SPDR Gold Shares $GLD is Greykasell Wealth Strategies Inc.’s 3rd Largest Position

Greykasell Wealth Strategies Inc. grew its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,747 shares of the exchange traded fund’s stock after buying an additional 2,228 shares during the period. SPDR Gold Shares accounts for approximately 4.3% of Greykasell Wealth Strategies Inc.’s holdings, making the stock its 3rd biggest holding. Greykasell Wealth Strategies Inc.’s holdings in SPDR Gold Shares were worth $10,996,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in GLD. Prepared Retirement Institute LLC lifted its position in SPDR Gold Shares by 1.6% during the 4th quarter. Prepared Retirement Institute LLC now owns 1,328 shares of the exchange traded fund’s stock worth $526,000 after acquiring an additional 21 shares in the last quarter. True Vision MN LLC lifted its position in SPDR Gold Shares by 3.2% during the 4th quarter. True Vision MN LLC now owns 768 shares of the exchange traded fund’s stock worth $304,000 after acquiring an additional 24 shares in the last quarter. Burns J W & Co. Inc. NY lifted its position in SPDR Gold Shares by 0.7% during the 4th quarter. Burns J W & Co. Inc. NY now owns 3,500 shares of the exchange traded fund’s stock worth $1,387,000 after acquiring an additional 25 shares in the last quarter. PFS Partners LLC lifted its position in SPDR Gold Shares by 2.4% during the 4th quarter. PFS Partners LLC now owns 1,078 shares of the exchange traded fund’s stock worth $427,000 after acquiring an additional 25 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. lifted its position in SPDR Gold Shares by 28.7% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 112 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 25 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $396.24 on Friday. SPDR Gold Shares has a one year low of $299.89 and a one year high of $509.70. The stock’s 50 day moving average price is $424.74 and its 200 day moving average price is $427.22. The firm has a market capitalization of $144.11 billion, a PE ratio of -32.43 and a beta of 0.14.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Some analysts still view the pullback as a buying opportunity, arguing that long-term inflation concerns and strategic demand for gold could support a rebound. Gold breaks below key technical support, but analysts see a buying opportunity
• Neutral Sentiment: There are still longer-term bullish arguments for gold, including deglobalization, central bank buying, and forecasts calling for higher average gold prices later this year. Deglobalization sparks race for strategic resources, driving gold and copper outlook – Sohn Montreal
• Negative Sentiment: Stronger U.S. employment data pushed yields and the dollar higher, fueling a broad selloff in gold and other precious metals. Gold Falls as the Dollar and Yields Rise After an Unexpected Surge in May U.S. Employment
• Negative Sentiment: Gold slipped below major support levels as traders bet the Federal Reserve may remain hawkish for longer, extending the technical downtrend. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Dives 3% As Traders Bet On Hawkish Fed
• Negative Sentiment: Multiple market updates pointed to additional selling pressure after nonfarm payrolls came in much stronger than expected, reinforcing higher-rate expectations. Gold price see solid selling pressure as U.S. economy created 172k jobs in May

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.