139,900 Shares in SPDR Gold Shares $GLD Bought by ADAPT Investment Managers SA

ADAPT Investment Managers SA purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 139,900 shares of the exchange traded fund’s stock, valued at approximately $55,444,000. SPDR Gold Shares comprises 0.4% of ADAPT Investment Managers SA’s holdings, making the stock its 3rd biggest holding.

Other hedge funds have also bought and sold shares of the company. WPG Advisers LLC bought a new stake in SPDR Gold Shares during the fourth quarter worth $25,000. Timmons Wealth Management LLC bought a new stake in SPDR Gold Shares during the fourth quarter worth $26,000. Chapman Financial Group LLC bought a new stake in SPDR Gold Shares during the second quarter worth $26,000. Vestwell Advisors LLC bought a new stake in SPDR Gold Shares during the third quarter worth $27,000. Finally, Eukles Asset Management bought a new stake in SPDR Gold Shares during the fourth quarter worth $27,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares News Summary

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

• Positive Sentiment: Gold prices jumped to multi-day highs after the U.S.-Iran ceasefire/truce reduced geopolitical risk and lowered inflation expectations, boosting GLD. Gold clears $4,300 as Hormuz deal cuts oil, yield pressure – Kitco PM Report
• Positive Sentiment: Several market reports said gold continued to climb as oil prices tumbled, U.S. yields fell, and the dollar weakened, all of which are supportive for gold prices and GLD. Update: Gold Sharply Higher As the U.S. and Iran Reach a Truce, Easing Inflation Worries
• Positive Sentiment: Analysts noted that gold held near session highs as weak U.S. manufacturing data and rising input prices reinforced expectations for easier Fed policy, which can further support bullion. Gold prices holding near session highs as Empire State Survey falls to 5.7 in June
• Neutral Sentiment: One report said the London Bullion Market Association may shift its auction timing to better serve Asian traders; this is more of a market-structure development than a direct catalyst for GLD. Gold Jumps as Benchmark Debate Builds
• Negative Sentiment: Some analysts warned that higher inflation could still keep rate-cut expectations in check, which may limit further upside for gold if Treasury yields rise again. Gold and silver rally after Iran-U.S. deal, but face headwinds from rate hike expectations – Heraeus

SPDR Gold Shares Price Performance

Shares of GLD opened at $396.55 on Tuesday. The firm has a market cap of $144.23 billion, a PE ratio of -32.43 and a beta of 0.14. The stock’s fifty day moving average price is $420.83 and its two-hundred day moving average price is $428.13. SPDR Gold Shares has a 1 year low of $299.89 and a 1 year high of $509.70.

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.