VVR Holdings LLC acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 24,267 shares of the exchange traded fund’s stock, valued at approximately $9,617,000. SPDR Gold Shares accounts for about 5.0% of VVR Holdings LLC’s holdings, making the stock its 7th largest position.
Other large investors also recently bought and sold shares of the company. WPG Advisers LLC acquired a new stake in shares of SPDR Gold Shares during the fourth quarter valued at about $25,000. Chapman Financial Group LLC purchased a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at approximately $26,000. Hopwood Financial Services Inc. acquired a new position in shares of SPDR Gold Shares in 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, Eukles Asset Management purchased a new position in shares of SPDR Gold Shares during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 42.19% of the company’s stock.
SPDR Gold Shares Stock Performance
SPDR Gold Shares stock opened at $397.27 on Tuesday. The company has a market capitalization of $144.49 billion, a PE ratio of -32.43 and a beta of 0.14. SPDR Gold Shares has a fifty-two week low of $299.89 and a fifty-two week high of $509.70. The firm has a 50 day moving average price of $424.67 and a 200 day moving average price of $427.78.
Key SPDR Gold Shares News
- 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 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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