SPDR Gold Shares $GLD Shares Sold by Estate Counselors LLC

Estate Counselors LLC lowered its position in SPDR Gold Shares (NYSEARCA:GLD) by 15.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,942 shares of the exchange traded fund’s stock after selling 3,173 shares during the quarter. SPDR Gold Shares accounts for 0.6% of Estate Counselors LLC’s investment portfolio, making the stock its 16th biggest position. Estate Counselors LLC’s holdings in SPDR Gold Shares were worth $7,290,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in GLD. WPG Advisers LLC purchased a new position in shares of SPDR Gold Shares in the 4th quarter worth about $25,000. Timmons Wealth Management LLC purchased a new stake in shares of SPDR Gold Shares during the 4th quarter worth about $26,000. Chapman Financial Group LLC purchased a new stake in shares of SPDR Gold Shares during the 2nd quarter worth about $26,000. Eukles Asset Management acquired a new stake in SPDR Gold Shares during the 4th quarter worth approximately $27,000. Finally, Private Wealth Management Group LLC acquired a new stake in SPDR Gold Shares during the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Lower crude-oil prices following a pause in U.S.-Iran hostilities reduced near-term inflation pressure, while softer Treasury yields and a weaker U.S. dollar supported gold and GLD. Gold continues to hold $4,000 as U.S.-Iran pause pressures crude oil
• Positive Sentiment: Longer-term demand remains constructive: State Street said gold’s next major $1,000 move could be higher if Federal Reserve hawkishness has peaked, while central-bank purchases and ETF inflows continue to provide support. Gold’s next $1,000 move is likely higher as Fed hawkishness peaks
• Positive Sentiment: Asian demand, particularly from China, is viewed as an important source of support; BMO Capital Markets believes China’s gold holdings could surpass U.S. holdings within five years. China’s gold stockpile could surpass U.S. holdings
• Neutral Sentiment: Investors are awaiting the Federal Reserve decision and upcoming inflation data. Gold may consolidate around $4,000 until policymakers provide clearer guidance on interest rates. Gold and Silver Price Forecast: Fed Decision Could Trigger Next Breakout
• Negative Sentiment: Persistent expectations for restrictive Fed policy, coupled with weak Western demand, have limited gold’s upside. Gains also faded below $4,100, showing that a consistent safe-haven bid has not yet emerged. Gold remains stuck below $4,100

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $374.63 on Tuesday. SPDR Gold Shares has a one year low of $300.95 and a one year high of $509.70. The company’s 50 day moving average price is $387.31 and its 200 day moving average price is $423.66. The firm has a market capitalization of $132.28 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17.

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.