OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm acquired 2,450 shares of the exchange traded fund’s stock, valued at approximately $971,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. WPG Advisers LLC purchased a new stake in SPDR Gold Shares during the 4th quarter worth about $25,000. Timmons Wealth Management LLC acquired a new stake in SPDR Gold Shares during the 4th quarter worth approximately $26,000. Chapman Financial Group LLC acquired a new stake in SPDR Gold Shares during the 2nd quarter worth approximately $26,000. Vestwell Advisors LLC acquired a new stake in SPDR Gold Shares during the 3rd quarter worth approximately $27,000. Finally, Eukles Asset Management acquired a new stake in shares of SPDR Gold Shares in the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.
More SPDR Gold Shares News
Here are the key news stories impacting SPDR Gold Shares this week:
- Positive Sentiment: Gold prices jumped to multi-day highs after the U.S.-Iran ceasefire/truce reduced geopolitical risk and lowered inflation expectations, boosting GLD. Gold clears $4,300 as Hormuz deal cuts oil, yield pressure – Kitco PM Report
- Positive Sentiment: Several market reports said gold continued to climb as oil prices tumbled, U.S. yields fell, and the dollar weakened, all of which are supportive for gold prices and GLD. Update: Gold Sharply Higher As the U.S. and Iran Reach a Truce, Easing Inflation Worries
- Positive Sentiment: Analysts noted that gold held near session highs as weak U.S. manufacturing data and rising input prices reinforced expectations for easier Fed policy, which can further support bullion. Gold prices holding near session highs as Empire State Survey falls to 5.7 in June
- Neutral Sentiment: One report said the London Bullion Market Association may shift its auction timing to better serve Asian traders; this is more of a market-structure development than a direct catalyst for GLD. Gold Jumps as Benchmark Debate Builds
- Negative Sentiment: Some analysts warned that higher inflation could still keep rate-cut expectations in check, which may limit further upside for gold if Treasury yields rise again. Gold and silver rally after Iran-U.S. deal, but face headwinds from rate hike expectations – Heraeus
SPDR Gold Shares Price 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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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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