SPDR Gold Shares $GLD Stake Lowered by Bank of New Hampshire

Bank of New Hampshire cut its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 10.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 36,505 shares of the exchange traded fund’s stock after selling 4,336 shares during the period. SPDR Gold Shares comprises about 3.0% of Bank of New Hampshire’s holdings, making the stock its 4th largest position. Bank of New Hampshire’s holdings in SPDR Gold Shares were worth $13,903,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. RVW Wealth LLC increased its stake in SPDR Gold Shares by 10.4% during the 3rd quarter. RVW Wealth LLC now owns 970 shares of the exchange traded fund’s stock valued at $369,000 after purchasing an additional 91 shares in the last quarter. Boyum Wealth Architects LLC raised its holdings in SPDR Gold Shares by 9.0% in the third quarter. Boyum Wealth Architects LLC now owns 825 shares of the exchange traded fund’s stock worth $314,000 after buying an additional 68 shares during the last quarter. Iowa State Bank purchased a new position in SPDR Gold Shares in the third quarter worth about $200,000. Pacific Wealth Management bought a new position in shares of SPDR Gold Shares in the third quarter worth approximately $1,269,000. Finally, Ferguson Wellman Capital Management Inc. lifted its stake in shares of SPDR Gold Shares by 8.3% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 3,677 shares of the exchange traded fund’s stock worth $1,400,000 after buying an additional 282 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Gold rebounded after testing Fibonacci support near $4,103–$4,104, suggesting a possible short-term recovery. Lower Treasury yields and a weaker dollar also helped precious metals extend their post-payroll rebound, supporting GLD. Gold Price Forecast: $4,104 Support Puts Bears on Notice
• Positive Sentiment: Central banks added 39 net tonnes of gold in August, led by China, Uzbekistan and Poland. Continued official-sector purchases provide an important longer-term demand base for gold and GLD. Central Banks Add 39 Net Tonnes of Gold
• Positive Sentiment: Market experts said geopolitical uncertainty, sovereign-debt concerns and reduced confidence in traditional reserve assets are encouraging central banks to treat gold as a strategic reserve asset. This supports the long-term investment case for GLD. Central Banks Find New Reasons to Increase Gold Reserves
• Neutral Sentiment: Record Russian bullion flows through Hong Kong into China and the launch of new futures contracts for London’s physical gold market could improve market liquidity and access, though the direct near-term effect on GLD is uncertain. Hong Kong Becomes Russia’s Gold Gateway to China
• Negative Sentiment: Gold’s broader trend remains under pressure because long-term Treasury yields remain near multi-decade highs. Attractive income from bonds increases the opportunity cost of holding non-yielding gold, while renewed rate-hike expectations could weigh on GLD. Yields Still Control as Gold Bounces

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD traded up $2.72 during trading on Tuesday, reaching $382.27. 7,504,286 shares of the stock traded hands, compared to its average volume of 11,739,785. The stock has a 50-day moving average of $397.09 and a two-hundred day moving average of $402.83. SPDR Gold Shares has a 52-week low of $360.12 and a 52-week high of $509.70. The stock has a market cap of $141.48 billion, a P/E ratio of -32.43 and a beta of 0.18.

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.