SPDR Gold Shares $GLD Holdings Raised by Rossmore Private Capital

Rossmore Private Capital lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 61.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,657 shares of the exchange traded fund’s stock after purchasing an additional 2,536 shares during the quarter. Rossmore Private Capital’s holdings in SPDR Gold Shares were worth $2,638,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. First Eagle Investment Management LLC raised its stake in shares of SPDR Gold Shares by 2.7% during the third quarter. First Eagle Investment Management LLC now owns 2,531,196 shares of the exchange traded fund’s stock valued at $899,764,000 after purchasing an additional 66,416 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of SPDR Gold Shares during the third quarter valued at about $556,282,000. Ameriprise Financial Inc. raised its stake in shares of SPDR Gold Shares by 3.4% during the third quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock valued at $554,139,000 after purchasing an additional 50,756 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of SPDR Gold Shares by 3.0% during the third quarter. Envestnet Asset Management Inc. now owns 1,222,891 shares of the exchange traded fund’s stock valued at $434,701,000 after purchasing an additional 35,619 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of SPDR Gold Shares by 1.4% during the third quarter. Barclays PLC now owns 1,125,376 shares of the exchange traded fund’s stock valued at $400,037,000 after purchasing an additional 15,932 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares News Roundup

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

• Negative Sentiment: Gold fell further late Friday as the dollar and Treasury yields strengthened, with traders focused on whether the metal can hold the key $4,500 support zone. Silver dives below $76, gold tests $4,500 support as Iran risk drives oil, rate fears – Kitco PM Report
• Negative Sentiment: Technical commentary pointed to a bearish breakdown in gold, raising the risk of a deeper pullback toward major support levels. Gold (XAU/USD) Price Forecast: Bearish Breakdown Targets Major Support
• Negative Sentiment: Market reports said gold broke below $4,600 as rising yields and dollar strength outweighed traditional safe-haven demand. Gold breaks below $4,600 as dollar, yields overpower haven demand – Kitco AM Report
• Negative Sentiment: Additional commentary highlighted that hotter inflation data and a rally in the dollar have weakened bullish momentum in gold. Update: Gold Falls as the USD and Treasury Yields Surge on Inflation Worries
• Neutral Sentiment: Some analysts still noted strong long-term demand from central banks and continued interest in gold ETFs, which could help limit downside over time. Central Banks Are Snapping Up Gold, ETF Investors Are Just Waking Up: The Best Gold ETFs to Own Before It Hits $5,000

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $417.29 on Monday. SPDR Gold Shares has a fifty-two week low of $291.78 and a fifty-two week high of $509.70. The firm’s 50-day simple moving average is $435.54 and its 200 day simple moving average is $423.31. The stock has a market cap of $151.77 billion, a P/E ratio of -32.43 and a beta of 0.15.

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.