Vestmark Advisory Solutions Inc. raised its stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 172.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 202,821 shares of the exchange traded fund’s stock after acquiring an additional 128,456 shares during the period. SPDR Gold Shares makes up 1.1% of Vestmark Advisory Solutions Inc.’s holdings, making the stock its 13th biggest holding. Vestmark Advisory Solutions Inc.’s holdings in SPDR Gold Shares were worth $80,380,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of GLD. WPG Advisers LLC bought a new stake in SPDR Gold Shares in the fourth quarter valued at about $25,000. Chapman Financial Group LLC bought a new position in SPDR Gold Shares during the 2nd quarter worth approximately $26,000. Hopwood Financial Services Inc. bought a new position in SPDR Gold Shares during the 3rd quarter worth approximately $27,000. Vestwell Advisors LLC acquired a new position in shares of SPDR Gold Shares in the 3rd quarter worth approximately $27,000. Finally, USA Financial Formulas acquired a new position in shares of SPDR Gold Shares in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds 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:
- Neutral Sentiment: Gold and silver were mixed to slightly lower as investors weighed sticky inflation data, U.S.-Iran truce developments, and shifting rate expectations, with gold breaking below a key channel level. Gold (XAUUSD) & Silver Price Forecast: Gold Breaks $4,520 Channel as Silver Rejects $76 — More Downside Ahead?
- Neutral Sentiment: Spot gold remained under pressure as the strong U.S. dollar, higher Treasury yields, and renewed Fed rate-hike risk kept buyers cautious near support. Gold Price Analysis: Fed Rate Risks Keep XAUUSD and XAGUSD Under Pressure
- Neutral Sentiment: Gold is consolidating in a tightening technical range, suggesting traders are waiting for a breakout before the next major trend becomes clear. Gold (XAU/USD) Price Forecast: Momentum Builds Inside Tightening Range
- Neutral Sentiment: Gold found some support from easing Treasury yields and weaker oil prices, but those gains were offset by a firmer dollar. Gold steadies, silver rises as as Hormuz risk premium fades – Kitco PM Report
- Neutral Sentiment: Some reports point to longer-term support for gold as a monetary asset, but the near-term setup remains driven by rates and technicals. Gold’s ‘golden decade’ enters next phase with new $8,900 target – In Gold We Trust Report
- Negative Sentiment: Gold has broken below key support near $4,500, and several analysts say rising yields and rate fears could leave the metal vulnerable to more downside in the short term. Gold price faces downside risk on break of 200-DMA and $4,350 critical support – Societe Generale
SPDR Gold Shares Trading Down 0.1%
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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