SPDR Gold Shares $GLD Stock Holdings Decreased by GLOBALT Investments LLC GA

GLOBALT Investments LLC GA decreased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 30.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 210,630 shares of the exchange traded fund’s stock after selling 92,622 shares during the quarter. SPDR Gold Shares makes up 3.0% of GLOBALT Investments LLC GA’s holdings, making the stock its 6th largest holding. GLOBALT Investments LLC GA’s holdings in SPDR Gold Shares were worth $83,475,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GLD. Prepared Retirement Institute LLC boosted its holdings in shares of SPDR Gold Shares by 1.6% during the 4th quarter. Prepared Retirement Institute LLC now owns 1,328 shares of the exchange traded fund’s stock valued at $526,000 after purchasing an additional 21 shares during the last quarter. True Vision MN LLC increased its holdings in shares of SPDR Gold Shares by 3.2% in the fourth quarter. True Vision MN LLC now owns 768 shares of the exchange traded fund’s stock worth $304,000 after purchasing an additional 24 shares during the last quarter. Burns J W & Co. Inc. NY increased its holdings in shares of SPDR Gold Shares by 0.7% in the fourth quarter. Burns J W & Co. Inc. NY now owns 3,500 shares of the exchange traded fund’s stock worth $1,387,000 after purchasing an additional 25 shares during the last quarter. PFS Partners LLC increased its holdings in shares of SPDR Gold Shares by 2.4% in the fourth quarter. PFS Partners LLC now owns 1,078 shares of the exchange traded fund’s stock worth $427,000 after purchasing an additional 25 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. increased its holdings in shares of SPDR Gold Shares by 28.7% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 112 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $417.29 on Monday. SPDR Gold Shares has a 12-month low of $291.78 and a 12-month high of $509.70. The stock’s 50-day moving average price is $435.54 and its 200-day moving average price is $423.31. The stock has a market capitalization of $151.77 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

SPDR Gold Shares News Roundup

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

• Negative Sentiment: Gold fell further late Friday as the dollar and Treasury yields strengthened, with traders focused on whether the metal can hold the key $4,500 support zone. Silver dives below $76, gold tests $4,500 support as Iran risk drives oil, rate fears – Kitco PM Report
• Negative Sentiment: Technical commentary pointed to a bearish breakdown in gold, raising the risk of a deeper pullback toward major support levels. Gold (XAU/USD) Price Forecast: Bearish Breakdown Targets Major Support
• Negative Sentiment: Market reports said gold broke below $4,600 as rising yields and dollar strength outweighed traditional safe-haven demand. Gold breaks below $4,600 as dollar, yields overpower haven demand – Kitco AM Report
• Negative Sentiment: Additional commentary highlighted that hotter inflation data and a rally in the dollar have weakened bullish momentum in gold. Update: Gold Falls as the USD and Treasury Yields Surge on Inflation Worries
• Neutral Sentiment: Some analysts still noted strong long-term demand from central banks and continued interest in gold ETFs, which could help limit downside over time. Central Banks Are Snapping Up Gold, ETF Investors Are Just Waking Up: The Best Gold ETFs to Own Before It Hits $5,000

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.