SPDR Gold Shares $GLD Position Increased by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 50.9% during the third quarter, HoldingsChannel.com reports. The firm owned 4,949 shares of the exchange traded fund’s stock after buying an additional 1,669 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in SPDR Gold Shares were worth $1,903,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in GLD. Fermata Advisors LLC raised its stake in SPDR Gold Shares by 0.8% during the third quarter. Fermata Advisors LLC now owns 10,117 shares of the exchange traded fund’s stock worth $3,853,000 after purchasing an additional 79 shares during the period. NorthCrest Asset Manangement LLC increased its position in shares of SPDR Gold Shares by 5.1% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 4,012 shares of the exchange traded fund’s stock worth $1,519,000 after purchasing an additional 194 shares during the last quarter. Baldwin Wealth Partners LLC MA lifted its position in SPDR Gold Shares by 1.5% in the third quarter. Baldwin Wealth Partners LLC MA now owns 85,935 shares of the exchange traded fund’s stock valued at $32,727,000 after buying an additional 1,283 shares during the last quarter. Consolidated Capital Management LLC boosted its stake in SPDR Gold Shares by 1.7% during the third quarter. Consolidated Capital Management LLC now owns 31,391 shares of the exchange traded fund’s stock worth $11,955,000 after buying an additional 521 shares during the period. Finally, Roan Capital Partners lifted its holdings in shares of SPDR Gold Shares by 23.2% in the 3rd quarter. Roan Capital Partners now owns 6,253 shares of the exchange traded fund’s stock worth $2,381,000 after acquiring an additional 1,179 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of GLD stock traded down $1.54 on Tuesday, hitting $380.61. The stock had a trading volume of 3,131,298 shares, compared to its average volume of 11,604,342. The firm has a market capitalization of $140.52 billion, a P/E ratio of -32.43 and a beta of 0.18. The company’s 50 day moving average price is $397.94 and its 200-day moving average price is $401.50. SPDR Gold Shares has a 1 year low of $360.12 and a 1 year high of $509.70.

Trending Headlines about SPDR Gold Shares

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

• Positive Sentiment: Gold was supported by a softer U.S. dollar, retreating Treasury yields and lower oil prices ahead of the U.S. consumer-price report. Lower yields reduce the opportunity cost of holding non-yielding gold, which could support GLD. Gold firms as dollar, yields and oil retreat before CPI
• Positive Sentiment: Gold-backed ETF demand remained resilient, with investors directing approximately $31 billion into gold funds during the third quarter despite elevated bond yields. Continued fund flows provide an important support for GLD. Gold ETF demand defies rising bond yields
• Positive Sentiment: Strong Chinese institutional and retail buying, alongside central-bank diversification and weakness in Chinese property and equity markets, is helping establish a floor under bullion prices. Why China is importing a record amount of gold
• Neutral Sentiment: Gold has held above recent technical support while traders await U.S. CPI data and bank earnings. A softer-than-expected inflation reading could boost expectations for easier Federal Reserve policy, while a hot report could pressure GLD. Gold and silver price forecast
• Negative Sentiment: Higher global yields, persistent inflation and expectations for additional Federal Reserve tightening continue to make interest-bearing assets more attractive than gold. Gold price forecast: Gold continues to move on rates
• Negative Sentiment: Kazakhstan plans to sell part of its exceptionally large gold holdings and shift toward dollar assets because Treasury yields are attractive. The move could add official-sector supply and signals reduced central-bank buying momentum. Kazakhstan plans gold sales
• Negative Sentiment: Improving U.S. existing-home sales reduced safe-haven demand, while a strong dollar and elevated yields continue to limit upside for bullion. Gold price holding steady as U.S. existing-home sales rise

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.