8,000 Shares of SPDR Gold Shares $GLD Acquired by CVS HEALTH Corp

CVS HEALTH Corp purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 8,000 shares of the exchange traded fund’s stock, valued at approximately $3,047,000. SPDR Gold Shares makes up about 0.7% of CVS HEALTH Corp’s portfolio, making the stock its 27th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Management Professionals Inc. raised its position in shares of SPDR Gold Shares by 0.6% in the 2nd quarter. Financial Management Professionals Inc. now owns 4,414 shares of the exchange traded fund’s stock valued at $1,626,000 after purchasing an additional 27 shares in the last quarter. Kraft Davis & Associates LLC grew its position in shares of SPDR Gold Shares by 0.6% during the second quarter. Kraft Davis & Associates LLC now owns 4,595 shares of the exchange traded fund’s stock worth $1,714,000 after buying an additional 27 shares in the last quarter. Capital City Trust Co. FL grew its position in shares of SPDR Gold Shares by 1.8% during the second quarter. Capital City Trust Co. FL now owns 1,516 shares of the exchange traded fund’s stock worth $558,000 after buying an additional 27 shares in the last quarter. Peoples Bank KS grew its position in shares of SPDR Gold Shares by 2.0% during the third quarter. Peoples Bank KS now owns 1,410 shares of the exchange traded fund’s stock worth $537,000 after buying an additional 27 shares in the last quarter. Finally, LCM Capital Management Inc grew its position in shares of SPDR Gold Shares by 4.4% during the third quarter. LCM Capital Management Inc now owns 634 shares of the exchange traded fund’s stock worth $241,000 after buying an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 1.1%

Shares of NYSEARCA:GLD opened at $365.17 on Thursday. The company has a fifty day simple moving average of $382.96 and a 200 day simple moving average of $410.33. The firm has a market cap of $128.69 billion, a PE ratio of -32.43 and a beta of 0.20. SPDR Gold Shares has a 12-month low of $354.67 and a 12-month high of $509.70.

Key SPDR Gold Shares News

Investors following GLD have been watching these news items:

• Positive Sentiment: Some analysts still see scope for a recovery: Standard Chartered expects gold to reach $4,650 by year-end, while early-session bargain buying and short covering briefly supported prices. Gold prices find solid support at $4,000 as Standard Chartered sees rally to $4,650 by year-end
• Negative Sentiment: Hotter-than-expected U.S. inflation has raised expectations for further Fed tightening, pushing the dollar and real yields higher. Those factors make non-yielding gold less attractive; analysts warn that a sustained break below support could open the way toward $3,900. Gold falls below $4,000 as dollar surges, Fed hike bets rise
• Negative Sentiment: Investor flows have also been a headwind: SPDR Gold Shares reportedly saw about $1.8 billion in outflows in October, while Indian gold ETF inflows fell 22% that month. Forget the ETF Outflows: Gold Miners Offer 3X Leverage As Cash Flow Surges

SPDR Gold Shares 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.