5,219 SPDR Gold Shares $GLD Shares Purchased by StoneX Group Inc.

StoneX Group Inc. increased its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 42.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,601 shares of the exchange traded fund’s stock after purchasing an additional 5,219 shares during the quarter. StoneX Group Inc.’s holdings in SPDR Gold Shares were worth $6,754,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Parvin Asset Management LLC purchased a new position in SPDR Gold Shares during the 1st quarter worth approximately $31,000. Livelsberger Financial Advisory acquired a new stake in SPDR Gold Shares during the 3rd quarter valued at approximately $30,000. NBH Bank purchased a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at $41,000. IMG Wealth Management Inc. boosted its holdings in shares of SPDR Gold Shares by 440.9% in the 3rd quarter. IMG Wealth Management Inc. now owns 119 shares of the exchange traded fund’s stock valued at $45,000 after acquiring an additional 97 shares during the last quarter. Finally, RHL Group LLC boosted its holdings in shares of SPDR Gold Shares by 48.9% in the 2nd quarter. RHL Group LLC now owns 131 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $372.52 on Friday. The firm has a market capitalization of $135.93 billion, a P/E ratio of -32.43 and a beta of 0.20. SPDR Gold Shares has a 1-year low of $354.67 and a 1-year high of $509.70. The company’s fifty day moving average price is $384.96 and its 200-day moving average price is $411.53.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: One analyst says proposed Democratic spending could weaken the U.S. dollar and provide a longer-term floor for gold. Midterm-related buying had also helped gold return above $4,000 an ounce. Article: Dems’ spending plans could weaken the dollar and support gold
• Neutral Sentiment: Election results may have reduced some uncertainty, but traders still see the Federal Reserve and the President as key influences on the dollar and gold. Markets are awaiting the Fed’s December decision. Article: Gold and the dollar remain dependent on Trump and the Fed
• Negative Sentiment: October payrolls rose by 165,000, stronger than expected, lifting the dollar and real yields and increasing expectations of a possible December Fed rate hike. That pressured gold and threatens its $4,000-an-ounce support; a sustained break could deepen bullion’s pullback, weighing on GLD. Article: Gold faces risk to $4,000 support after strong payrolls

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.