Wick Capital Partners LLC Has $42.17 Million Holdings in SPDR Gold Shares $GLD

Wick Capital Partners LLC grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6,660.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 106,413 shares of the exchange traded fund’s stock after purchasing an additional 104,839 shares during the quarter. SPDR Gold Shares makes up about 3.1% of Wick Capital Partners LLC’s investment portfolio, making the stock its 10th largest position. Wick Capital Partners LLC’s holdings in SPDR Gold Shares were worth $42,173,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Calder Financial LLC acquired a new stake in shares of SPDR Gold Shares in the 4th quarter worth $807,000. Crescent Grove Advisors LLC grew its stake in SPDR Gold Shares by 25.3% during the 4th quarter. Crescent Grove Advisors LLC now owns 15,719 shares of the exchange traded fund’s stock worth $6,230,000 after buying an additional 3,175 shares during the last quarter. Empirical Asset Management LLC increased its position in SPDR Gold Shares by 256.7% during the 3rd quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock valued at $12,941,000 after buying an additional 26,197 shares in the last quarter. Colonial Trust Advisors increased its position in SPDR Gold Shares by 7.6% during the 3rd quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock valued at $7,010,000 after buying an additional 1,385 shares in the last quarter. Finally, Ervin Investment Management LLC purchased a new stake in SPDR Gold Shares in the fourth quarter valued at about $7,178,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

More SPDR Gold Shares News

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

• Negative Sentiment: Gold prices are retreating as the dollar tests yearly highs and traders reprice the Fed’s “higher-for-longer” message after the policy meeting. Gold, silver sink as dollar tests yearly highs following hawkish Fed – Kitco PM Report
• Negative Sentiment: Gold is also being pressured by stronger U.S. data, including a rebound in the Philly Fed survey and solid labor-market readings, which reduce expectations for near-term easing. Gold prices remain under pressure as Philly Fed Survey rebounds to 10.3 in June
• Neutral Sentiment: Some analysts say gold ETFs still deserve a place in long-term portfolios because of central-bank buying and diversification benefits, which may help limit downside over time. Why Gold ETFs Still Deserve a Place in Long-Term Portfolios
• Neutral Sentiment: Broader geopolitical uncertainty and central-bank reserve accumulation continue to provide a long-term backdrop of support, even as short-term pricing weakens. Central banks are bringing gold reserves home as geopolitical risks rise
• Negative Sentiment: Technical analysts warn that gold has broken lower from recent resistance and may be heading toward key support zones, suggesting more near-term downside for GLD if the selling continues. Gold (XAU/USD) Price Forecast: Can Bulls Defend Fibonacci Support?

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $387.12 on Friday. The company has a market cap of $140.80 billion, a PE ratio of -32.43 and a beta of 0.14. The business has a 50-day simple moving average of $418.52 and a two-hundred day simple moving average of $428.27. SPDR Gold Shares has a fifty-two week low of $299.89 and a fifty-two week high of $509.70.

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.