Public Employees Retirement System of Ohio Takes Position in SPDR Gold Shares $GLD

Public Employees Retirement System of Ohio bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 108,800 shares of the exchange traded fund’s stock, valued at approximately $46,816,000.

A number of other hedge funds also recently modified their holdings of GLD. WPG Advisers LLC acquired a new stake in SPDR Gold Shares during the fourth quarter worth about $25,000. Timmons Wealth Management LLC acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at approximately $26,000. Chapman Financial Group LLC bought a new stake in shares of SPDR Gold Shares during the 2nd quarter worth approximately $26,000. Eukles Asset Management bought a new stake in shares of SPDR Gold Shares during the 4th quarter worth approximately $27,000. Finally, Private Wealth Management Group LLC bought a new stake in shares of SPDR Gold Shares during the 1st quarter worth approximately $30,000. Institutional investors own 42.19% of the company’s stock.

Key SPDR Gold Shares News

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

SPDR Gold Shares Trading Up 0.1%

NYSEARCA GLD opened at $371.90 on Friday. The firm has a market capitalization of $131.06 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. The firm’s 50 day simple moving average is $388.19 and its 200 day simple moving average is $423.83. SPDR Gold Shares has a 1 year low of $300.95 and a 1 year high of $509.70.

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.