SPDR Gold Shares $GLD Stock Bought by Tamar Securities LLC

Tamar Securities LLC lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,256 shares of the exchange traded fund’s stock after acquiring an additional 1,731 shares during the period. Tamar Securities LLC’s holdings in SPDR Gold Shares were worth $12,284,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Livelsberger Financial Advisory purchased a new position in SPDR Gold Shares during the 3rd quarter worth $30,000. Parvin Asset Management LLC purchased a new stake in SPDR Gold Shares in the 1st quarter valued at approximately $31,000. NBH Bank purchased a new position in SPDR Gold Shares during the second quarter worth $41,000. Trust Co. of Vermont acquired a new stake in shares of SPDR Gold Shares during the second quarter valued at $43,000. Finally, IMG Wealth Management Inc. grew its holdings in shares of SPDR Gold Shares by 440.9% during the third quarter. IMG Wealth Management Inc. now owns 119 shares of the exchange traded fund’s stock worth $45,000 after buying an additional 97 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: One analyst says proposed Democratic spending could weaken the U.S. dollar and provide a longer-term floor for gold. Midterm-related buying had also helped gold return above $4,000 an ounce. Article: Dems’ spending plans could weaken the dollar and support gold
• Neutral Sentiment: Election results may have reduced some uncertainty, but traders still see the Federal Reserve and the President as key influences on the dollar and gold. Markets are awaiting the Fed’s December decision. Article: Gold and the dollar remain dependent on Trump and the Fed
• Negative Sentiment: October payrolls rose by 165,000, stronger than expected, lifting the dollar and real yields and increasing expectations of a possible December Fed rate hike. That pressured gold and threatens its $4,000-an-ounce support; a sustained break could deepen bullion’s pullback, weighing on GLD. Article: Gold faces risk to $4,000 support after strong payrolls

SPDR Gold Shares Trading Down 0.8%

Shares of GLD traded down $2.97 during mid-day trading on Friday, reaching $372.52. The company had a trading volume of 7,393,978 shares, compared to its average volume of 11,419,466. SPDR Gold Shares has a fifty-two week low of $354.67 and a fifty-two week high of $509.70. The firm has a fifty day simple moving average of $384.96 and a 200-day simple moving average of $411.53. The stock has a market cap of $135.93 billion, a price-to-earnings ratio of -32.43 and a beta of 0.20.

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.