2,706 Shares in SPDR Gold Shares $GLD Acquired by Oath Planning LLC

Oath Planning LLC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,706 shares of the exchange traded fund’s stock, valued at approximately $1,072,000. SPDR Gold Shares makes up approximately 1.1% of Oath Planning LLC’s investment portfolio, making the stock its 20th biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Great Valley Advisor Group Inc. increased its position in SPDR Gold Shares by 6.6% during the 4th quarter. Great Valley Advisor Group Inc. now owns 33,949 shares of the exchange traded fund’s stock worth $13,454,000 after purchasing an additional 2,092 shares in the last quarter. Kovack Advisors Inc. grew its position in SPDR Gold Shares by 140.7% in the fourth quarter. Kovack Advisors Inc. now owns 28,073 shares of the exchange traded fund’s stock valued at $11,126,000 after acquiring an additional 16,411 shares in the last quarter. Sepio Capital LP grew its position in SPDR Gold Shares by 8.6% in the fourth quarter. Sepio Capital LP now owns 19,417 shares of the exchange traded fund’s stock valued at $7,695,000 after acquiring an additional 1,544 shares in the last quarter. Manchester Financial Inc. grew its position in SPDR Gold Shares by 8.4% in the fourth quarter. Manchester Financial Inc. now owns 2,015 shares of the exchange traded fund’s stock valued at $799,000 after acquiring an additional 157 shares in the last quarter. Finally, Absolute Capital Management LLC acquired a new stake in SPDR Gold Shares in the fourth quarter valued at approximately $208,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 3.1%

Shares of NYSEARCA:GLD opened at $386.32 on Friday. SPDR Gold Shares has a 52-week low of $299.89 and a 52-week high of $509.70. The company has a 50 day moving average of $422.52 and a two-hundred day moving average of $427.97. The company has a market capitalization of $140.50 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14.

SPDR Gold Shares News Summary

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

• Positive Sentiment: Gold found buyers after testing major support, with some analysts saying the market may be forming a bottom near the $4,000 area. Gold (XAU/USD) Price Forecast: Undercut Setup Signals Potential Bottom
• Positive Sentiment: Some strategists argued the longer-term gold bull market is still intact despite the recent drop below key price levels, which could encourage dip buying in GLD. Don’t fear a drop below $4,000, gold’s bull market isnt broken – Thorsten Polleit
• Neutral Sentiment: Gold and GLD remain under pressure from higher-for-longer interest rate expectations, a stronger dollar, and elevated bond yields, which have driven the metal to recent six- and seven-month lows. Gold slumps to 6-month low even as inflation fears rise. Here’s why bullion is out of favor
• Neutral Sentiment: Mixed macro signals are keeping the ETF volatile: hotter-than-expected PPI and CPI readings are bearish for gold, while safe-haven demand from geopolitical tensions and talk of a potential bottom are offering some support. Update: Gold Rises on a Restart of Iranian Talks; U.S. Wholesale Inflation Rose More Than Expected in May
• Negative Sentiment: Several market reports warned that the recent decline may not be over, with GLD breaking key technical support and some traders betting the pain could last longer if rates stay elevated. As gold’s tumble continues, traders bet the pain may last for two more years

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.