Impact Partnership Wealth LLC trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 26.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,643 shares of the exchange traded fund’s stock after selling 14,145 shares during the quarter. SPDR Gold Shares accounts for 2.0% of Impact Partnership Wealth LLC’s portfolio, making the stock its 13th largest position. Impact Partnership Wealth LLC’s holdings in SPDR Gold Shares were worth $15,315,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. WPG Advisers LLC bought a new position in shares of SPDR Gold Shares during the fourth quarter worth $25,000. Chapman Financial Group LLC bought a new position in shares of SPDR Gold Shares during the second quarter worth $26,000. Hopwood Financial Services Inc. bought a new position in shares of SPDR Gold Shares during the third quarter worth $27,000. Vestwell Advisors LLC bought a new position in shares of SPDR Gold Shares during the third quarter worth $27,000. Finally, Eukles Asset Management bought a new position in shares of SPDR Gold Shares during the fourth quarter worth $27,000. 42.19% of the stock is owned by institutional investors.
Trending Headlines about SPDR Gold Shares
Here are the key news stories impacting SPDR Gold Shares this week:
- Positive Sentiment: Gold prices bounced as traders looked for a bullish reversal near key technical support, with some analysts saying buyers are still defending the long-term trend. Gold (XAU/USD) Price Forecast: Falling Wedge Signals Bullish Reversal
- Positive Sentiment: Weaker U.S. growth data and softer labor readings have kept alive hopes that the Federal Reserve could cut rates later this year, which tends to be supportive for gold. Gold rebounds as weak GDP offsets Hormuz risk – Kitco PM Report
- Positive Sentiment: Gold also benefited from renewed buying on dips and lingering geopolitical uncertainty, including headlines tied to Iran and the Middle East. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Prices Jump Amid Iran Deal Hopes
- Neutral Sentiment: Investors are now watching U.S. manufacturing, jobs, and other macro data for clues on inflation and interest rates, which could drive gold and GLD next. Gold braces for labor market week as investors eye manufacturing, jobs data
- Negative Sentiment: Gold has also faced selling pressure as inflation worries, higher yields, and a firmer dollar pushed prices to a two-month low at points this week, limiting upside for GLD. Gold tumbles to two-month low as inflation hedge status fades
SPDR Gold Shares Stock Up 1.1%
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.
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