SPDR Gold Shares $GLD Shares Sold by Macroview Investment Management LLC

Macroview Investment Management LLC cut its position in SPDR Gold Shares (NYSEARCA:GLD) by 18.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,352 shares of the exchange traded fund’s stock after selling 2,618 shares during the quarter. SPDR Gold Shares comprises approximately 3.1% of Macroview Investment Management LLC’s holdings, making the stock its 10th biggest position. Macroview Investment Management LLC’s holdings in SPDR Gold Shares were worth $4,499,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. WPG Advisers LLC bought a new position in shares of SPDR Gold Shares in the 4th quarter valued at about $25,000. Hopwood Financial Services Inc. acquired a new position in shares of SPDR Gold Shares during the 3rd quarter worth about $27,000. Vestwell Advisors LLC bought a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at about $27,000. USA Financial Formulas bought a new stake in shares of SPDR Gold Shares in the 4th quarter valued at about $31,000. Finally, Networth Advisors LLC acquired a new stake in SPDR Gold Shares in the 4th quarter valued at about $34,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $417.29 on Friday. The stock has a 50-day simple moving average of $435.54 and a 200 day simple moving average of $422.92. The stock has a market capitalization of $151.77 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 52 week low of $291.78 and a 52 week high of $509.70.

SPDR Gold Shares News Roundup

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

• Negative Sentiment: Gold fell further late Friday as the dollar and Treasury yields strengthened, with traders focused on whether the metal can hold the key $4,500 support zone. Silver dives below $76, gold tests $4,500 support as Iran risk drives oil, rate fears – Kitco PM Report
• Negative Sentiment: Technical commentary pointed to a bearish breakdown in gold, raising the risk of a deeper pullback toward major support levels. Gold (XAU/USD) Price Forecast: Bearish Breakdown Targets Major Support
• Negative Sentiment: Market reports said gold broke below $4,600 as rising yields and dollar strength outweighed traditional safe-haven demand. Gold breaks below $4,600 as dollar, yields overpower haven demand – Kitco AM Report
• Negative Sentiment: Additional commentary highlighted that hotter inflation data and a rally in the dollar have weakened bullish momentum in gold. Update: Gold Falls as the USD and Treasury Yields Surge on Inflation Worries
• Neutral Sentiment: Some analysts still noted strong long-term demand from central banks and continued interest in gold ETFs, which could help limit downside over time. Central Banks Are Snapping Up Gold, ETF Investors Are Just Waking Up: The Best Gold ETFs to Own Before It Hits $5,000

SPDR Gold Shares 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.