Savant Capital LLC Reduces Holdings in SPDR Gold Shares $GLD

Savant Capital LLC trimmed its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 6.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,801 shares of the exchange traded fund’s stock after selling 1,875 shares during the quarter. Savant Capital LLC’s holdings in SPDR Gold Shares were worth $10,225,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Houlihan Financial Resource Group Ltd. grew its holdings in SPDR Gold Shares by 149.6% in the 4th quarter. Houlihan Financial Resource Group Ltd. now owns 4,205 shares of the exchange traded fund’s stock valued at $1,729,000 after buying an additional 2,520 shares in the last quarter. Novak & Powell Financial Services Inc. grew its holdings in SPDR Gold Shares by 5.1% in the 4th quarter. Novak & Powell Financial Services Inc. now owns 987 shares of the exchange traded fund’s stock valued at $391,000 after buying an additional 48 shares in the last quarter. Baker Avenue Asset Management LP grew its holdings in SPDR Gold Shares by 107.9% in the 4th quarter. Baker Avenue Asset Management LP now owns 1,852 shares of the exchange traded fund’s stock valued at $734,000 after buying an additional 25,155 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new stake in SPDR Gold Shares in the 4th quarter valued at $71,000. Finally, Thoroughbred Financial Services LLC grew its holdings in SPDR Gold Shares by 7.9% in the 4th quarter. Thoroughbred Financial Services LLC now owns 10,471 shares of the exchange traded fund’s stock valued at $4,149,000 after buying an additional 771 shares in the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 1.1%

Shares of NYSEARCA:GLD opened at $417.12 on Friday. The business has a fifty day moving average of $425.25 and a two-hundred day moving average of $426.28. The stock has a market cap of $151.71 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 52-week low of $299.89 and a 52-week high of $509.70.

Key Stories Impacting SPDR Gold Shares

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.