3,971 SPDR Gold Shares $GLD Shares Sold by Kelleher Financial Advisors

Kelleher Financial Advisors cut its stake in SPDR Gold Shares (NYSEARCA:GLD) by 52.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,636 shares of the exchange traded fund’s stock after selling 3,971 shares during the quarter. Kelleher Financial Advisors’ holdings in SPDR Gold Shares were worth $1,385,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GLD. Provenance Wealth Advisors LLC boosted its position in shares of SPDR Gold Shares by 66.5% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 4,234 shares of the exchange traded fund’s stock valued at $1,612,000 after acquiring an additional 1,691 shares during the last quarter. One Day In July LLC grew its holdings in shares of SPDR Gold Shares by 1.3% in the third quarter. One Day In July LLC now owns 2,724 shares of the exchange traded fund’s stock valued at $1,037,000 after purchasing an additional 35 shares during the period. Integras Partners LLC purchased a new stake in shares of SPDR Gold Shares in the third quarter valued at about $249,000. Lyell Wealth Management LP grew its holdings in shares of SPDR Gold Shares by 2.6% in the third quarter. Lyell Wealth Management LP now owns 35,786 shares of the exchange traded fund’s stock valued at $13,629,000 after purchasing an additional 897 shares during the period. Finally, Associated Banc Corp acquired a new stake in SPDR Gold Shares during the third quarter worth about $11,814,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: Democratic election victories coincided with a weaker U.S. dollar and lower Treasury yields, making gold more attractive and prompting renewed buying. Gold also benefited from safe-haven demand and falling oil prices. Gold and silver surge as Democratic midterm sweep drives dollar, yields lower
• Positive Sentiment: Longer-term support comes from strong investment demand and central-bank purchases, which rose 42% according to the World Gold Council. Gold demand remains near record highs as central bank buying surges 42%
• Neutral Sentiment: Gold’s election-driven rebound reclaimed the $4,000-per-ounce level, but analysts say it still needs to clear technical resistance to confirm a stronger recovery. Gold was later flat in early Asian trading after the sharp rise. Gold price forecast: Post-election rally tests critical resistance
• Negative Sentiment: Stronger-than-expected employment and services activity, persistent inflation, and rising real yields could support a more restrictive Federal Reserve stance and renew pressure on gold. Investors are watching Friday’s jobs report and the Fed for clues. Gold rebounds, but remains vulnerable ahead of jobs report

SPDR Gold Shares Trading Up 3.7%

SPDR Gold Shares stock opened at $372.49 on Thursday. The company has a 50-day moving average price of $386.88 and a 200 day moving average price of $412.08. SPDR Gold Shares has a 12-month low of $354.67 and a 12-month high of $509.70. The stock has a market cap of $136.00 billion, a P/E ratio of -32.43 and a beta of 0.20.

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.