Cerity Partners LLC raised its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 2.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 438,250 shares of the exchange traded fund’s stock after acquiring an additional 9,702 shares during the period. Cerity Partners LLC’s holdings in SPDR Gold Shares were worth $173,800,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in GLD. Bank of Montreal Can purchased a new position in SPDR Gold Shares in the third quarter valued at approximately $556,282,000. Corient Private Wealth LLC increased its stake in SPDR Gold Shares by 108.1% in the second quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock valued at $327,500,000 after purchasing an additional 559,507 shares during the last quarter. Axxcess Wealth Management LLC increased its stake in SPDR Gold Shares by 1,158.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 504,462 shares of the exchange traded fund’s stock valued at $199,923,000 after purchasing an additional 464,376 shares during the last quarter. Teacher Retirement System of Texas increased its stake in SPDR Gold Shares by 103.7% in the fourth quarter. Teacher Retirement System of Texas now owns 568,900 shares of the exchange traded fund’s stock valued at $225,461,000 after purchasing an additional 289,550 shares during the last quarter. Finally, Dynasty Wealth Management LLC purchased a new position in SPDR Gold Shares in the fourth quarter valued at approximately $108,320,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.
SPDR Gold Shares Stock Up 0.3%
Shares of SPDR Gold Shares stock opened at $397.27 on Tuesday. The firm has a market capitalization of $144.49 billion, a P/E ratio of -32.43 and a beta of 0.14. SPDR Gold Shares has a 52 week low of $299.89 and a 52 week high of $509.70. The firm’s 50 day moving average is $424.67 and its two-hundred day moving average is $427.78.
SPDR Gold Shares News Summary
- Positive Sentiment: China increased its gold reserves by 9.95 tonnes in May, marking its 19th straight month of purchases and reinforcing long-term demand for bullion. China increases gold reserves by 9.95 tonnes in May for 19th straight month of purchases
- Positive Sentiment: Some traders are buying the dip as gold attempts to rebound after the selloff, suggesting short-term support may be forming. Gold Attempts To Rebound After Sell-Off
- Neutral Sentiment: Gold held near $4,330 as safe-haven demand from Middle East tensions was offset by firmer rate expectations and a stronger dollar. Gold holds near $4,330 as oil pares Iran-Israel risk premium – Kitco PM Report
- Neutral Sentiment: ETF investors poured billions into stock funds overall, even as GLD saw a significant outflow, showing mixed appetite across the market. ETF Investors Shrug Off Friday’s Selloff, Pour In $41 Billion
- Negative Sentiment: Gold hit a fresh five-month low and gave up year-to-date gains as rising oil prices fueled inflation worries and kept pressure on bullion. Update: Gold Gives Up All Its Gains This Year as Rising Oil Prices Heighten Inflation Worries
- Negative Sentiment: GLD recorded $702 million in outflows, indicating investors have been reducing exposure to the gold ETF. Daily ETF Flows: GLD Loses $702M
SPDR Gold Shares Company 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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Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD – Free Report).
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