Kryger Capital LLC Purchases New Position in SPDR Gold Shares $GLD

Kryger Capital LLC acquired a new position in SPDR Gold Shares (NYSEARCA:GLD) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,000 shares of the exchange traded fund’s stock, valued at approximately $6,454,000. SPDR Gold Shares comprises approximately 0.5% of Kryger Capital LLC’s holdings, making the stock its 27th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLD. Calder Financial LLC acquired a new position in shares of SPDR Gold Shares during the 4th quarter valued at about $807,000. Crescent Grove Advisors LLC lifted its holdings in SPDR Gold Shares by 25.3% in the 4th quarter. Crescent Grove Advisors LLC now owns 15,719 shares of the exchange traded fund’s stock worth $6,230,000 after purchasing an additional 3,175 shares during the last quarter. Arcus Capital Partners LLC lifted its holdings in SPDR Gold Shares by 90.3% in the 1st quarter. Arcus Capital Partners LLC now owns 8,442 shares of the exchange traded fund’s stock worth $3,633,000 after purchasing an additional 4,005 shares during the last quarter. Cidel Asset Management Inc. boosted its position in SPDR Gold Shares by 69.8% during the first quarter. Cidel Asset Management Inc. now owns 3,368 shares of the exchange traded fund’s stock worth $1,449,000 after purchasing an additional 1,384 shares during the period. Finally, Ervin Investment Management LLC bought a new stake in SPDR Gold Shares during the fourth quarter worth approximately $7,178,000. Institutional investors own 42.19% of the company’s stock.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: Gold is holding above the important $4,000 level, suggesting buyers are still stepping in on dips and that the market may be forming a base. Gold continues to hold $4,000, which could signal inflection point, analysts say
• Positive Sentiment: China’s June gold imports hit a two-year high, signaling strong physical demand from the world’s largest bullion market. China’s June gold imports hit fresh two-year high of 173 tonnes as lower prices boost demand
• Positive Sentiment: Lower Treasury yields and a pullback in oil prices have helped gold rebound intraday, reinforcing its role as a defensive asset. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Oil Prices Pull Back
• Positive Sentiment: ETF flow data show investors rotating toward commodities and other defensive exposures, which can support demand for gold-backed funds like GLD. The Defensive Shift: This Week’s Top 10 ETF Inflows

SPDR Gold Shares Stock Up 0.1%

Shares of GLD stock opened at $371.90 on Friday. SPDR Gold Shares has a 12 month low of $300.95 and a 12 month high of $509.70. The business’s 50 day moving average is $388.19 and its two-hundred day moving average is $423.83. The company has a market cap of $131.06 billion, a PE ratio of -32.43 and a beta of 0.17.

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.