Susquehanna International Group LLP Acquires Shares of 16,736 SPDR Gold Shares $GLD

Susquehanna International Group LLP acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,736 shares of the exchange traded fund’s stock, valued at approximately $417,000.

A number of other hedge funds have also modified their holdings of GLD. Hughes Financial Services LLC increased its stake in SPDR Gold Shares by 3.4% in the fourth quarter. Hughes Financial Services LLC now owns 667 shares of the exchange traded fund’s stock valued at $264,000 after purchasing an additional 22 shares during the period. Parr Mcknight Wealth Management Group LLC boosted its stake in shares of SPDR Gold Shares by 3.3% during the fourth quarter. Parr Mcknight Wealth Management Group LLC now owns 772 shares of the exchange traded fund’s stock worth $306,000 after buying an additional 25 shares during the period. Viewpoint Capital Management LLC grew its holdings in shares of SPDR Gold Shares by 2.8% during the first quarter. Viewpoint Capital Management LLC now owns 925 shares of the exchange traded fund’s stock worth $398,000 after buying an additional 25 shares during the last quarter. Summer Road LLC increased its position in SPDR Gold Shares by 11.1% in the 1st quarter. Summer Road LLC now owns 250 shares of the exchange traded fund’s stock valued at $108,000 after acquiring an additional 25 shares during the period. Finally, SFE Investment Counsel increased its position in SPDR Gold Shares by 4.5% in the 1st quarter. SFE Investment Counsel now owns 585 shares of the exchange traded fund’s stock valued at $252,000 after acquiring an additional 25 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 0.1%

GLD opened at $408.42 on Tuesday. The business has a 50 day moving average price of $386.36 and a two-hundred day moving average price of $415.88. The company has a market cap of $144.21 billion, a PE ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a 52 week low of $314.64 and a 52 week high of $509.70.

SPDR Gold Shares News Summary

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

• Positive Sentiment: Renewed U.S.-Iran tensions and risks surrounding the Strait of Hormuz are supporting safe-haven demand for gold, while higher oil prices could increase inflation concerns and strengthen the longer-term appeal of bullion. U.S. Strikes Raise Hormuz Risks: ETF Areas to Win/Lose
• Positive Sentiment: Julius Baer said the Treasury’s larger bond-buyback program is renewing concerns about U.S. fiscal sustainability and potential dollar debasement, factors that could encourage investors to hold gold through GLD. Treasury’s ramped-up bond buybacks soften the U.S. dollar and boost the gold price
• Neutral Sentiment: Analysts continue to describe gold’s broader trend as structurally bullish because of rising global money supply and government debt, although forecasts for substantially higher prices are longer-term and do not offset immediate volatility. Gold price is going to $20,000
• Negative Sentiment: Fed Chair Kevin Warsh’s hawkish message increased expectations for a rate hike and pushed yields higher. Because GLD holds non-yielding gold, elevated interest rates raise its opportunity cost and are pressuring the fund. Fed’s hawkishness will drive gold price toward $4,200
• Negative Sentiment: Gold ETF inflows have recently reversed after the selloff, suggesting some investors are taking profits. Technical analysts are watching key support levels as the metal tests whether it can stabilize after its recent rally. Gold ETF Inflows Reverse Course

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.