Rock Creek Group LP Sells 4,614 Shares of SPDR Gold Shares $GLD

Rock Creek Group LP lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 208,047 shares of the exchange traded fund’s stock after selling 4,614 shares during the quarter. SPDR Gold Shares makes up about 8.7% of Rock Creek Group LP’s investment portfolio, making the stock its 3rd largest position. Rock Creek Group LP’s holdings in SPDR Gold Shares were worth $82,451,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Calder Financial LLC bought a new stake in SPDR Gold Shares in the fourth quarter valued at $807,000. Empirical Asset Management LLC grew its position in SPDR Gold Shares by 256.7% in the third quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock valued at $12,941,000 after acquiring an additional 26,197 shares during the period. Colonial Trust Advisors grew its position in SPDR Gold Shares by 7.6% in the third quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock valued at $7,010,000 after acquiring an additional 1,385 shares during the period. Ervin Investment Management LLC bought a new stake in SPDR Gold Shares in the fourth quarter valued at $7,178,000. Finally, MB Generational Wealth LLC bought a new stake in SPDR Gold Shares in the third quarter valued at $407,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $417.12 on Friday. The business’s fifty day moving average price is $425.25 and its two-hundred day moving average price is $426.28. SPDR Gold Shares has a fifty-two week low of $299.89 and a fifty-two week high of $509.70. The stock has a market capitalization of $151.71 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

Key SPDR Gold Shares News

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

• Positive Sentiment: Gold prices bounced as traders looked for a bullish reversal near key technical support, with some analysts saying buyers are still defending the long-term trend. Gold (XAU/USD) Price Forecast: Falling Wedge Signals Bullish Reversal
• Positive Sentiment: Weaker U.S. growth data and softer labor readings have kept alive hopes that the Federal Reserve could cut rates later this year, which tends to be supportive for gold. Gold rebounds as weak GDP offsets Hormuz risk – Kitco PM Report
• Positive Sentiment: Gold also benefited from renewed buying on dips and lingering geopolitical uncertainty, including headlines tied to Iran and the Middle East. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Prices Jump Amid Iran Deal Hopes
• Neutral Sentiment: Investors are now watching U.S. manufacturing, jobs, and other macro data for clues on inflation and interest rates, which could drive gold and GLD next. Gold braces for labor market week as investors eye manufacturing, jobs data
• Negative Sentiment: Gold has also faced selling pressure as inflation worries, higher yields, and a firmer dollar pushed prices to a two-month low at points this week, limiting upside for GLD. Gold tumbles to two-month low as inflation hedge status fades

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.