Guardian Partners Inc. Sells 3,799 Shares of SPDR Gold Shares $GLD

Guardian Partners Inc. reduced its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 88.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 479 shares of the exchange traded fund’s stock after selling 3,799 shares during the period. Guardian Partners Inc.’s holdings in SPDR Gold Shares were worth $207,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of GLD. Calder Financial LLC bought a new stake in SPDR Gold Shares during the 4th quarter valued at approximately $807,000. Crescent Grove Advisors LLC grew its holdings in shares of SPDR Gold Shares by 25.3% during the 4th quarter. Crescent Grove Advisors LLC now owns 15,719 shares of the exchange traded fund’s stock worth $6,230,000 after acquiring an additional 3,175 shares during the period. Arcus Capital Partners LLC raised its position 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 worth $3,633,000 after acquiring an additional 4,005 shares in the last quarter. Ervin Investment Management LLC bought a new position in shares of SPDR Gold Shares in the 4th quarter worth approximately $7,178,000. Finally, Cidel Asset Management Inc. lifted its stake in shares of SPDR Gold Shares by 69.8% in the 1st quarter. Cidel Asset Management Inc. now owns 3,368 shares of the exchange traded fund’s stock valued at $1,449,000 after purchasing an additional 1,384 shares during the period. 42.19% of the stock is owned by institutional investors.

Key Stories Impacting 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

SPDR Gold Shares Stock Up 0.5%

Shares of GLD stock opened at $371.08 on Thursday. The business’s fifty day moving average is $385.54 and its 200 day moving average is $423.10. The stock has a market cap of $131.21 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a twelve month low of $300.95 and a twelve month high of $509.70.

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.