SPDR Gold Shares $GLD Stock Bought by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 198,727 shares of the exchange traded fund’s stock after purchasing an additional 2,843 shares during the period. SPDR Gold Shares accounts for about 1.2% of Mesirow Financial Investment Management Inc.’s investment portfolio, making the stock its 20th largest position. Mesirow Financial Investment Management Inc. owned about 0.05% of SPDR Gold Shares worth $75,682,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Parvin Asset Management LLC purchased a new position in shares of SPDR Gold Shares during the first quarter valued at approximately $31,000. Livelsberger Financial Advisory acquired a new stake in SPDR Gold Shares during the third quarter worth approximately $30,000. NBH Bank acquired a new stake in SPDR Gold Shares during the second quarter worth approximately $41,000. IMG Wealth Management Inc. boosted its position in SPDR Gold Shares by 440.9% during the third quarter. IMG Wealth Management Inc. now owns 119 shares of the exchange traded fund’s stock worth $45,000 after acquiring an additional 97 shares during the last quarter. Finally, RHL Group LLC grew its stake in SPDR Gold Shares by 48.9% in the 2nd quarter. RHL Group LLC now owns 131 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 43 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: China continued adding to its gold reserves, extending its buying streak to a second year. Ongoing central-bank purchases may help support gold demand and GLD over the longer term. China buys gold for two straight years as central bank demand remains a key pillar of support
• Positive Sentiment: Gold edged higher in early Asian trading after a sharp overnight drop, which one report described as a likely technical rebound. This could provide short-term support, though it does not reverse the pressure from inflation and rate expectations. Gold Edges Higher in Likely Technical Rebound
• Neutral Sentiment: A Fed economist said recent central-bank gold repatriations have had little effect on those countries’ U.S. dollar reserve allocations. The report offers context on gold demand but does not point to a clear near-term change in GLD’s outlook. Gold reserve repatriations don’t mean central banks are de-dollarizing – Fed’s Weiss
• Negative Sentiment: Hotter U.S. CPI drove gold sharply lower and increased expectations for a December Fed rate hike, with the possibility of a larger adjustment also raised. Higher yields and a stronger dollar are headwinds for bullion and GLD. Gold, silver plunge as hotter U.S. inflation raises prospect of larger Fed rate hike
• Negative Sentiment: SPDR Gold Shares reportedly saw about $1.8 billion in outflows in October. Continued withdrawals could weigh on demand for the fund, even as gold-mining stocks attract investor interest. Forget the ETF Outflows: Gold Miners Offer 3X Leverage As Cash Flow Surges

SPDR Gold Shares Stock Performance

GLD stock opened at $369.36 on Wednesday. The company has a 50 day moving average price of $383.59 and a two-hundred day moving average price of $410.80. The stock has a market capitalization of $134.78 billion, a P/E ratio of -32.43 and a beta of 0.20. SPDR Gold Shares has a one year low of $354.67 and a one year high of $509.70.

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.