Sigma Planning Corp Sells 12,371 Shares of SPDR Gold Shares $GLD

Sigma Planning Corp lowered its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 21.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,617 shares of the exchange traded fund’s stock after selling 12,371 shares during the quarter. SPDR Gold Shares comprises about 0.6% of Sigma Planning Corp’s investment portfolio, making the stock its 22nd largest position. Sigma Planning Corp’s holdings in SPDR Gold Shares were worth $20,059,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Morgan Stanley raised its holdings in shares of SPDR Gold Shares by 22.4% in the fourth quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock valued at $5,506,229,000 after buying an additional 2,539,266 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of SPDR Gold Shares by 571.3% in the fourth quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock worth $1,565,118,000 after acquiring an additional 3,360,966 shares during the last quarter. Virtu Financial LLC bought a new position in shares of SPDR Gold Shares in the fourth quarter worth about $474,952,000. Marino Management LLC acquired a new position in shares of SPDR Gold Shares during the fourth quarter worth approximately $438,475,000. Finally, Rockefeller Capital Management L.P. lifted its position in shares of SPDR Gold Shares by 13.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 938,260 shares of the exchange traded fund’s stock worth $371,842,000 after purchasing an additional 109,205 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $372.15 on Wednesday. SPDR Gold Shares has a one year low of $300.95 and a one year high of $509.70. The company’s 50 day simple moving average is $397.55 and its 200-day simple moving average is $425.73. The stock has a market capitalization of $130.70 billion, a P/E ratio of -32.43 and a beta of 0.17.

More SPDR Gold Shares News

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

• Positive Sentiment: Gold rallied after the June CPI report came in weaker than expected, easing pressure on the Federal Reserve and supporting bullion prices. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rallies As U.S. Inflation Rate Misses Estimates
• Positive Sentiment: Gold climbed off an eight-month low as the dollar and yields weakened, improving the outlook for gold-backed ETFs like GLD. Gold Rises Off an Eight-Month Low, Dollar Falls after US Consumer Prices Eased in June
• Positive Sentiment: Gold prices jumped toward the $4,100 level after the inflation report, with traders seeing room for the Fed to keep rates unchanged, a constructive setup for bullion. Gold prices surging higher to test resistance at $4,100 following sharp drop in U.S. inflation
• Neutral Sentiment: Some analysts say gold’s rebound may be just noise unless buyers can break key resistance levels, suggesting the move could remain choppy. VanEck’s Casanova sees gold’s pullback as noise, says mining stocks remain the standout trade
• Negative Sentiment: Gold remains below key technical resistance in some forecasts, and broader bearish trends in yields and risk sentiment have kept pressure on the metal recently. Gold (XAU/USD) Price Forecast: Bears Defend Key Resistance Zone
• Negative Sentiment: Gold had also been pressured earlier by rising global bond yields and concerns that a more hawkish Fed could keep rates elevated, which can weigh on GLD. Gold Declines Amid Broad Rise in Yields, Monetary Policy Concerns

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.