Corps Capital Advisors LLC Has $833,000 Stock Position in SPDR Gold Shares $GLD

Corps Capital Advisors LLC lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 214.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,103 shares of the exchange traded fund’s stock after buying an additional 1,435 shares during the period. Corps Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $833,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of GLD. WPG Advisers LLC acquired a new position in shares of SPDR Gold Shares during the 4th quarter worth $25,000. Chapman Financial Group LLC acquired a new position in shares of SPDR Gold Shares during the 2nd quarter worth $26,000. Timmons Wealth Management LLC acquired a new position in shares of SPDR Gold Shares during the 4th quarter worth $26,000. Vestwell Advisors LLC acquired a new position in shares of SPDR Gold Shares during the 3rd quarter worth $27,000. Finally, Eukles Asset Management acquired a new position in shares of SPDR Gold Shares during the 4th quarter worth $27,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Gold is showing signs of a rebound after holding major support, suggesting buyers are stepping in after the recent selloff. Gold (XAU/USD) Price Forecast: Failed Breakdown Hints at Rebound
• Positive Sentiment: Safe-haven demand improved as Middle East tensions persisted and U.S.-Iran talk headlines supported a bid for precious metals. Gold and Silver Price Forecast: US-Iran Deal Hopes Lift XAUUSD and XAGUSD
• Positive Sentiment: Gold held key support around $4,000, and analysts said that level may act as a floor as investors cautiously return to the trade. Gold holds key $4,000 support as analysts watch for signs of a bottom
• Neutral Sentiment: The CME plans to offer 24/7 gold trading, which could improve access and liquidity but does not directly change fundamentals. CME to offer 24/7 gold and oil trading
• Neutral Sentiment: Gold remains caught between bargain-hunting support and macro pressure from higher-for-longer rate expectations and stronger U.S. inflation readings. Spot gold at $4,062/oz after U.S. May PPI rises 1.1%, core PPI up 0.4%
• Negative Sentiment: Several reports warn that gold remains under pressure from a stronger dollar, elevated yields, and fears the Fed may keep rates restrictive, which could limit any recovery in GLD. Gold slumps to 6-month low even as inflation fears rise. Here’s why bullion is out of favor

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $386.54 on Friday. SPDR Gold Shares has a 52 week low of $299.89 and a 52 week high of $509.70. The stock has a market capitalization of $140.58 billion, a P/E ratio of -32.43 and a beta of 0.14. The stock has a fifty day moving average of $421.49 and a 200-day moving average of $427.68.

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.