Associated Banc Corp Acquires 5,388 Shares of SPDR Gold Shares $GLD

Associated Banc Corp lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 19.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 32,661 shares of the exchange traded fund’s stock after acquiring an additional 5,388 shares during the period. Associated Banc Corp’s holdings in SPDR Gold Shares were worth $12,944,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Bank of Montreal Can acquired a new position in shares of SPDR Gold Shares in the 3rd quarter valued at $556,282,000. Corient Private Wealth LLC lifted its stake in shares of SPDR Gold Shares by 108.1% in the 2nd quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock valued at $327,500,000 after purchasing an additional 559,507 shares during the period. Axxcess Wealth Management LLC lifted its stake in shares of SPDR Gold Shares by 1,158.4% in the 4th quarter. Axxcess Wealth Management LLC now owns 504,462 shares of the exchange traded fund’s stock valued at $199,923,000 after purchasing an additional 464,376 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of SPDR Gold Shares by 103.7% in the 4th quarter. Teacher Retirement System of Texas now owns 568,900 shares of the exchange traded fund’s stock valued at $225,461,000 after purchasing an additional 289,550 shares during the period. Finally, Children s Medical Center Corp acquired a new position in shares of SPDR Gold Shares in the 4th quarter valued at $88,734,000. 42.19% of the stock is currently owned by institutional investors.

Key SPDR Gold Shares News

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

• Negative Sentiment: Gold prices weakened as a stronger dollar and higher Treasury yields reduced demand for the non-yielding metal. Gold weakens as U.S.-Iran talks keep oil, rates in focus – Kitco PM Report
• Negative Sentiment: Several reports said traders are worried the Fed could stay hawkish or even raise rates further, which has kept precious metals under pressure. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Worry About Hawkish Fed
• Neutral Sentiment: Gold remains in a tight trading range, with volatility compressing and the market looking for a breakout catalyst. Gold (XAU/USD) Price Forecast: Compression Signals Major Breakout Potential
• Neutral Sentiment: Weak U.S. consumer sentiment and rising inflation expectations could support gold over time, but that effect was offset by stronger dollar and rate pressures today. Spot gold hits session low near $4,500/oz after final Consumer Sentiment drops to 44.8…

SPDR Gold Shares Stock Down 0.8%

GLD stock opened at $413.82 on Friday. The business’s fifty day moving average is $429.77 and its 200-day moving average is $424.64. The company has a market cap of $150.51 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a twelve month low of $299.89 and a twelve month 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.