Walser Wealth Management Company A Ltd Liability Co Makes New Investment in SPDR Gold Shares $GLD

Walser Wealth Management Company A Ltd Liability Co acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 134,666 shares of the exchange traded fund’s stock, valued at approximately $53,369,000. SPDR Gold Shares comprises approximately 28.1% of Walser Wealth Management Company A Ltd Liability Co’s investment portfolio, making the stock its biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GLD. Virtu Financial LLC purchased a new stake in shares of SPDR Gold Shares during the fourth quarter valued at approximately $474,952,000. MV Capital Management Inc. purchased a new position in shares of SPDR Gold Shares in the fourth quarter worth $411,000. Sunbelt Securities Inc. increased its stake in shares of SPDR Gold Shares by 0.6% in the fourth quarter. Sunbelt Securities Inc. now owns 4,736 shares of the exchange traded fund’s stock worth $1,877,000 after buying an additional 30 shares during the period. Dorsey Wright & Associates increased its stake in shares of SPDR Gold Shares by 1.5% in the fourth quarter. Dorsey Wright & Associates now owns 9,697 shares of the exchange traded fund’s stock worth $3,843,000 after buying an additional 148 shares during the period. Finally, Cambient Family Office LLC bought a new stake in SPDR Gold Shares during the 4th quarter valued at $494,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares News Roundup

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

• Negative Sentiment: Gold prices are retreating as the dollar tests yearly highs and traders reprice the Fed’s “higher-for-longer” message after the policy meeting. Gold, silver sink as dollar tests yearly highs following hawkish Fed – Kitco PM Report
• Negative Sentiment: Gold is also being pressured by stronger U.S. data, including a rebound in the Philly Fed survey and solid labor-market readings, which reduce expectations for near-term easing. Gold prices remain under pressure as Philly Fed Survey rebounds to 10.3 in June
• Neutral Sentiment: Some analysts say gold ETFs still deserve a place in long-term portfolios because of central-bank buying and diversification benefits, which may help limit downside over time. Why Gold ETFs Still Deserve a Place in Long-Term Portfolios
• Neutral Sentiment: Broader geopolitical uncertainty and central-bank reserve accumulation continue to provide a long-term backdrop of support, even as short-term pricing weakens. Central banks are bringing gold reserves home as geopolitical risks rise
• Negative Sentiment: Technical analysts warn that gold has broken lower from recent resistance and may be heading toward key support zones, suggesting more near-term downside for GLD if the selling continues. Gold (XAU/USD) Price Forecast: Can Bulls Defend Fibonacci Support?

SPDR Gold Shares Stock Down 0.4%

Shares of GLD opened at $387.12 on Friday. The stock has a market capitalization of $140.80 billion, a P/E ratio of -32.43 and a beta of 0.14. The firm has a fifty day simple moving average of $418.52 and a two-hundred day simple moving average of $428.27. SPDR Gold Shares has a twelve month low of $299.89 and a twelve month high of $509.70.

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.