Empirical Finance LLC Sells 2,500 Shares of SPDR Gold Shares $GLD

Empirical Finance LLC cut its position in SPDR Gold Shares (NYSEARCA:GLD) by 33.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,945 shares of the exchange traded fund’s stock after selling 2,500 shares during the quarter. Empirical Finance LLC’s holdings in SPDR Gold Shares were worth $2,128,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. WPG Advisers LLC acquired a new stake in SPDR Gold Shares in the fourth quarter valued at $25,000. Timmons Wealth Management LLC bought a new position in shares of SPDR Gold Shares in the 4th quarter valued at about $26,000. Eukles Asset Management acquired a new position in shares of SPDR Gold Shares during the 4th quarter worth about $27,000. Private Wealth Management Group LLC bought a new stake in shares of SPDR Gold Shares in the 1st quarter valued at about $30,000. Finally, USA Financial Formulas bought a new stake in shares of SPDR Gold Shares in the 4th quarter valued at about $31,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $371.90 on Friday. SPDR Gold Shares has a 52-week low of $300.95 and a 52-week high of $509.70. The company has a market capitalization of $131.06 billion, a P/E ratio of -32.43 and a beta of 0.17. The company has a 50-day simple moving average of $388.19 and a 200 day simple moving average of $423.83.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Gold is holding above the important $4,000 level, suggesting buyers are still stepping in on dips and that the market may be forming a base. Gold continues to hold $4,000, which could signal inflection point, analysts say
• Positive Sentiment: China’s June gold imports hit a two-year high, signaling strong physical demand from the world’s largest bullion market. China’s June gold imports hit fresh two-year high of 173 tonnes as lower prices boost demand
• Positive Sentiment: Lower Treasury yields and a pullback in oil prices have helped gold rebound intraday, reinforcing its role as a defensive asset. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Oil Prices Pull Back
• Positive Sentiment: ETF flow data show investors rotating toward commodities and other defensive exposures, which can support demand for gold-backed funds like GLD. The Defensive Shift: This Week’s Top 10 ETF Inflows

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.