SPDR Gold Shares $GLD Stock Position Raised by Greykasell Wealth Strategies Inc.

Greykasell Wealth Strategies Inc. boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 8.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,747 shares of the exchange traded fund’s stock after purchasing an additional 2,228 shares during the quarter. SPDR Gold Shares makes up approximately 4.3% of Greykasell Wealth Strategies Inc.’s holdings, making the stock its 3rd largest holding. Greykasell Wealth Strategies Inc.’s holdings in SPDR Gold Shares were worth $10,996,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of GLD. Brighton Jones LLC grew its position in shares of SPDR Gold Shares by 20.4% in the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after acquiring an additional 1,903 shares in the last quarter. Bison Wealth LLC grew its position in shares of SPDR Gold Shares by 77.8% in the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after acquiring an additional 2,600 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of SPDR Gold Shares in the 1st quarter worth approximately $16,014,000. Schnieders Capital Management LLC. grew its position in shares of SPDR Gold Shares by 4.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock worth $1,829,000 after acquiring an additional 275 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new position in shares of SPDR Gold Shares in the 2nd quarter worth approximately $337,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Down 3.7%

Shares of GLD opened at $396.24 on Friday. The firm has a market cap of $144.11 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14. The stock has a 50 day moving average of $424.74 and a 200-day moving average of $427.22. SPDR Gold Shares has a 52 week low of $299.89 and a 52 week high of $509.70.

More SPDR Gold Shares News

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

• Positive Sentiment: Some analysts still view the pullback as a buying opportunity, arguing that long-term inflation concerns and strategic demand for gold could support a rebound. Gold breaks below key technical support, but analysts see a buying opportunity
• Neutral Sentiment: There are still longer-term bullish arguments for gold, including deglobalization, central bank buying, and forecasts calling for higher average gold prices later this year. Deglobalization sparks race for strategic resources, driving gold and copper outlook – Sohn Montreal
• Negative Sentiment: Stronger U.S. employment data pushed yields and the dollar higher, fueling a broad selloff in gold and other precious metals. Gold Falls as the Dollar and Yields Rise After an Unexpected Surge in May U.S. Employment
• Negative Sentiment: Gold slipped below major support levels as traders bet the Federal Reserve may remain hawkish for longer, extending the technical downtrend. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Dives 3% As Traders Bet On Hawkish Fed
• Negative Sentiment: Multiple market updates pointed to additional selling pressure after nonfarm payrolls came in much stronger than expected, reinforcing higher-rate expectations. Gold price see solid selling pressure as U.S. economy created 172k jobs in May

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.