3,742 Shares in SPDR Gold Shares $GLD Bought by Compass Financial Management LLC

Compass Financial Management LLC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,742 shares of the exchange traded fund’s stock, valued at approximately $1,395,000.

A number of other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after purchasing an additional 1,903 shares during the last quarter. Bison Wealth LLC increased its position in SPDR Gold Shares by 77.8% in the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after buying an additional 2,600 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in SPDR Gold Shares in the 1st quarter worth approximately $16,014,000. Schnieders Capital Management LLC. boosted its holdings in 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 period. Finally, Prudential Financial Inc. bought a new stake in shares of SPDR Gold Shares in the second quarter valued at about $337,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Up 0.8%

Shares of GLD opened at $426.69 on Tuesday. SPDR Gold Shares has a 12-month low of $309.67 and a 12-month high of $509.70. The firm has a market capitalization of $150.66 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. The stock’s 50-day moving average price is $383.48 and its 200 day moving average price is $417.22.

More SPDR Gold Shares News

Here are the key news stories impacting SPDR Gold Shares this week:

• Positive Sentiment: Gold prices advanced as concerns about the sustainability of U.S. government debt revived the “debasement trade.” A Bank of America survey found that speculative investors raised bullish gold positions for a third consecutive week, while many respondents viewed gold as undervalued. BofA survey says gold is undervalued and bullish speculative interest picks up
• Positive Sentiment: A weaker U.S. dollar, Treasury buyback plans and reported record exchange-traded-fund inflows are keeping buyers active and supporting expectations that gold’s breakout can continue. Gold ETF inflows confirm market breakout after buyback plan
• Positive Sentiment: Gold remained firm despite elevated Treasury yields, supported by fiscal-risk hedging, dollar weakness and lingering geopolitical uncertainty. The metal’s move above its 200-day moving average is also a positive technical signal for GLD. Gold nears $4,660 as PCE and Jackson Hole frame Fed trade
• Neutral Sentiment: Near-term direction may depend on upcoming inflation data and Federal Reserve commentary. Sticky inflation or a renewed prospect of rate hikes could interrupt gold’s rally by supporting yields and the dollar. Gold rally depends on sustained investment demand and Fed inflation response
• Neutral Sentiment: A large transaction involving the sale of nearly 116,000 GLD call options expiring September 18 could signal caution about near-term upside, although its investor and market-making implications are uncertain. A massive trade just happened in gold options
• Negative Sentiment: Investors holding GLD in taxable accounts should note that long-term gains may be taxed at the 28% collectibles rate rather than the lower rate commonly associated with other ETFs, potentially reducing after-tax returns. GLD gains are taxed as a collectible

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.