96,032 SPDR Gold Shares $GLD Shares Sold by John Boyer Inc.

John Boyer Inc. trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 99.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 652 shares of the exchange traded fund’s stock after selling 96,032 shares during the period. John Boyer Inc.’s holdings in SPDR Gold Shares were worth $248,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in GLD. First Eagle Investment Management LLC grew its stake in shares of SPDR Gold Shares by 1.5% in the 2nd quarter. First Eagle Investment Management LLC now owns 2,491,623 shares of the exchange traded fund’s stock worth $917,864,000 after buying an additional 35,882 shares during the last quarter. Envestnet Asset Management Inc. increased its position in SPDR Gold Shares by 0.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,169,683 shares of the exchange traded fund’s stock valued at $430,888,000 after buying an additional 5,793 shares in the last quarter. PPSC Investment Service Corp increased its position in SPDR Gold Shares by 10.0% during the 1st quarter. PPSC Investment Service Corp now owns 781,981 shares of the exchange traded fund’s stock valued at $336,479,000 after buying an additional 70,775 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in SPDR Gold Shares by 1.8% during the first quarter. PNC Financial Services Group Inc. now owns 707,998 shares of the exchange traded fund’s stock valued at $304,644,000 after buying an additional 12,415 shares during the last quarter. Finally, Bank of Korea purchased a new position in SPDR Gold Shares during the second quarter valued at $250,411,831. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares News Summary

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

• Positive Sentiment: Gold rebounded as declining oil prices reduced inflation fears and encouraged renewed buying in precious metals ahead of the Fed meeting. A dovish Fed signal could provide additional support for GLD. Gold climbs above $4,050 as Wall Street rallies ahead of Fed decision
• Positive Sentiment: Weak U.S. new-home sales are reinforcing safe-haven demand and raising concerns about economic growth, which may benefit gold and GLD. Gold prices holding above $4,000 as U.S. new home sales fall
• Positive Sentiment: State Street said gold could recover substantially, potentially reaching $5,500 by early next year, while recent declines have pushed the market toward oversold conditions. Downside risks are building in gold, but prices still have a path to $5,000
• Neutral Sentiment: Gold briefly benefited from stronger consumer confidence, which lifted prices toward the session high, but the data could also support higher interest rates and limit future gains. Gold price shoots to session high after Consumer Confidence rises
• Negative Sentiment: Analysts warn that gold must establish a floor near $4,000 or risk a deeper correction after its two-month decline. Persistent inflation and expectations for another Fed rate increase are weighing on the metal. Gold price needs to build a floor here or face a deeper correction
• Negative Sentiment: Short interest in GLD rose 71.8% during October to 15.4 million shares, signaling increased bearish positioning, although the 2.1-day days-to-cover ratio leaves some potential for short-covering if gold continues higher.

SPDR Gold Shares Trading Up 1.2%

SPDR Gold Shares stock opened at $372.28 on Wednesday. The business’s fifty day simple moving average is $393.17 and its two-hundred day simple moving average is $413.72. SPDR Gold Shares has a 12 month low of $360.12 and a 12 month high of $509.70. The company has a market capitalization of $138.08 billion, a price-to-earnings 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.