Trivium Point Advisory LLC boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD – Free Report) by 1,145.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 26,769 shares of the exchange traded fund’s stock after acquiring an additional 24,619 shares during the quarter. SPDR Gold Shares accounts for approximately 0.9% of Trivium Point Advisory LLC’s holdings, making the stock its 29th biggest holding. Trivium Point Advisory LLC’s holdings in SPDR Gold Shares were worth $9,861,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. N.E.W. Advisory Services LLC raised its stake in SPDR Gold Shares by 3.1% in the 2nd quarter. N.E.W. Advisory Services LLC now owns 3,906 shares of the exchange traded fund’s stock valued at $1,439,000 after purchasing an additional 116 shares during the last quarter. HBK Sorce Advisory LLC boosted its stake in SPDR Gold Shares by 16.6% during the 2nd quarter. HBK Sorce Advisory LLC now owns 7,282 shares of the exchange traded fund’s stock worth $2,837,000 after purchasing an additional 1,036 shares during the last quarter. Zeit Capital LLC boosted its stake in SPDR Gold Shares by 1.4% during the 2nd quarter. Zeit Capital LLC now owns 12,934 shares of the exchange traded fund’s stock worth $4,765,000 after purchasing an additional 176 shares during the last quarter. J.Safra Asset Management Corp grew its holdings in shares of SPDR Gold Shares by 10.9% during the second quarter. J.Safra Asset Management Corp now owns 82,965 shares of the exchange traded fund’s stock worth $30,563,000 after buying an additional 8,122 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of SPDR Gold Shares during the second quarter worth $20,924,000. Institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Up 2.0%
Shares of NYSEARCA GLD opened at $423.36 on Friday. The firm has a 50-day simple moving average of $382.88 and a 200-day simple moving average of $417.49. The stock has a market capitalization of $149.49 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a 52 week low of $306.43 and a 52 week high of $509.70.
Key Headlines Impacting SPDR Gold Shares
- Positive Sentiment: Gold climbed back above $4,600 per ounce after the Treasury expanded long-duration bond buybacks. Investors interpreted the move as an effort to contain borrowing costs, pressuring the dollar and supporting non-yielding assets such as gold. Gold Above $4,600 on Weaker Dollar, Debt Fears
- Positive Sentiment: Gold is heading toward a weekly gain of roughly 5%, aided by bond-market jitters, fiscal concerns and dollar weakness. Technical momentum also improved as bullion moved above its 200-day moving average and key resistance levels. Gold rebounds as bond jitters, debt fears and weaker dollar revive bullion demand
- Positive Sentiment: Ray Dalio recommended reducing bond exposure and increasing allocations to gold and Bitcoin, arguing that recent Treasury actions indicate a debt crisis may be approaching. The comments reinforce the safe-haven investment case for GLD. Ray Dalio recommends gold and bitcoin
- Positive Sentiment: Unusually heavy bullish options activity signals increased speculative interest in GLD, with call-option volume about 76% above its average. Traders purchase GLD call options
- Neutral Sentiment: Next week’s July PCE inflation report and Federal Reserve Chair Kevin Warsh’s Jackson Hole speech could drive volatility by changing expectations for interest rates and the dollar. Gold looks to PCE inflation and Jackson Hole
- Negative Sentiment: Stronger-than-expected U.S. economic data, including an August composite PMI of 56.0, could support the dollar and reduce expectations for Federal Reserve easing, creating a potential short-term headwind for gold and GLD. Spot gold holds above $4,585
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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