SPDR Gold Shares $GLD Shares Sold by Corient Private Wealth LP

Corient Private Wealth LP trimmed its position in SPDR Gold Shares (NYSEARCA:GLD) by 1.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 368,546 shares of the exchange traded fund’s stock after selling 3,541 shares during the period. Corient Private Wealth LP’s holdings in SPDR Gold Shares were worth $135,765,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tucker Asset Management LLC bought a new position in SPDR Gold Shares during the second quarter worth $863,000. Amundi lifted its holdings in shares of SPDR Gold Shares by 0.9% in the 2nd quarter. Amundi now owns 12,293 shares of the exchange traded fund’s stock worth $4,528,000 after purchasing an additional 111 shares during the last quarter. Advus Financial Partners LLC lifted its holdings in shares of SPDR Gold Shares by 32.6% in the 2nd quarter. Advus Financial Partners LLC now owns 14,230 shares of the exchange traded fund’s stock worth $5,242,000 after purchasing an additional 3,498 shares during the last quarter. Financial Insights Inc. lifted its stake in SPDR Gold Shares by 5.4% in the second quarter. Financial Insights Inc. now owns 1,170 shares of the exchange traded fund’s stock valued at $431,000 after buying an additional 60 shares during the last quarter. Finally, Serenity Investment Advisors boosted its holdings in shares of SPDR Gold Shares by 13.8% during the second quarter. Serenity Investment Advisors now owns 618 shares of the exchange traded fund’s stock valued at $228,000 after acquiring an additional 75 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 0.6%

NYSEARCA GLD opened at $398.77 on Friday. SPDR Gold Shares has a 52 week low of $333.81 and a 52 week high of $509.70. The stock has a market cap of $140.81 billion, a price-to-earnings ratio of -32.43 and a beta of 0.19. The company has a 50-day moving average price of $391.79 and a two-hundred day moving average price of $412.57.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Gold held near the important $4,300 support level after rebounding from its 200-day exponential moving average. A move above roughly $4,443 could signal another bullish leg, with $4,500 identified as the next major resistance area. Gold price holds $4,300 support as CPI lifts Fed-hike odds
• Positive Sentiment: U.S. consumer sentiment fell sharply to a preliminary September reading of 47.8, while inflation expectations rose. The combination of weaker confidence and higher perceived inflation may encourage investors to seek gold as a store of value. Gold price holds near high after preliminary Consumer Sentiment falls
• Positive Sentiment: Analysts said a potential Fed rate hike may cause short-term volatility but is unlikely to derail gold’s longer-term bullish thesis, which remains supported by sovereign-debt concerns, geopolitical risks and continued investment demand. The Fed can hike, but it won’t derail gold’s long-term bull market
• Positive Sentiment: Reports indicate that central-bank gold movements reflect repatriation and concerns about sanctions or asset seizure rather than broad liquidation, reducing fears of a major official-sector supply increase. Central bank gold moves are about repatriation, not liquidation

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.