average Defines Next Move
- Negative Sentiment: Multiple reports say gold weakened after the latest U.S. producer-price and inflation prints, as stronger yields and a firmer dollar pressured bullion lower. Gold weakens, silver tests $90 after April producer-price shock – Kitco PM Report
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.
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