SPDR Gold Shares $GLD Shares Acquired by Cassia Capital Partners LLC

Cassia Capital Partners LLC boosted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 3.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 47,542 shares of the exchange traded fund’s stock after buying an additional 1,789 shares during the quarter. SPDR Gold Shares makes up 8.3% of Cassia Capital Partners LLC’s investment portfolio, making the stock its 2nd largest holding. Cassia Capital Partners LLC’s holdings in SPDR Gold Shares were worth $18,106,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. First Eagle Investment Management LLC grew its position in SPDR Gold Shares by 1.5% in the 2nd quarter. First Eagle Investment Management LLC now owns 2,491,623 shares of the exchange traded fund’s stock worth $917,864,000 after purchasing an additional 35,882 shares in the last quarter. Envestnet Asset Management Inc. increased its position in SPDR Gold Shares by 0.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,169,683 shares of the exchange traded fund’s stock worth $430,888,000 after buying an additional 5,793 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in SPDR Gold Shares by 1.8% during the first quarter. PNC Financial Services Group Inc. now owns 707,998 shares of the exchange traded fund’s stock valued at $304,644,000 after purchasing an additional 12,415 shares during the last quarter. PPSC Investment Service Corp boosted its holdings in SPDR Gold Shares by 2.2% in the 3rd quarter. PPSC Investment Service Corp now owns 789,050 shares of the exchange traded fund’s stock worth $300,502,000 after buying an additional 16,678 shares during the period. Finally, Bank of Korea bought a new position in SPDR Gold Shares in the 2nd quarter worth about $250,411,831. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: China continued adding to its gold reserves, extending its buying streak to a second year. Ongoing central-bank purchases may help support gold demand and GLD over the longer term. China buys gold for two straight years as central bank demand remains a key pillar of support
• Positive Sentiment: Gold edged higher in early Asian trading after a sharp overnight drop, which one report described as a likely technical rebound. This could provide short-term support, though it does not reverse the pressure from inflation and rate expectations. Gold Edges Higher in Likely Technical Rebound
• Neutral Sentiment: A Fed economist said recent central-bank gold repatriations have had little effect on those countries’ U.S. dollar reserve allocations. The report offers context on gold demand but does not point to a clear near-term change in GLD’s outlook. Gold reserve repatriations don’t mean central banks are de-dollarizing – Fed’s Weiss
• Negative Sentiment: Hotter U.S. CPI drove gold sharply lower and increased expectations for a December Fed rate hike, with the possibility of a larger adjustment also raised. Higher yields and a stronger dollar are headwinds for bullion and GLD. Gold, silver plunge as hotter U.S. inflation raises prospect of larger Fed rate hike
• Negative Sentiment: SPDR Gold Shares reportedly saw about $1.8 billion in outflows in October. Continued withdrawals could weigh on demand for the fund, even as gold-mining stocks attract investor interest. Forget the ETF Outflows: Gold Miners Offer 3X Leverage As Cash Flow Surges

SPDR Gold Shares Price Performance

GLD opened at $369.36 on Wednesday. The company has a fifty day moving average price of $383.59 and a 200-day moving average price of $410.80. The firm has a market capitalization of $134.78 billion, a P/E ratio of -32.43 and a beta of 0.20. SPDR Gold Shares has a one year low of $354.67 and a one year high of $509.70.

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.