Sei Investments Co. Grows Stock Holdings in SPDR Gold Shares $GLD

Sei Investments Co. raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 70.7% during the first quarter, HoldingsChannel reports. The fund owned 10,503 shares of the exchange traded fund’s stock after purchasing an additional 4,350 shares during the quarter. Sei Investments Co.’s holdings in SPDR Gold Shares were worth $4,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in GLD. Brighton Jones LLC grew its position in shares of SPDR Gold Shares by 20.4% in the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after purchasing an additional 1,903 shares in the last quarter. Bison Wealth LLC lifted its holdings in SPDR Gold Shares by 77.8% during the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after purchasing an additional 2,600 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in SPDR Gold Shares in the 1st quarter worth about $16,014,000. Schnieders Capital Management LLC. boosted its stake in SPDR Gold Shares by 4.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock worth $1,829,000 after purchasing an additional 275 shares during the period. Finally, Prudential Financial Inc. purchased a new position in SPDR Gold Shares during the 2nd quarter valued at about $337,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

Key SPDR Gold Shares News

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

• Positive Sentiment: Gold rallied after ADP reported only 44,000 private-sector jobs were created in July, below expectations. Cooling employment data reduced expectations for additional Fed tightening, supporting non-yielding assets such as gold. Gold prices push above $4,200 as ADP says 44k jobs created in July
• Positive Sentiment: A weaker U.S. dollar and lower Treasury yields made gold more attractive internationally and reduced the opportunity cost of holding the metal. Progress toward a Strait of Hormuz or Iran-related agreement also eased oil-driven inflation and rate-hike concerns. Gold rises ahead of Hormuz deal and softer dollar
• Positive Sentiment: Technical traders viewed gold’s breakout from a prolonged trading range as a buy signal, while call-option activity in GLD was above average, indicating increased bullish positioning. Gold tests 200-day EMA as rectangle breakout emerges
• Positive Sentiment: Longer-term support remains strong: analysts cited elevated government debt and de-dollarization, while central-bank buying—including a new domestic gold-buying program from the Bank of Korea—continues to underpin demand. Gold’s rally has further to run
• Neutral Sentiment: Investors remain focused on Friday’s U.S. nonfarm-payrolls report, which could either reinforce easing-rate expectations or revive pressure on gold if labor data is strong. Gold and silver forecast ahead of NFP
• Negative Sentiment: Monetary-policy uncertainty and still-elevated longer-term yields remain potential headwinds. One analyst also expects no new record for gold this year, suggesting limited upside after the recent breakout. Gold breakout was a buy signal, but no new record this year

SPDR Gold Shares Stock Up 4.1%

GLD stock opened at $389.64 on Thursday. The stock has a 50-day simple moving average of $381.88 and a two-hundred day simple moving average of $421.52. SPDR Gold Shares has a twelve month low of $305.19 and a twelve month high of $509.70. The firm has a market capitalization of $137.58 billion, a PE ratio of -32.43 and a beta of 0.17.

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.