Prospera Financial Services Inc Has $43.70 Million Stake in SPDR Gold Shares $GLD

Prospera Financial Services Inc trimmed its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 110,272 shares of the exchange traded fund’s stock after selling 6,302 shares during the period. SPDR Gold Shares comprises about 0.7% of Prospera Financial Services Inc’s investment portfolio, making the stock its 23rd largest holding. Prospera Financial Services Inc’s holdings in SPDR Gold Shares were worth $43,702,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. First Eagle Investment Management LLC lifted its holdings in shares of SPDR Gold Shares by 2.7% in the third quarter. First Eagle Investment Management LLC now owns 2,531,196 shares of the exchange traded fund’s stock valued at $899,764,000 after purchasing an additional 66,416 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of SPDR Gold Shares in the third quarter valued at about $556,282,000. Ameriprise Financial Inc. lifted its holdings in shares of SPDR Gold Shares by 3.4% in the third quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock valued at $554,139,000 after purchasing an additional 50,756 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of SPDR Gold Shares by 3.0% in the third quarter. Envestnet Asset Management Inc. now owns 1,222,891 shares of the exchange traded fund’s stock valued at $434,701,000 after purchasing an additional 35,619 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of SPDR Gold Shares by 1.4% in the third quarter. Barclays PLC now owns 1,125,376 shares of the exchange traded fund’s stock valued at $400,037,000 after purchasing an additional 15,932 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

Key SPDR Gold Shares News

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

• Negative Sentiment: Gold prices weakened as a stronger dollar and higher Treasury yields reduced demand for the non-yielding metal. Gold weakens as U.S.-Iran talks keep oil, rates in focus – Kitco PM Report
• Negative Sentiment: Several reports said traders are worried the Fed could stay hawkish or even raise rates further, which has kept precious metals under pressure. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Worry About Hawkish Fed
• Neutral Sentiment: Gold remains in a tight trading range, with volatility compressing and the market looking for a breakout catalyst. Gold (XAU/USD) Price Forecast: Compression Signals Major Breakout Potential
• Neutral Sentiment: Weak U.S. consumer sentiment and rising inflation expectations could support gold over time, but that effect was offset by stronger dollar and rate pressures today. Spot gold hits session low near $4,500/oz after final Consumer Sentiment drops to 44.8…

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $413.82 on Friday. The firm has a market cap of $150.51 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The stock’s 50-day moving average is $429.77 and its 200-day moving average is $424.64. SPDR Gold Shares has a one year low of $299.89 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.