Ameritas Advisory Services LLC Purchases 9,175 Shares of SPDR Gold Shares $GLD

Ameritas Advisory Services LLC grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 52.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,723 shares of the exchange traded fund’s stock after acquiring an additional 9,175 shares during the quarter. Ameritas Advisory Services LLC’s holdings in SPDR Gold Shares were worth $10,591,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of GLD. Brighton Jones LLC raised its stake in shares of SPDR Gold Shares by 20.4% in the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after purchasing an additional 1,903 shares during the last quarter. Bison Wealth LLC raised its stake in shares of SPDR Gold Shares by 77.8% in the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $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 purchased a new stake in shares of SPDR Gold Shares in the first quarter worth approximately $16,014,000. Schnieders Capital Management LLC. raised its stake in shares of SPDR Gold Shares by 4.8% in the second quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock worth $1,829,000 after purchasing an additional 275 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new stake in shares of SPDR Gold Shares in the second quarter worth approximately $337,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.4%

Shares of SPDR Gold Shares stock opened at $432.93 on Wednesday. The company has a market cap of $157.46 billion, a PE ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 52 week low of $291.78 and a 52 week high of $509.70. The business has a 50 day moving average price of $438.64 and a 200-day moving average price of $422.25.

Key SPDR Gold Shares News

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

• Negative Sentiment: Gold prices slipped after the latest U.S. CPI reading lifted rate-cut uncertainty, sending yields and the dollar higher and pressuring precious metals. Gold slips, silver firms as CPI lifts yields and dollar – Kitco PM Report
• Negative Sentiment: Multiple market updates said gold traded lower as the stronger U.S. dollar and rising yields followed the inflation report, reinforcing near-term headwinds for GLD. Update: Gold Trading Lower as the Dollar and Yields Rise as U.S. Inflation Surged Last Month
• Neutral Sentiment: Technically, gold is sitting near a major resistance zone, so traders are watching for either a breakout that could support GLD or a pullback if buying momentum fades. Gold (XAU/USD) Price Forecast: Resistance Zone Tests Market Direction
• Neutral Sentiment: Some analysts still see long-term upside for gold, but they also warned that near-term macro headwinds from hawkish Fed expectations could keep GLD volatile. Gold will navigate near-term headwinds to reach $5,000/oz by year-end – ING’s Manthey

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.