Centaurus Financial Inc. Has $13.48 Million Stock Holdings in SPDR Gold Shares $GLD

Centaurus Financial Inc. decreased its stake in SPDR Gold Shares (NYSEARCA:GLD) by 25.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,329 shares of the exchange traded fund’s stock after selling 10,708 shares during the period. SPDR Gold Shares accounts for approximately 0.6% of Centaurus Financial Inc.’s holdings, making the stock its 29th largest position. Centaurus Financial Inc.’s holdings in SPDR Gold Shares were worth $13,481,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of SPDR Gold Shares by 20.4% in the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after buying an additional 1,903 shares during the last quarter. Bison Wealth LLC grew its stake in shares of SPDR Gold Shares by 77.8% in the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after buying an additional 2,600 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in SPDR Gold Shares during the first quarter worth $16,014,000. Schnieders Capital Management LLC. increased its holdings in SPDR Gold Shares by 4.8% during the second quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock worth $1,829,000 after buying an additional 275 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new position in SPDR Gold Shares during the second quarter worth $337,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.5%

NYSEARCA GLD opened at $371.08 on Thursday. The firm’s fifty day moving average price is $385.54 and its two-hundred day moving average price is $423.10. SPDR Gold Shares has a 1 year low of $300.95 and a 1 year high of $509.70. The firm has a market capitalization of $131.21 billion, a P/E ratio of -32.43 and a beta of 0.17.

Trending Headlines about SPDR Gold Shares

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

• Positive Sentiment: The Fed’s decision to hold rates steady sparked a relief rally in gold. A less aggressive policy outlook could support non-yielding assets such as gold and GLD, although Fed Chair Kevin Warsh’s guidance remains important. Gold price jumps as Federal Reserve leaves interest rates unchanged
• Positive Sentiment: Retail investors are returning to precious metals after the months-long selloff. The Royal Mint reported recovering bullion demand, particularly for digital silver, signaling that some investors are buying the dip. Retail investors buy the dip as Royal Mint reports solid demand
• Positive Sentiment: Gold is holding above the psychologically important $4,000-per-ounce level and has defended key technical support. A move above nearby resistance could confirm a bullish reversal and provide an additional catalyst for GLD. Gold price forecast: Breakout retest sets stage for next advance
• Positive Sentiment: Ongoing central-bank buying and ETF inflows continue to provide underlying support for gold despite recent weakness. ETF inflows support gold ahead of Fed week

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.