Spartan Wealth Advisory Services LLC Invests $921,000 in SPDR Gold Shares $GLD

Spartan Wealth Advisory Services LLC purchased a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,140 shares of the exchange traded fund’s stock, valued at approximately $921,000.

Other large investors also recently modified their holdings of the company. Calder Financial LLC purchased a new stake in SPDR Gold Shares in the fourth quarter worth about $807,000. Crescent Grove Advisors LLC boosted its position in shares of SPDR Gold Shares by 25.3% in the 4th quarter. Crescent Grove Advisors LLC now owns 15,719 shares of the exchange traded fund’s stock worth $6,230,000 after purchasing an additional 3,175 shares in the last quarter. Arcus Capital Partners LLC raised its position in shares of SPDR Gold Shares by 90.3% in the 1st quarter. Arcus Capital Partners LLC now owns 8,442 shares of the exchange traded fund’s stock worth $3,633,000 after purchasing an additional 4,005 shares during the last quarter. Cidel Asset Management Inc. boosted its stake in SPDR Gold Shares by 69.8% in the 1st quarter. Cidel Asset Management Inc. now owns 3,368 shares of the exchange traded fund’s stock worth $1,449,000 after purchasing an additional 1,384 shares in the last quarter. Finally, Ervin Investment Management LLC bought a new stake in shares of SPDR Gold Shares in the 4th quarter worth $7,178,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

GLD stock opened at $368.41 on Monday. The business has a fifty day moving average price of $393.74 and a 200-day moving average price of $424.88. SPDR Gold Shares has a 1-year low of $300.95 and a 1-year high of $509.70. The stock has a market capitalization of $129.31 billion, a P/E ratio of -32.43 and a beta of 0.17.

More SPDR Gold Shares News

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

• Positive Sentiment: Gold briefly rebounded near $4,000/oz after softer U.S. inflation expectations and stronger consumer sentiment, which can support demand for safe-haven assets. Spot gold hits session high near $4,000/oz after preliminary Consumer Sentiment rises to 54.4, one-year inflation expectations ease
• Positive Sentiment: Some analysts say the broader gold bull market is not over and that central-bank buying remains a structural support for prices over the long term. Gold Rises; Central Bank Buying Likely to Remain Structural Driver
• Neutral Sentiment: Teucrium launched a new physical gold ETF, adding more competition and product choice in the gold ETF space. Teucrium Launches TPMT, a New Physical Gold ETF With a 0.24% Fee
• Negative Sentiment: Gold has slipped to an eight-month low and is struggling to hold support, with traders focused on bearish technical levels near $3,942 and below. Gold (XAU/USD) Price Forecast: Bearish Pressure Builds Near Critical Support
• Negative Sentiment: Stronger U.S. economic data, rising Treasury yields, and a firmer dollar have reduced demand for gold as a defensive asset. Gold breaks $4,000 as yields rise, Fed-rate relief fades – Kitco PM Report
• Negative Sentiment: SPDR Gold Shares has seen heavy investor outflows since March, signaling fading appetite for GLD amid gold’s pullback. Largest U.S. gold ETF sees 14 billion in outflows since March, amid gold’s year-to-date pullback

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.