DCF Advisers LLC Cuts Stock Position in SPDR Gold Shares $GLD

DCF Advisers LLC lessened its position in SPDR Gold Shares (NYSEARCA:GLD) by 13.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,000 shares of the exchange traded fund’s stock after selling 2,000 shares during the quarter. SPDR Gold Shares makes up 1.4% of DCF Advisers LLC’s investment portfolio, making the stock its 21st largest holding. DCF Advisers LLC’s holdings in SPDR Gold Shares were worth $5,152,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of GLD. First American Trust FSB grew its stake in SPDR Gold Shares by 1.3% during the 4th quarter. First American Trust FSB now owns 3,452 shares of the exchange traded fund’s stock worth $1,368,000 after purchasing an additional 43 shares in the last quarter. Artesa Financial Group LLC acquired a new position in SPDR Gold Shares during the 4th quarter worth $3,620,000. Outlook Wealth Advisors LLC grew its stake in SPDR Gold Shares by 19.3% during the 4th quarter. Outlook Wealth Advisors LLC now owns 2,623 shares of the exchange traded fund’s stock worth $1,039,000 after purchasing an additional 424 shares in the last quarter. Cooper Haims Advisors LLC acquired a new position in SPDR Gold Shares during the 4th quarter worth $256,000. Finally, Strategic Advocates LLC grew its stake in SPDR Gold Shares by 1.9% during the 4th quarter. Strategic Advocates LLC now owns 2,401 shares of the exchange traded fund’s stock worth $958,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD opened at $374.58 on Thursday. SPDR Gold Shares has a 12 month low of $299.89 and a 12 month high of $509.70. The stock has a market capitalization of $136.23 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14. The business has a fifty day moving average price of $423.40 and a 200 day moving average price of $427.89.

SPDR Gold Shares News Roundup

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

• Negative Sentiment: Gold dropped sharply after the May CPI report kept inflation concerns alive, pushing yields higher and weakening demand for non-yielding assets like gold. Gold, silver fall as CPI keeps Fed pressure on – Kitco AM Report
• Negative Sentiment: Gold broke below major technical support, including the 200-day moving average, raising the risk of further downside in the near term. Gold (XAU/USD) Price Forecast: Bearish Breakdown Signals Trend Shift Risk
• Negative Sentiment: Traders are increasingly betting that the pain in gold could continue for an extended period as the ETF has slid well off its highs. As gold’s tumble continues, traders bet the pain may last for two more years
• Negative Sentiment: Several market reports say gold remains under pressure ahead of CPI and after the release, with a stronger dollar, rising oil prices, and persistent rate-hike expectations weighing on bullion. Gold and Silver Price Forecast: Metals Face Pressure Before CPI Data

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.