Clal Insurance Enterprises Holdings Ltd Reduces Stock Position in SPDR Gold Shares $GLD

Clal Insurance Enterprises Holdings Ltd cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 67.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,000 shares of the exchange traded fund’s stock after selling 168,000 shares during the period. Clal Insurance Enterprises Holdings Ltd’s holdings in SPDR Gold Shares were worth $35,284,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Calder Financial LLC bought a new position in shares of SPDR Gold Shares in the fourth quarter worth about $807,000. Crescent Grove Advisors LLC lifted its position in shares of SPDR Gold Shares by 25.3% in the 4th quarter. Crescent Grove Advisors LLC now owns 15,719 shares of the exchange traded fund’s stock worth $6,230,000 after purchasing an additional 3,175 shares during the period. Arcus Capital Partners LLC increased its holdings in shares of SPDR Gold Shares by 90.3% in the 1st quarter. Arcus Capital Partners LLC now owns 8,442 shares of the exchange traded fund’s stock valued at $3,633,000 after acquiring an additional 4,005 shares during the period. Cidel Asset Management Inc. raised its holdings in SPDR Gold Shares by 69.8% in the first quarter. Cidel Asset Management Inc. now owns 3,368 shares of the exchange traded fund’s stock worth $1,449,000 after purchasing an additional 1,384 shares in the last quarter. Finally, Ervin Investment Management LLC purchased a new stake in SPDR Gold Shares during the fourth quarter valued at approximately $7,178,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Gold prices recovered as buyers stepped in after the recent selloff, with analysts noting strong support from short covering, safe-haven demand, and ongoing central bank buying. Gold rallies as buyers ignore higher yields, oil shock – Kitco PM Report
• Positive Sentiment: Gold found support around $4,000 and traded higher even as Treasury yields and the U.S. dollar remained firm, suggesting resilient demand for the metal. Update: Gold Trading Higher, Finds Support at $4,000 Even as Dollar and Yields Rise
• Positive Sentiment: Market strategists and analysts said gold’s risk/reward profile has improved, with downside appearing more limited while long-term upside remains supported by central-bank demand and geopolitical uncertainty. Central bank gold demand has ‘very long runway’ as East/West market split returns – Schroders
• Neutral Sentiment: Some commentary noted that GLD remains the most liquid and widely used gold ETF, though it also pointed to its 0.40% expense ratio as a long-term drag versus cheaper alternatives. Gold Has Doubled in Less Than Two Years. Which ETF is Better to Play the Historic Rally, GLD or SGDM?
• Neutral Sentiment: Broader coverage highlighted that gold is still balancing safe-haven buying against higher-for-longer rate concerns, which could keep GLD volatile if yields and the dollar strengthen again. Gold Falls Amid Higher-For-Longer Interest-Rate Expectations

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $374.81 on Wednesday. SPDR Gold Shares has a 1-year low of $300.95 and a 1-year high of $509.70. The company has a market cap of $131.56 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. The stock’s fifty day moving average price is $391.24 and its 200 day moving average price is $424.50.

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.