Atria Investments Inc boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,092 shares of the exchange traded fund’s stock after buying an additional 7,257 shares during the period. SPDR Gold Shares accounts for about 1.0% of Atria Investments Inc’s portfolio, making the stock its 12th largest holding. Atria Investments Inc’s holdings in SPDR Gold Shares were worth $84,847,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GLD. Calder Financial LLC acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth about $807,000. Empirical Asset Management LLC increased its stake in SPDR Gold Shares by 256.7% in the 3rd quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock valued at $12,941,000 after buying an additional 26,197 shares during the period. Colonial Trust Advisors increased its stake in SPDR Gold Shares by 7.6% in the 3rd quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock valued at $7,010,000 after buying an additional 1,385 shares during the period. FAS Wealth Partners Inc. raised its position in SPDR Gold Shares by 71.1% during the 3rd quarter. FAS Wealth Partners Inc. now owns 20,916 shares of the exchange traded fund’s stock worth $7,435,000 after buying an additional 8,691 shares during the last quarter. Finally, Ervin Investment Management LLC purchased a new position in SPDR Gold Shares during the 4th quarter worth $7,178,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
Key SPDR Gold Shares News
Here are the key news stories impacting SPDR Gold Shares this week:
- 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
SPDR Gold Shares Stock Performance
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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