Focus Partners Wealth Has $181.71 Million Stock Holdings in SPDR Gold Shares $GLD

Focus Partners Wealth lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 5.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 458,947 shares of the exchange traded fund’s stock after buying an additional 22,487 shares during the quarter. Focus Partners Wealth’s holdings in SPDR Gold Shares were worth $181,706,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Morgan Stanley boosted its position in SPDR Gold Shares by 22.4% during the 4th quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock worth $5,506,229,000 after acquiring an additional 2,539,266 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of SPDR Gold Shares by 2.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 2,531,196 shares of the exchange traded fund’s stock worth $899,764,000 after purchasing an additional 66,416 shares in the last quarter. Bank of Montreal Can bought a new stake in SPDR Gold Shares in the 3rd quarter valued at $556,282,000. Ameriprise Financial Inc. raised its stake in SPDR Gold Shares by 3.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock valued at $554,139,000 after acquiring an additional 50,756 shares during the period. Finally, Barclays PLC raised its stake in SPDR Gold Shares by 1.4% in the 3rd quarter. Barclays PLC now owns 1,125,376 shares of the exchange traded fund’s stock valued at $400,037,000 after acquiring an additional 15,932 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

GLD stock opened at $386.54 on Friday. The stock has a market capitalization of $140.58 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14. The business’s fifty day moving average price is $421.49 and its two-hundred day moving average price is $427.68. SPDR Gold Shares has a fifty-two week low of $299.89 and a fifty-two week high of $509.70.

SPDR Gold Shares News Summary

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

• Positive Sentiment: Gold is showing signs of a rebound after holding major support, suggesting buyers are stepping in after the recent selloff. Gold (XAU/USD) Price Forecast: Failed Breakdown Hints at Rebound
• Positive Sentiment: Safe-haven demand improved as Middle East tensions persisted and U.S.-Iran talk headlines supported a bid for precious metals. Gold and Silver Price Forecast: US-Iran Deal Hopes Lift XAUUSD and XAGUSD
• Positive Sentiment: Gold held key support around $4,000, and analysts said that level may act as a floor as investors cautiously return to the trade. Gold holds key $4,000 support as analysts watch for signs of a bottom
• Neutral Sentiment: The CME plans to offer 24/7 gold trading, which could improve access and liquidity but does not directly change fundamentals. CME to offer 24/7 gold and oil trading
• Neutral Sentiment: Gold remains caught between bargain-hunting support and macro pressure from higher-for-longer rate expectations and stronger U.S. inflation readings. Spot gold at $4,062/oz after U.S. May PPI rises 1.1%, core PPI up 0.4%
• Negative Sentiment: Several reports warn that gold remains under pressure from a stronger dollar, elevated yields, and fears the Fed may keep rates restrictive, which could limit any recovery in GLD. Gold slumps to 6-month low even as inflation fears rise. Here’s why bullion is out of favor

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.