SPDR Gold Shares $GLD Shares Sold by Mirador Capital Partners LP

Mirador Capital Partners LP decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 85.9% in the third quarter, Holdings Channel reports. The institutional investor owned 3,044 shares of the exchange traded fund’s stock after selling 18,514 shares during the quarter. Mirador Capital Partners LP’s holdings in SPDR Gold Shares were worth $1,159,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Private Wealth Management Group LLC bought a new position in shares of SPDR Gold Shares during the first quarter valued at $30,000. Parvin Asset Management LLC bought a new position in SPDR Gold Shares in the 1st quarter worth about $31,000. Longview Financial Advisors Inc. purchased a new stake in SPDR Gold Shares during the 1st quarter valued at about $35,000. NBH Bank bought a new stake in SPDR Gold Shares during the 2nd quarter valued at about $41,000. Finally, Compass Financial Services Inc increased its stake in SPDR Gold Shares by 48.8% during the 4th quarter. Compass Financial Services Inc now owns 122 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 40 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock opened at $384.58 on Friday. The company has a 50-day simple moving average of $397.73 and a two-hundred day simple moving average of $401.67. The stock has a market capitalization of $142.45 billion, a PE ratio of -32.43 and a beta of 0.18. SPDR Gold Shares has a 52-week low of $360.12 and a 52-week high of $509.70.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Gold recovered toward the $4,200-an-ounce level as the dollar softened and Treasury yields pulled back from recent highs. Lower yields reduce the opportunity cost of holding non-yielding gold, supporting GLD. Gold tests $4,200 as weak sentiment offsets sticky inflation expectations
• Positive Sentiment: October consumer sentiment fell to a weaker-than-expected 46.3, while inflation expectations increased. The combination of weaker confidence and persistent inflation can increase demand for gold as a defensive and inflation-hedging asset. Gold price trades near high after preliminary Consumer Sentiment falls
• Positive Sentiment: Analysts cited record ETF inflows, potential additional Chinese central-bank gold purchases and continued movement by central banks away from dollar assets as longer-term supports for bullion and GLD. Gold Rises, Supported by Potential China Demand
• Neutral Sentiment: Gold is holding the important $4,100 support area and testing resistance near $4,200. A sustained break above resistance could signal a broader trend reversal, while failure to do so would leave the metal range-bound. Gold price holds critical support
• Negative Sentiment: Sticky inflation and expectations for another Federal Reserve rate hike are keeping bond yields elevated. Higher rates and a stronger dollar have recently pressured gold, creating a significant risk to GLD’s rebound. Gold rebounds but yield risk caps upside

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.