15,000 Shares in SPDR Gold Shares $GLD Purchased by Kryger Capital LLC

Kryger Capital LLC purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) during the 1st quarter, HoldingsChannel reports. The firm purchased 15,000 shares of the exchange traded fund’s stock, valued at approximately $6,454,000. SPDR Gold Shares makes up 0.5% of Kryger Capital LLC’s investment portfolio, making the stock its 27th largest holding.

Other large investors also recently modified their holdings of the company. TCM Advisors LLC grew its position in SPDR Gold Shares by 0.9% in the 1st quarter. TCM Advisors LLC now owns 30,122 shares of the exchange traded fund’s stock worth $12,961,000 after purchasing an additional 276 shares during the last quarter. Boreal Capital Management LLC acquired a new position in shares of SPDR Gold Shares during the first quarter valued at about $194,000. Renaissance Technologies LLC raised its position in shares of SPDR Gold Shares by 23.8% during the first quarter. Renaissance Technologies LLC now owns 83,059 shares of the exchange traded fund’s stock valued at $35,739,000 after buying an additional 15,979 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of SPDR Gold Shares during the first quarter valued at about $46,816,000. Finally, Compound Planning Inc. lifted its stake in shares of SPDR Gold Shares by 0.7% in the first quarter. Compound Planning Inc. now owns 9,436 shares of the exchange traded fund’s stock valued at $4,060,000 after buying an additional 68 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about SPDR Gold Shares

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 Stock Up 0.1%

GLD stock opened at $371.90 on Friday. SPDR Gold Shares has a twelve month low of $300.95 and a twelve month high of $509.70. The company has a market cap of $131.06 billion, a PE ratio of -32.43 and a beta of 0.17. The business’s 50-day simple moving average is $388.19 and its 200 day simple moving average is $423.83.

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.