SPDR Gold Shares $GLD Position Raised by Wick Capital Partners LLC

Wick Capital Partners LLC lifted its position in SPDR Gold Shares (NYSEARCA:GLD) by 6,660.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,413 shares of the exchange traded fund’s stock after acquiring an additional 104,839 shares during the period. SPDR Gold Shares accounts for approximately 3.1% of Wick Capital Partners LLC’s investment portfolio, making the stock its 10th biggest holding. Wick Capital Partners LLC’s holdings in SPDR Gold Shares were worth $42,173,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Calder Financial LLC acquired a new stake in shares of SPDR Gold Shares during the fourth quarter worth about $807,000. Crescent Grove Advisors LLC increased its holdings in 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 buying an additional 3,175 shares during the period. Empirical Asset Management LLC increased its holdings in SPDR Gold Shares by 256.7% in the 3rd quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock worth $12,941,000 after buying an additional 26,197 shares during the period. Colonial Trust Advisors increased its holdings in SPDR Gold Shares by 7.6% in the 3rd quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock worth $7,010,000 after buying an additional 1,385 shares during the period. Finally, Ervin Investment Management LLC purchased a new position in SPDR Gold Shares during the 4th quarter worth approximately $7,178,000. Hedge funds and other 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 Trading Down 0.4%

Shares of NYSEARCA GLD opened at $387.12 on Friday. SPDR Gold Shares has a 12 month low of $299.89 and a 12 month high of $509.70. The company has a 50 day simple moving average of $418.52 and a two-hundred day simple moving average of $428.27. The stock has a market cap of $140.80 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14.

SPDR Gold Shares Company 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.