Robinson Value Management Ltd. Invests $4.36 Million in SPDR Gold Shares $GLD

Robinson Value Management Ltd. purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 12,266 shares of the exchange traded fund’s stock, valued at approximately $4,360,000. SPDR Gold Shares comprises 2.5% of Robinson Value Management Ltd.’s holdings, making the stock its 11th biggest holding.

Other institutional investors also recently bought and sold shares of the company. Chapman Financial Group LLC acquired a new position in shares of SPDR Gold Shares in the 2nd quarter valued at $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in SPDR Gold Shares in the third quarter valued at approximately $31,000. Kilter Group LLC acquired a new stake in shares of SPDR Gold Shares during the 2nd quarter worth approximately $34,000. Traub Capital Management LLC acquired a new position in shares of SPDR Gold Shares in the second quarter worth about $34,000. Finally, First Command Advisory Services Inc. purchased a new position in shares of SPDR Gold Shares during the 2nd quarter valued at approximately $43,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

Key SPDR Gold Shares News

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

• Positive Sentiment: Gold price surge: Spot gold rose to new highs, lifting bullion-linked ETFs like GLD as investors seek a safe haven amid renewed trade/geopolitical worries. Gold price surges to new heights, silver lagging
• Positive Sentiment: Technical and momentum outlooks point to further upside: analysts and price forecasts highlight $4,750–$5,000+ gold as realistic targets, supporting continued demand for GLD exposure. Gold (XAUUSD) & Silver Price Forecast: Will $4,750 Gold and $100 Silver Break Out Next?
• Positive Sentiment: Analyst commentary: State Street and other market commentaries say the odds of gold moving to $5,000 are rising, reinforcing narratives that attract ETF inflows. The odds of gold going to $5,000 just keep getting better and better – State Street’s Aakash Doshi
• Positive Sentiment: Investor flows/positioning: Retail and advisory pieces are recommending GLD as a way to play record gold prices, which can drive additional demand for the ETF. Why You Should Play Record Gold Prices with the GLD ETF
• Neutral Sentiment: Sector nuance — miner downgrades: JPMorgan downgraded a gold miner and flagged cost/royalty risks for miners; this weighs on equities but has limited direct impact on GLD, which holds bullion. Leading bank downgrades Hochschild and flags downside risks as Q4 looms for gold miners
• Negative Sentiment: Possible short?term pullback: overnight coverage flagged a technical correction after the rally; if traders take profits or risk sentiment improves, GLD could see near?term weakness. Gold Edges Lower on Likely Technical Correction

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $421.29 on Tuesday. The firm has a fifty day moving average of $396.59 and a 200 day moving average of $357.19. The firm has a market cap of $158.24 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a one year low of $249.15 and a one year high of $426.86.

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.