Doliver Advisors LP boosted its holdings in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 143.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,577 shares of the exchange traded fund’s stock after purchasing an additional 1,519 shares during the quarter. Doliver Advisors LP’s holdings in SPDR Gold Shares were worth $949,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of GLD. Brighton Jones LLC grew its holdings in shares of SPDR Gold Shares by 20.4% during the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after buying an additional 1,903 shares during the last quarter. Bison Wealth LLC lifted its position 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 purchased a new position in shares of SPDR Gold Shares in the 1st quarter valued at approximately $16,014,000. Schnieders Capital Management LLC. grew its stake in shares of SPDR Gold Shares by 4.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock valued at $1,829,000 after purchasing an additional 275 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new position in shares of SPDR Gold Shares in the 2nd quarter valued at approximately $337,000. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Trading Down 0.4%
NYSEARCA:GLD opened at $400.96 on Wednesday. SPDR Gold Shares has a 12-month low of $305.19 and a 12-month high of $509.70. The stock’s 50 day simple moving average is $380.66 and its 200-day simple moving average is $420.60. The firm has a market cap of $141.58 billion, a P/E ratio of -32.43 and a beta of 0.17.
SPDR Gold Shares News Roundup
- Positive Sentiment: Safe-haven demand linked to the Strait of Hormuz standoff, slipping equities and rising energy prices helped keep gold elevated. These conditions are supportive for GLD because they can increase demand for defensive assets. Gold holds near two-month high as equities slip, oil rallies
- Positive Sentiment: China’s first-half gold consumption rose 1.23% year over year as strong investment demand offset weaker jewelry sales, signaling continued physical and investment interest in the metal. China’s gold consumption rises in H1
- Positive Sentiment: Recent gold gains have been attributed to weaker U.S. employment data, lower real yields, easing Fed expectations, renewed ETF inflows and persistent central-bank buying. Analysts continue to identify a possible move toward $4,500 and, over a longer horizon, $5,000 per ounce. Gold price could test and move beyond recent highs
- Neutral Sentiment: Gold’s technical breakout above resistance is being tested. Support near $4,357 and the 52-week moving average around $4,350 could determine whether momentum resumes or fades; CPI is the next major catalyst. Gold breakout faces a key test
- Negative Sentiment: Profit-taking after gold’s sharp rally, a steadier dollar and elevated yields pressured precious metals. A stronger-than-expected inflation reading could further reduce expectations for Fed easing and weigh on GLD. Gold and silver ease ahead of CPI
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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