2,263 SPDR Gold Shares $GLD Shares Sold by Guidance Capital Inc.

Guidance Capital Inc. cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 14.3% in the third quarter, Holdings Channel reports. The institutional investor owned 13,570 shares of the exchange traded fund’s stock after selling 2,263 shares during the quarter. SPDR Gold Shares accounts for about 1.1% of Guidance Capital Inc.’s portfolio, making the stock its 16th biggest holding. Guidance Capital Inc.’s holdings in SPDR Gold Shares were worth $4,908,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. City Holding Co. boosted its stake 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 worth $8,441,000 after buying an additional 6,733 shares in the last quarter. DDFG Inc raised its stake in shares of SPDR Gold Shares by 57.5% in the 2nd quarter. DDFG Inc now owns 48,753 shares of the exchange traded fund’s stock valued at $17,959,000 after buying an additional 17,793 shares in the last quarter. Arcus Capital Partners LLC raised its stake 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 valued at $3,633,000 after buying an additional 4,005 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of SPDR Gold Shares by 20.8% in the 2nd quarter. Wellington Management Group LLP now owns 80,567 shares of the exchange traded fund’s stock valued at $29,679,000 after buying an additional 13,877 shares in the last quarter. Finally, Lotus Asset Management LLC bought a new position in shares of SPDR Gold Shares during the 2nd quarter worth about $638,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD traded down $2.97 during midday trading on Friday, reaching $372.52. 7,393,978 shares of the company’s stock were exchanged, compared to its average volume of 11,419,466. The company’s 50 day simple moving average is $384.96 and its two-hundred day simple moving average is $411.53. SPDR Gold Shares has a 12 month low of $354.67 and a 12 month high of $509.70. The firm has a market capitalization of $135.93 billion, a PE ratio of -32.43 and a beta of 0.20.

Trending Headlines about SPDR Gold Shares

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

• Positive Sentiment: One analyst says proposed Democratic spending could weaken the U.S. dollar and provide a longer-term floor for gold. Midterm-related buying had also helped gold return above $4,000 an ounce. Article: Dems’ spending plans could weaken the dollar and support gold
• Neutral Sentiment: Election results may have reduced some uncertainty, but traders still see the Federal Reserve and the President as key influences on the dollar and gold. Markets are awaiting the Fed’s December decision. Article: Gold and the dollar remain dependent on Trump and the Fed
• Negative Sentiment: October payrolls rose by 165,000, stronger than expected, lifting the dollar and real yields and increasing expectations of a possible December Fed rate hike. That pressured gold and threatens its $4,000-an-ounce support; a sustained break could deepen bullion’s pullback, weighing on GLD. Article: Gold faces risk to $4,000 support after strong payrolls

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.