Cardiff Park Advisors LLC Takes Position in SPDR Gold Shares $GLD

Cardiff Park Advisors LLC purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) during the first quarter, Holdings Channel.com reports. The firm purchased 28,476 shares of the exchange traded fund’s stock, valued at approximately $12,253,000. SPDR Gold Shares comprises about 1.0% of Cardiff Park Advisors LLC’s investment portfolio, making the stock its 21st biggest position.

Several other hedge funds and other institutional investors have also modified their holdings of GLD. Calder Financial LLC acquired a new stake in shares of SPDR Gold Shares in the 4th quarter valued at $807,000. Crescent Grove Advisors LLC increased its position in SPDR Gold Shares by 25.3% during the fourth 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. Arcus Capital Partners LLC increased its position in SPDR Gold Shares by 90.3% during the first quarter. Arcus Capital Partners LLC now owns 8,442 shares of the exchange traded fund’s stock worth $3,633,000 after buying an additional 4,005 shares during the last quarter. Ervin Investment Management LLC bought a new position in SPDR Gold Shares during the fourth quarter valued at about $7,178,000. Finally, Cidel Asset Management Inc. raised its holdings in SPDR Gold Shares by 69.8% during the first quarter. Cidel Asset Management Inc. now owns 3,368 shares of the exchange traded fund’s stock valued at $1,449,000 after buying an additional 1,384 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $371.90 on Monday. SPDR Gold Shares has a fifty-two week low of $300.95 and a fifty-two week high of $509.70. The business has a 50-day moving average of $388.19 and a two-hundred day moving average of $423.93. The stock has a market capitalization of $131.32 billion, a P/E ratio of -32.43 and a beta of 0.17.

More SPDR Gold Shares News

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

• Positive Sentiment: Gold is holding above the important $4,000 level, suggesting buyers are still stepping in on dips and that the market may be forming a base. Gold continues to hold $4,000, which could signal inflection point, analysts say
• Positive Sentiment: China’s June gold imports hit a two-year high, signaling strong physical demand from the world’s largest bullion market. China’s June gold imports hit fresh two-year high of 173 tonnes as lower prices boost demand
• Positive Sentiment: Lower Treasury yields and a pullback in oil prices have helped gold rebound intraday, reinforcing its role as a defensive asset. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Oil Prices Pull Back
• Positive Sentiment: ETF flow data show investors rotating toward commodities and other defensive exposures, which can support demand for gold-backed funds like GLD. The Defensive Shift: This Week’s Top 10 ETF Inflows

About SPDR Gold Shares

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.