Inscription Capital LLC Sells 4,436 Shares of SPDR Gold Shares $GLD

Inscription Capital LLC reduced its stake in SPDR Gold Shares (NYSEARCA:GLD) by 33.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,880 shares of the exchange traded fund’s stock after selling 4,436 shares during the quarter. Inscription Capital LLC’s holdings in SPDR Gold Shares were worth $3,382,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GLD. City Holding Co. raised its holdings in SPDR Gold Shares by 41.6% during the second quarter. City Holding Co. now owns 22,914 shares of the exchange traded fund’s stock valued at $8,441,000 after acquiring an additional 6,733 shares during the period. DDFG Inc lifted its position in shares of SPDR Gold Shares by 57.5% in the second quarter. DDFG Inc now owns 48,753 shares of the exchange traded fund’s stock valued at $17,959,000 after acquiring an additional 17,793 shares in the last quarter. Arcus Capital Partners LLC boosted its stake in shares of SPDR Gold Shares by 90.3% in the first quarter. Arcus Capital Partners LLC now owns 8,442 shares of the exchange traded fund’s stock worth $3,633,000 after acquiring an additional 4,005 shares during the period. Wellington Management Group LLP boosted its stake in shares of SPDR Gold Shares by 20.8% in the second quarter. Wellington Management Group LLP now owns 80,567 shares of the exchange traded fund’s stock worth $29,679,000 after acquiring an additional 13,877 shares during the period. Finally, First Eagle Investment Management LLC boosted its stake in shares of SPDR Gold Shares by 1.5% in the second quarter. First Eagle Investment Management LLC now owns 2,491,623 shares of the exchange traded fund’s stock worth $917,864,000 after acquiring an additional 35,882 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 0.8%

NYSEARCA:GLD opened at $375.49 on Friday. SPDR Gold Shares has a 12-month low of $354.67 and a 12-month high of $509.70. The stock has a 50-day moving average price of $385.96 and a 200 day moving average price of $411.85. The stock has a market capitalization of $137.09 billion, a P/E ratio of -32.43 and a beta of 0.20.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Gold’s rally continued, with reports citing softer yields and a weaker dollar as drivers. The World Bank also expects gold to stay above $4,000 an ounce through 2028, while central-bank purchases remain a source of demand. Gold climbs above $4,100 as falling yields, softer labor costs support bullion World Bank gold outlook
• Neutral Sentiment: Technical commentary described a possible bullish reversal after gold reclaimed resistance, but noted that the broader downtrend and resistance levels could constrain the recovery. Gold bullish reversal forecast
• Negative Sentiment: Elevated real yields and upcoming U.S. jobs data could weaken gold’s momentum if they bolster expectations for tighter monetary policy. Gold also faces resistance near $4,200. Gold faces $4,200 barrier

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.