SPDR Gold Shares $GLD is Gordian Capital Singapore Pte Ltd’s 3rd Largest Position

Gordian Capital Singapore Pte Ltd raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 290.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,800 shares of the exchange traded fund’s stock after buying an additional 5,800 shares during the period. SPDR Gold Shares accounts for about 4.3% of Gordian Capital Singapore Pte Ltd’s investment portfolio, making the stock its 3rd biggest holding. Gordian Capital Singapore Pte Ltd’s holdings in SPDR Gold Shares were worth $3,091,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of GLD. Brighton Jones LLC lifted its position in shares of SPDR Gold Shares by 20.4% during the fourth 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 last quarter. Bison Wealth LLC lifted its position in shares of SPDR Gold Shares by 77.8% during the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after buying 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 during the first quarter valued at about $16,014,000. Schnieders Capital Management LLC. lifted its position in shares of SPDR Gold Shares by 4.8% during the second quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock valued at $1,829,000 after buying an additional 275 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new stake in shares of SPDR Gold Shares during the second quarter valued at about $337,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: China increased its gold reserves by 9.95 tonnes in May, marking its 19th straight month of purchases and reinforcing long-term demand for bullion. China increases gold reserves by 9.95 tonnes in May for 19th straight month of purchases
• Positive Sentiment: Some traders are buying the dip as gold attempts to rebound after the selloff, suggesting short-term support may be forming. Gold Attempts To Rebound After Sell-Off
• Neutral Sentiment: Gold held near $4,330 as safe-haven demand from Middle East tensions was offset by firmer rate expectations and a stronger dollar. Gold holds near $4,330 as oil pares Iran-Israel risk premium – Kitco PM Report
• Neutral Sentiment: ETF investors poured billions into stock funds overall, even as GLD saw a significant outflow, showing mixed appetite across the market. ETF Investors Shrug Off Friday’s Selloff, Pour In $41 Billion
• Negative Sentiment: Gold hit a fresh five-month low and gave up year-to-date gains as rising oil prices fueled inflation worries and kept pressure on bullion. Update: Gold Gives Up All Its Gains This Year as Rising Oil Prices Heighten Inflation Worries
• Negative Sentiment: GLD recorded $702 million in outflows, indicating investors have been reducing exposure to the gold ETF. Daily ETF Flows: GLD Loses $702M

SPDR Gold Shares Stock Performance

GLD stock opened at $397.27 on Tuesday. The firm has a market cap of $144.49 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14. The firm has a 50-day simple moving average of $424.67 and a two-hundred day simple moving average of $427.78. SPDR Gold Shares has a one year low of $299.89 and a one year high of $509.70.

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.