SPDR Gold Shares $GLD is Westover Capital Advisors LLC’s 5th Largest Position

Westover Capital Advisors LLC lessened its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,323 shares of the exchange traded fund’s stock after selling 2,317 shares during the quarter. SPDR Gold Shares makes up approximately 3.5% of Westover Capital Advisors LLC’s holdings, making the stock its 5th largest holding. Westover Capital Advisors LLC’s holdings in SPDR Gold Shares were worth $19,151,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Clearstead Advisors LLC increased its position in SPDR Gold Shares by 1.4% during the 4th quarter. Clearstead Advisors LLC now owns 43,109 shares of the exchange traded fund’s stock worth $17,085,000 after purchasing an additional 606 shares in the last quarter. Narus Financial Partners LLC increased its position in SPDR Gold Shares by 0.5% during the 4th quarter. Narus Financial Partners LLC now owns 32,588 shares of the exchange traded fund’s stock worth $12,915,000 after purchasing an additional 147 shares in the last quarter. Glenview Trust Co increased its position in SPDR Gold Shares by 1.8% during the 4th quarter. Glenview Trust Co now owns 3,810 shares of the exchange traded fund’s stock worth $1,510,000 after purchasing an additional 68 shares in the last quarter. Redstone Wealth Management LLC purchased a new stake in SPDR Gold Shares during the 4th quarter worth about $217,000. Finally, Mathes Company Inc. increased its position in SPDR Gold Shares by 4.2% during the 4th quarter. Mathes Company Inc. now owns 1,495 shares of the exchange traded fund’s stock worth $592,000 after purchasing an additional 60 shares in the last quarter. 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:

• 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 Performance

SPDR Gold Shares stock opened at $413.82 on Monday. The stock has a market cap of $150.51 billion, a PE ratio of -32.43 and a beta of 0.15. The stock has a 50-day moving average price of $429.77 and a 200 day moving average price of $425.03. SPDR Gold Shares has a 52 week low of $299.89 and a 52 week 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.