Turtle Creek Wealth Advisors LLC Purchases 2,000 Shares of SPDR Gold Shares $GLD

Turtle Creek Wealth Advisors LLC increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 151.9% during the third quarter, HoldingsChannel.com reports. The firm owned 3,317 shares of the exchange traded fund’s stock after buying an additional 2,000 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $1,179,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. 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 buying an additional 1,903 shares during the period. Bison Wealth LLC boosted its position in shares of SPDR Gold Shares by 77.8% during the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after acquiring an additional 2,600 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in SPDR Gold Shares in the first quarter valued at about $16,014,000. Annex Advisory Services LLC raised its position in SPDR Gold Shares by 16.0% in the second quarter. Annex Advisory Services LLC now owns 1,996 shares of the exchange traded fund’s stock worth $608,000 after purchasing an additional 275 shares in the last quarter. Finally, Lewis Asset Management LLC lifted its stake in SPDR Gold Shares by 30.2% during the second quarter. Lewis Asset Management LLC now owns 1,098 shares of the exchange traded fund’s stock worth $335,000 after purchasing an additional 255 shares during the period. 42.19% of the stock is owned by institutional investors.

Key Stories Impacting SPDR Gold Shares

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 Trading Down 0.5%

NYSEARCA GLD opened at $421.29 on Tuesday. SPDR Gold Shares has a 1-year low of $249.15 and a 1-year high of $426.86. The company has a market capitalization of $158.24 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The stock’s 50 day moving average is $396.59 and its two-hundred day moving average is $357.19.

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.