Integrated Investment Consultants LLC Has $762,000 Holdings in SPDR Gold Shares $GLD

Integrated Investment Consultants LLC cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 82.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,924 shares of the exchange traded fund’s stock after selling 8,966 shares during the period. Integrated Investment Consultants LLC’s holdings in SPDR Gold Shares were worth $762,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Aegis Wealth Management Inc. acquired a new position in shares of SPDR Gold Shares in the fourth quarter valued at about $231,000. Mission Wealth Management LP grew its stake in shares of SPDR Gold Shares by 45.5% in the fourth quarter. Mission Wealth Management LP now owns 12,422 shares of the exchange traded fund’s stock valued at $4,923,000 after acquiring an additional 3,886 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in shares of SPDR Gold Shares by 0.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 37,306 shares of the exchange traded fund’s stock valued at $14,785,000 after acquiring an additional 100 shares in the last quarter. Dougherty & Associates LLC acquired a new position in shares of SPDR Gold Shares in the fourth quarter valued at about $266,000. Finally, High Note Wealth LLC grew its stake in shares of SPDR Gold Shares by 3.6% in the fourth quarter. High Note Wealth LLC now owns 6,232 shares of the exchange traded fund’s stock valued at $2,470,000 after acquiring an additional 217 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $417.29 on Monday. The company has a market capitalization of $151.77 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 12-month low of $291.78 and a 12-month high of $509.70. The firm’s 50-day moving average price is $435.54 and its two-hundred day moving average price is $423.31.

Key Stories Impacting SPDR Gold Shares

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

• Negative Sentiment: Gold fell further late Friday as the dollar and Treasury yields strengthened, with traders focused on whether the metal can hold the key $4,500 support zone. Silver dives below $76, gold tests $4,500 support as Iran risk drives oil, rate fears – Kitco PM Report
• Negative Sentiment: Technical commentary pointed to a bearish breakdown in gold, raising the risk of a deeper pullback toward major support levels. Gold (XAU/USD) Price Forecast: Bearish Breakdown Targets Major Support
• Negative Sentiment: Market reports said gold broke below $4,600 as rising yields and dollar strength outweighed traditional safe-haven demand. Gold breaks below $4,600 as dollar, yields overpower haven demand – Kitco AM Report
• Negative Sentiment: Additional commentary highlighted that hotter inflation data and a rally in the dollar have weakened bullish momentum in gold. Update: Gold Falls as the USD and Treasury Yields Surge on Inflation Worries
• Neutral Sentiment: Some analysts still noted strong long-term demand from central banks and continued interest in gold ETFs, which could help limit downside over time. Central Banks Are Snapping Up Gold, ETF Investors Are Just Waking Up: The Best Gold ETFs to Own Before It Hits $5,000

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.