Prospera Financial Services Inc Sells 6,302 Shares of SPDR Gold Shares $GLD

Prospera Financial Services Inc lessened its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 110,272 shares of the exchange traded fund’s stock after selling 6,302 shares during the period. SPDR Gold Shares comprises approximately 0.7% of Prospera Financial Services Inc’s investment portfolio, making the stock its 23rd largest holding. Prospera Financial Services Inc’s holdings in SPDR Gold Shares were worth $43,702,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. First Eagle Investment Management LLC raised its holdings in SPDR Gold Shares by 2.7% during the third quarter. First Eagle Investment Management LLC now owns 2,531,196 shares of the exchange traded fund’s stock worth $899,764,000 after acquiring an additional 66,416 shares in the last quarter. Bank of Montreal Can bought a new stake in SPDR Gold Shares during the third quarter worth about $556,282,000. Ameriprise Financial Inc. raised its holdings in SPDR Gold Shares by 3.4% during the third quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock worth $554,139,000 after acquiring an additional 50,756 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in SPDR Gold Shares by 3.0% during the third quarter. Envestnet Asset Management Inc. now owns 1,222,891 shares of the exchange traded fund’s stock worth $434,701,000 after acquiring an additional 35,619 shares in the last quarter. Finally, Barclays PLC raised its holdings in SPDR Gold Shares by 1.4% during the third quarter. Barclays PLC now owns 1,125,376 shares of the exchange traded fund’s stock worth $400,037,000 after acquiring an additional 15,932 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

GLD opened at $413.82 on Friday. SPDR Gold Shares has a 52-week low of $299.89 and a 52-week high of $509.70. The firm has a market capitalization of $150.51 billion, a PE ratio of -32.43 and a beta of 0.15. The business’s 50-day simple moving average is $429.77 and its 200 day simple moving average is $424.64.

Trending Headlines about SPDR Gold Shares

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

• Negative Sentiment: Gold prices weakened as a stronger dollar and higher Treasury yields reduced demand for the non-yielding metal. Gold weakens as U.S.-Iran talks keep oil, rates in focus – Kitco PM Report
• Negative Sentiment: Several reports said traders are worried the Fed could stay hawkish or even raise rates further, which has kept precious metals under pressure. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Worry About Hawkish Fed
• Neutral Sentiment: Gold remains in a tight trading range, with volatility compressing and the market looking for a breakout catalyst. Gold (XAU/USD) Price Forecast: Compression Signals Major Breakout Potential
• Neutral Sentiment: Weak U.S. consumer sentiment and rising inflation expectations could support gold over time, but that effect was offset by stronger dollar and rate pressures today. Spot gold hits session low near $4,500/oz after final Consumer Sentiment drops to 44.8…

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.