Three Seasons Wealth LLC Purchases 6,903 Shares of SPDR Gold Shares $GLD

Three Seasons Wealth LLC boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 27.0% during the second quarter, HoldingsChannel.com reports. The fund owned 32,448 shares of the exchange traded fund’s stock after buying an additional 6,903 shares during the quarter. SPDR Gold Shares makes up 1.1% of Three Seasons Wealth LLC’s portfolio, making the stock its 6th biggest position. Three Seasons Wealth LLC’s holdings in SPDR Gold Shares were worth $11,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. SMART Wealth LLC lifted its position in shares of SPDR Gold Shares by 9.1% during the 2nd quarter. SMART Wealth LLC now owns 11,746 shares of the exchange traded fund’s stock worth $4,327,000 after buying an additional 982 shares during the last quarter. Legacy Wealth Managment LLC ID grew its stake in shares of SPDR Gold Shares by 14.9% during the second quarter. Legacy Wealth Managment LLC ID now owns 2,802 shares of the exchange traded fund’s stock worth $1,032,000 after buying an additional 363 shares during the last quarter. Copley Financial Group Inc. grew its stake in shares of SPDR Gold Shares by 485.6% during the second quarter. Copley Financial Group Inc. now owns 4,281 shares of the exchange traded fund’s stock worth $1,577,000 after buying an additional 3,550 shares during the last quarter. ZEGA Investments LLC increased its holdings in shares of SPDR Gold Shares by 53.5% during the second quarter. ZEGA Investments LLC now owns 28,332 shares of the exchange traded fund’s stock worth $698,000 after buying an additional 9,873 shares in the last quarter. Finally, Syon Capital LLC increased its holdings in shares of SPDR Gold Shares by 13.6% during the second quarter. Syon Capital LLC now owns 39,808 shares of the exchange traded fund’s stock worth $14,664,000 after buying an additional 4,758 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $406.77 on Friday. SPDR Gold Shares has a 52 week low of $326.19 and a 52 week high of $509.70. The stock has a market capitalization of $143.63 billion, a price-to-earnings ratio of -32.43 and a beta of 0.19. The stock has a fifty day moving average of $388.97 and a 200-day moving average of $414.61.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Gold recovered from its initial selloff, suggesting continued buying interest despite the stronger jobs report. Investors remain focused on inflation, fiscal risks and central-bank demand as longer-term supports for gold and GLD. Gold claws back from brutal jobs selloff as markets brace for key inflation data
• Positive Sentiment: Invesco said rising government debt and a global bond-market selloff are encouraging investors to treat gold as a strategic portfolio allocation rather than merely a short-term trade. That supports sustained demand for a physically backed ETF such as GLD. Rising gold price and spiking global yields reflect investor fears about skyrocketing debt levels
• Positive Sentiment: Gold’s recent rally has been attributed primarily to investment flows, while July central-bank purchases totaled 23 metric tons, led by China and Poland. Continued official-sector and investment demand provide fundamental support for GLD. Central banks add 23 net tonnes of gold in July
• Neutral Sentiment: The Netherlands’ transfer of roughly 86 tons of gold from New York and Ottawa to London, citing geopolitical risk and crisis preparedness, highlights persistent official concern about reserve security but does not directly change GLD’s holdings. Dutch central bank moves gold bars out of U.S. and Canada
• Negative Sentiment: The U.S. economy created 162,000 jobs in August, exceeding expectations. The stronger labor market lifted yields and reduced expectations for near-term monetary easing, pressuring gold and GLD. Gold price hit with major selling as U.S. economy creates 162K jobs
• Negative Sentiment: Technical analysts warned that higher rates could keep gold testing its 50-day moving average. Additional evidence of persistent economic strength or elevated inflation could extend short-term pressure on GLD. Gold tests 50-day EMA as strong U.S. jobs data lifts rates

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.