Texas Yale Capital Corp. Sells 1,950 Shares of SPDR Gold Shares $GLD

Texas Yale Capital Corp. trimmed its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 10.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 17,086 shares of the exchange traded fund’s stock after selling 1,950 shares during the quarter. Texas Yale Capital Corp.’s holdings in SPDR Gold Shares were worth $6,771,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. First Eagle Investment Management LLC grew its position in SPDR Gold Shares by 2.7% in the third quarter. First Eagle Investment Management LLC now owns 2,531,196 shares of the exchange traded fund’s stock worth $899,764,000 after acquiring an additional 66,416 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of SPDR Gold Shares during the 3rd quarter worth $556,282,000. Ameriprise Financial Inc. boosted its holdings in shares of SPDR Gold Shares by 3.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock worth $554,139,000 after buying an additional 50,756 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of SPDR Gold Shares by 3.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,222,891 shares of the exchange traded fund’s stock worth $434,701,000 after buying an additional 35,619 shares during the period. Finally, Barclays PLC boosted its holdings in shares of SPDR Gold Shares by 1.4% during the 3rd quarter. Barclays PLC now owns 1,125,376 shares of the exchange traded fund’s stock worth $400,037,000 after buying an additional 15,932 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 1.1%

NYSEARCA GLD opened at $417.12 on Friday. The company has a fifty day simple moving average of $425.25 and a 200 day simple moving average of $426.28. The company has a market cap of $151.71 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 1 year low of $299.89 and a 1 year high of $509.70.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: Gold prices bounced as traders looked for a bullish reversal near key technical support, with some analysts saying buyers are still defending the long-term trend. Gold (XAU/USD) Price Forecast: Falling Wedge Signals Bullish Reversal
• Positive Sentiment: Weaker U.S. growth data and softer labor readings have kept alive hopes that the Federal Reserve could cut rates later this year, which tends to be supportive for gold. Gold rebounds as weak GDP offsets Hormuz risk – Kitco PM Report
• Positive Sentiment: Gold also benefited from renewed buying on dips and lingering geopolitical uncertainty, including headlines tied to Iran and the Middle East. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Prices Jump Amid Iran Deal Hopes
• Neutral Sentiment: Investors are now watching U.S. manufacturing, jobs, and other macro data for clues on inflation and interest rates, which could drive gold and GLD next. Gold braces for labor market week as investors eye manufacturing, jobs data
• Negative Sentiment: Gold has also faced selling pressure as inflation worries, higher yields, and a firmer dollar pushed prices to a two-month low at points this week, limiting upside for GLD. Gold tumbles to two-month low as inflation hedge status fades

SPDR Gold Shares 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.