SPDR Gold Shares $GLD is Hibernia Wealth Partners LLC’s 8th Largest Position

Hibernia Wealth Partners LLC lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 89.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,487 shares of the exchange traded fund’s stock after buying an additional 14,368 shares during the period. SPDR Gold Shares comprises 3.6% of Hibernia Wealth Partners LLC’s investment portfolio, making the stock its 8th biggest holding. Hibernia Wealth Partners LLC’s holdings in SPDR Gold Shares were worth $12,082,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GLD. WPG Advisers LLC purchased a new position in SPDR Gold Shares in the 4th quarter valued at approximately $25,000. Chapman Financial Group LLC purchased a new position in SPDR Gold Shares in the 2nd quarter valued at approximately $26,000. Vestwell Advisors LLC purchased a new position in SPDR Gold Shares in the 3rd quarter valued at approximately $27,000. Eukles Asset Management purchased a new position in SPDR Gold Shares in the 4th quarter valued at approximately $27,000. Finally, USA Financial Formulas purchased a new position in SPDR Gold Shares in the 4th quarter valued at approximately $31,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

More SPDR Gold Shares News

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

• Positive Sentiment: Gold and silver bounced as hopes for a U.S.-Iran deal weakened the dollar, while continued geopolitical uncertainty kept some safe-haven buying in the market. Gold and Silver Price Forecast: US-Iran Deal Hopes Lift XAUUSD and XAGUSD
• Positive Sentiment: Traders are defending major support around the $4,000-an-ounce area, and several analysts say the long-term gold bull market is still intact despite the recent pullback. Don’t fear a drop below $4,000, gold’s bull market isn’t broken – Thorsten Polleit
• Neutral Sentiment: Gold rebounded from recent lows and is trying to establish a bottom, but it still needs a stronger breakout above key resistance levels to confirm a sustained recovery. Gold (XAU/USD) Price Forecast: Undercut Setup Signals Potential Bottom
• Neutral Sentiment: Gold remains in a broad technical downtrend after breaking below major moving averages, leaving the ETF sensitive to further swings in inflation, yields, and Fed policy expectations. Gold (XAU/USD) Price Forecast: Bearish Breakdown Signals Trend Shift Risk
• Negative Sentiment: Hot U.S. inflation readings and expectations for higher-for-longer interest rates continue to weigh on gold, which is making it harder for GLD to recover meaningfully. Gold slumps to 6-month low even as inflation fears rise. Here’s why bullion is out of favor

SPDR Gold Shares Price Performance

NYSEARCA GLD opened at $386.32 on Friday. SPDR Gold Shares has a 1-year low of $299.89 and a 1-year high of $509.70. The company has a market capitalization of $140.50 billion, a P/E ratio of -32.43 and a beta of 0.14. The business has a 50 day moving average price of $422.52 and a 200 day moving average price of $427.97.

About SPDR Gold Shares

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.