Csenge Advisory Group Reduces Stake in SPDR Gold Shares $GLD

Csenge Advisory Group trimmed its stake in SPDR Gold Shares (NYSEARCA:GLD) by 16.0% during the fourth quarter, Holdings Channel reports. The fund owned 62,946 shares of the exchange traded fund’s stock after selling 11,971 shares during the period. SPDR Gold Shares makes up approximately 1.1% of Csenge Advisory Group’s portfolio, making the stock its 15th largest position. Csenge Advisory Group’s holdings in SPDR Gold Shares were worth $24,946,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. WPG Advisers LLC bought a new stake in shares of SPDR Gold Shares in the fourth quarter valued at approximately $25,000. Chapman Financial Group LLC bought a new stake in shares of SPDR Gold Shares in the second quarter valued at approximately $26,000. Hopwood Financial Services Inc. bought a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $27,000. Vestwell Advisors LLC bought a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $27,000. Finally, USA Financial Formulas bought a new stake in shares of SPDR Gold Shares in the fourth quarter valued at approximately $31,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

Key SPDR Gold Shares News

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

• Positive Sentiment: Gold prices steadied and attempted a rebound as the U.S. dollar pulled back, supporting demand for the metal and helping GLD recover from recent weakness. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Attempts To Rebound After Pullback
• Positive Sentiment: Geopolitical risk around the Strait of Hormuz has kept investors focused on potential energy-market disruption, which can increase safe-haven flows into gold-backed funds like GLD. Gold price hold steadies, silver rebounds as Hormuz risk keeps oil, yields in focus – PM Report
• Neutral Sentiment: Gold is holding key support levels, but traders are waiting for the next breakout signal as broader market conditions remain choppy. Gold (XAUUSD) & Silver Price Forecast: $4,555 Holds — Can Bulls Reclaim $4,670 Resistance?
• Neutral Sentiment: Some analysts say gold is consolidating rather than trending strongly, with investors balancing inflation concerns against expectations for higher interest rates. Gold Consolidates; May Be Weighed by Fed Rate-Hike Expectations
• Negative Sentiment: Rising Treasury yields, a stronger dollar, and renewed Fed hike fears have pressured gold recently, which can weigh on GLD because the fund does not pay interest. Gold (XAUUSD) Price Forecast: Will Rising Yields Push Gold Toward 52-Week MA
• Negative Sentiment: Investor interest may also be diverted away from gold as some market participants rotate into Bitcoin as an inflation hedge, potentially limiting demand for GLD. Investors Are Choosing Bitcoin Over Gold to Fight Inflation. Here’s How That Could Backfire.

SPDR Gold Shares Stock Up 0.3%

NYSEARCA GLD opened at $418.43 on Tuesday. The company’s 50 day moving average is $434.58 and its 200-day moving average is $423.69. SPDR Gold Shares has a 12-month low of $296.48 and a 12-month high of $509.70. The firm has a market cap of $152.18 billion, a P/E ratio of -32.43 and a beta of 0.15.

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.