SPDR Gold Shares $GLD Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC lessened its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 19.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 36,712 shares of the exchange traded fund’s stock after selling 8,731 shares during the quarter. Avior Wealth Management LLC’s holdings in SPDR Gold Shares were worth $13,981,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in GLD. Baldwin Wealth Partners LLC MA raised its stake in shares of SPDR Gold Shares by 1.5% in the third quarter. Baldwin Wealth Partners LLC MA now owns 85,935 shares of the exchange traded fund’s stock valued at $32,727,000 after purchasing an additional 1,283 shares in the last quarter. Consolidated Capital Management LLC lifted its holdings in SPDR Gold Shares by 1.7% during the 3rd quarter. Consolidated Capital Management LLC now owns 31,391 shares of the exchange traded fund’s stock valued at $11,955,000 after purchasing an additional 521 shares during the last quarter. Roan Capital Partners boosted its holdings in shares of SPDR Gold Shares by 23.2% in the 3rd quarter. Roan Capital Partners now owns 6,253 shares of the exchange traded fund’s stock worth $2,381,000 after acquiring an additional 1,179 shares in the last quarter. Montz Harcus Wealth Management LLC boosted its stake in SPDR Gold Shares by 7.1% in the third quarter. Montz Harcus Wealth Management LLC now owns 1,562 shares of the exchange traded fund’s stock worth $595,000 after purchasing an additional 103 shares in the last quarter. Finally, Castleview Partners LLC grew its holdings in SPDR Gold Shares by 2.2% during the 3rd quarter. Castleview Partners LLC now owns 1,554 shares of the exchange traded fund’s stock worth $592,000 after acquiring an additional 34 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $382.15 on Tuesday. The firm has a 50 day simple moving average of $397.94 and a 200 day simple moving average of $401.50. The firm has a market cap of $142.16 billion, a P/E ratio of -32.43 and a beta of 0.18. SPDR Gold Shares has a fifty-two week low of $360.12 and a fifty-two week high of $509.70.

Key SPDR Gold Shares News

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

• Positive Sentiment: Global physically backed gold ETFs attracted a record $31 billion during the third quarter, indicating that investment demand remains strong despite higher yields and inflation. Continued creations in gold ETFs could support GLD. Gold ETF demand defies rising bond yields
• Positive Sentiment: Record Chinese gold imports, central-bank diversification and demand from investors seeking alternatives amid weakness in Chinese property and equity markets may help establish a floor under bullion prices. Why China is importing a record amount of gold
• Positive Sentiment: Gold has remained resilient and posted quarterly gains even while Treasury yields reached multi-decade highs, suggesting underlying demand is offsetting some of the usual rate-related pressure. Gold defies multi-decade high bond yields
• Neutral Sentiment: Upcoming U.S. CPI data is a key near-term catalyst. A softer report could revive expectations for a more dovish Fed, while stronger inflation could reinforce pressure on gold. Key breakout levels before CPI
• Negative Sentiment: Elevated Treasury yields and a U.S. dollar near an 18-month high increase the opportunity cost of holding non-yielding gold, limiting bullion’s recovery and weighing on GLD. Gold prices struggle as dollar and yields rise
• Negative Sentiment: Analysts say gold may need either renewed currency-debasement concerns or a clearly dovish Fed to reverse its downtrend. Expectations for a December rate hike therefore remain a significant headwind. Gold needs a dovish Fed to reverse its downtrend

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.