Mesirow Financial Investment Management Inc. Sells 52,421 Shares of SPDR Gold Shares $GLD

Mesirow Financial Investment Management Inc. lowered its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 24.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 161,977 shares of the exchange traded fund’s stock after selling 52,421 shares during the period. SPDR Gold Shares makes up approximately 1.3% of Mesirow Financial Investment Management Inc.’s holdings, making the stock its 15th biggest position. Mesirow Financial Investment Management Inc.’s holdings in SPDR Gold Shares were worth $64,193,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Prepared Retirement Institute LLC lifted its stake in SPDR Gold Shares by 1.6% during the 4th quarter. Prepared Retirement Institute LLC now owns 1,328 shares of the exchange traded fund’s stock valued at $526,000 after acquiring an additional 21 shares during the period. True Vision MN LLC lifted its stake in SPDR Gold Shares by 3.2% during the 4th quarter. True Vision MN LLC now owns 768 shares of the exchange traded fund’s stock valued at $304,000 after acquiring an additional 24 shares during the period. Burns J W & Co. Inc. NY lifted its stake in SPDR Gold Shares by 0.7% during the 4th quarter. Burns J W & Co. Inc. NY now owns 3,500 shares of the exchange traded fund’s stock valued at $1,387,000 after acquiring an additional 25 shares during the period. PFS Partners LLC lifted its stake in shares of SPDR Gold Shares by 2.4% in the 4th quarter. PFS Partners LLC now owns 1,078 shares of the exchange traded fund’s stock worth $427,000 after purchasing an additional 25 shares during the period. Finally, Steigerwald Gordon & Koch Inc. lifted its stake in shares of SPDR Gold Shares by 28.7% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 112 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 25 shares during the period. Institutional investors own 42.19% of the company’s stock.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: Some analysts and strategists still see a constructive longer-term setup for gold, with commentary pointing to inflation, heavy U.S. debt, and geopolitical uncertainty as reasons the metal could remain supported over time. Gold will navigate near-term headwinds to reach $5,000/oz by year-end – ING’s Manthey
• Positive Sentiment: India’s higher import tariffs on gold and silver could support prices by tightening demand in one of the world’s biggest precious-metals markets. India Raises Gold, Silver Tariffs to Curb Imports
• Neutral Sentiment: Technical coverage suggests GLD is near an important support zone, with traders watching moving averages to see whether the recent pullback turns into a bounce or a deeper correction. The gold chart looks poised for a bounce. How to play it for less
• Neutral Sentiment: Gold is also being described as range-bound near a key 100-day moving average, leaving direction dependent on whether buyers can reclaim technical resistance. Gold (XAU/USD) Price Forecast: 100-Day Average Defines Next Move
• Negative Sentiment: Multiple reports say gold weakened after the latest U.S. producer-price and inflation prints, as stronger yields and a firmer dollar pressured bullion lower. Gold weakens, silver tests $90 after April producer-price shock – Kitco PM Report

SPDR Gold Shares Stock Down 0.6%

Shares of NYSEARCA:GLD opened at $430.50 on Thursday. The firm’s 50 day moving average price is $437.45 and its 200-day moving average price is $422.61. SPDR Gold Shares has a twelve month low of $291.78 and a twelve month high of $509.70. The stock has a market capitalization of $156.57 billion, a PE ratio of -32.43 and a beta of 0.15.

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.