Senator Investment Group LP Trims Stock Position in SPDR Gold Shares $GLD

Senator Investment Group LP lessened its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,000 shares of the exchange traded fund’s stock after selling 2,296 shares during the quarter. Senator Investment Group LP’s holdings in SPDR Gold Shares were worth $11,889,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GLD. Brighton Jones LLC increased its holdings in SPDR Gold Shares by 20.4% in the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after purchasing an additional 1,903 shares during the last quarter. Bison Wealth LLC increased its holdings in SPDR Gold Shares by 77.8% in the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after purchasing an additional 2,600 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in SPDR Gold Shares in the 1st quarter valued at approximately $16,014,000. Schnieders Capital Management LLC. increased its holdings in SPDR Gold Shares by 4.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock valued at $1,829,000 after purchasing an additional 275 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new stake in SPDR Gold Shares in the 2nd quarter valued at approximately $337,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $396.55 on Tuesday. SPDR Gold Shares has a fifty-two week low of $299.89 and a fifty-two week high of $509.70. The firm has a 50 day moving average price of $420.83 and a 200 day moving average price of $428.13. The company has a market capitalization of $144.23 billion, a PE ratio of -32.43 and a beta of 0.14.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Gold prices jumped to multi-day highs after the U.S.-Iran ceasefire/truce reduced geopolitical risk and lowered inflation expectations, boosting GLD. Gold clears $4,300 as Hormuz deal cuts oil, yield pressure – Kitco PM Report
• Positive Sentiment: Several market reports said gold continued to climb as oil prices tumbled, U.S. yields fell, and the dollar weakened, all of which are supportive for gold prices and GLD. Update: Gold Sharply Higher As the U.S. and Iran Reach a Truce, Easing Inflation Worries
• Positive Sentiment: Analysts noted that gold held near session highs as weak U.S. manufacturing data and rising input prices reinforced expectations for easier Fed policy, which can further support bullion. Gold prices holding near session highs as Empire State Survey falls to 5.7 in June
• Neutral Sentiment: One report said the London Bullion Market Association may shift its auction timing to better serve Asian traders; this is more of a market-structure development than a direct catalyst for GLD. Gold Jumps as Benchmark Debate Builds
• Negative Sentiment: Some analysts warned that higher inflation could still keep rate-cut expectations in check, which may limit further upside for gold if Treasury yields rise again. Gold and silver rally after Iran-U.S. deal, but face headwinds from rate hike expectations – Heraeus

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.