Impact Partnership Wealth LLC Has $15.32 Million Stake in SPDR Gold Shares $GLD

Impact Partnership Wealth LLC trimmed its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 26.8% during the fourth quarter, HoldingsChannel reports. The fund owned 38,643 shares of the exchange traded fund’s stock after selling 14,145 shares during the period. SPDR Gold Shares comprises about 2.0% of Impact Partnership Wealth LLC’s investment portfolio, making the stock its 13th largest position. Impact Partnership Wealth LLC’s holdings in SPDR Gold Shares were worth $15,315,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Calder Financial LLC acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth $807,000. Empirical Asset Management LLC raised its holdings in shares of SPDR Gold Shares by 256.7% during the third quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock worth $12,941,000 after acquiring an additional 26,197 shares during the period. Colonial Trust Advisors raised its holdings in shares of SPDR Gold Shares by 7.6% during the third quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock worth $7,010,000 after acquiring an additional 1,385 shares during the period. Ervin Investment Management LLC acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth $7,178,000. Finally, MB Generational Wealth LLC acquired a new stake in shares of SPDR Gold Shares during the third quarter worth $407,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 1.1%

Shares of NYSEARCA:GLD opened at $417.12 on Friday. SPDR Gold Shares has a 12 month low of $299.89 and a 12 month high of $509.70. The company’s fifty day simple moving average is $425.25 and its 200 day simple moving average is $426.28. The firm has a market cap of $151.71 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

SPDR Gold Shares News Roundup

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 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.