GPS Wealth Strategies Group LLC Trims Position in SPDR Gold Shares $GLD

GPS Wealth Strategies Group LLC cut its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 43.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,450 shares of the exchange traded fund’s stock after selling 1,845 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in SPDR Gold Shares were worth $971,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Calder Financial LLC acquired a new stake in SPDR Gold Shares in the 4th quarter valued at $807,000. Empirical Asset Management LLC boosted its stake in SPDR Gold Shares by 256.7% during the 3rd quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock worth $12,941,000 after purchasing an additional 26,197 shares during the last quarter. Colonial Trust Advisors boosted its stake in SPDR Gold Shares by 7.6% during the 3rd quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock worth $7,010,000 after purchasing an additional 1,385 shares during the last quarter. Ervin Investment Management LLC acquired a new stake in SPDR Gold Shares during the 4th quarter worth $7,178,000. Finally, MB Generational Wealth LLC purchased a new position in shares of SPDR Gold Shares during the 3rd quarter worth $407,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.8%

NYSEARCA GLD opened at $413.82 on Friday. SPDR Gold Shares has a 52 week low of $299.89 and a 52 week high of $509.70. The business’s fifty day simple moving average is $429.77 and its 200-day simple moving average is $424.64. The firm has a market cap of $150.51 billion, a PE ratio of -32.43 and a beta of 0.15.

More SPDR Gold Shares News

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

• Negative Sentiment: Gold prices weakened as a stronger dollar and higher Treasury yields reduced demand for the non-yielding metal. Gold weakens as U.S.-Iran talks keep oil, rates in focus – Kitco PM Report
• Negative Sentiment: Several reports said traders are worried the Fed could stay hawkish or even raise rates further, which has kept precious metals under pressure. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Worry About Hawkish Fed
• Neutral Sentiment: Gold remains in a tight trading range, with volatility compressing and the market looking for a breakout catalyst. Gold (XAU/USD) Price Forecast: Compression Signals Major Breakout Potential
• Neutral Sentiment: Weak U.S. consumer sentiment and rising inflation expectations could support gold over time, but that effect was offset by stronger dollar and rate pressures today. Spot gold hits session low near $4,500/oz after final Consumer Sentiment drops to 44.8…

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.