Coldstream Capital Management Inc. Grows Stock Position in SPDR Gold Shares $GLD

Coldstream Capital Management Inc. lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 123.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,873 shares of the exchange traded fund’s stock after purchasing an additional 10,979 shares during the quarter. Coldstream Capital Management Inc.’s holdings in SPDR Gold Shares were worth $7,876,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of GLD. WPG Advisers LLC purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth approximately $25,000. Chapman Financial Group LLC purchased a new stake in shares of SPDR Gold Shares during the second quarter worth approximately $26,000. Hopwood Financial Services Inc. purchased a new stake in shares of SPDR Gold Shares during the third quarter worth approximately $27,000. Vestwell Advisors LLC purchased a new stake in shares of SPDR Gold Shares during the third quarter worth approximately $27,000. Finally, USA Financial Formulas purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

Key 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…

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $413.82 on Friday. The stock has a fifty day moving average price of $429.77 and a two-hundred day moving average price of $424.64. The stock has a market capitalization of $150.51 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 1 year low of $299.89 and a 1 year 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.