SPDR Gold Shares $GLD Shares Acquired by Three Bridge Wealth Advisors LLC

Three Bridge Wealth Advisors LLC grew its position in SPDR Gold Shares (NYSEARCA:GLD) by 5.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,698 shares of the exchange traded fund’s stock after purchasing an additional 1,927 shares during the period. SPDR Gold Shares makes up 3.3% of Three Bridge Wealth Advisors LLC’s holdings, making the stock its 9th largest position. Three Bridge Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $15,499,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. City Holding Co. boosted its holdings in SPDR Gold Shares by 41.6% in the second quarter. City Holding Co. now owns 22,914 shares of the exchange traded fund’s stock valued at $8,441,000 after purchasing an additional 6,733 shares during the last quarter. DDFG Inc grew its position in SPDR Gold Shares by 57.5% during the 2nd quarter. DDFG Inc now owns 48,753 shares of the exchange traded fund’s stock worth $17,959,000 after purchasing an additional 17,793 shares during the period. Arcus Capital Partners LLC grew its position in SPDR Gold Shares by 90.3% during the 1st quarter. Arcus Capital Partners LLC now owns 8,442 shares of the exchange traded fund’s stock worth $3,633,000 after purchasing an additional 4,005 shares during the period. Wellington Management Group LLP grew its position in SPDR Gold Shares by 20.8% during the 2nd quarter. Wellington Management Group LLP now owns 80,567 shares of the exchange traded fund’s stock worth $29,679,000 after purchasing an additional 13,877 shares during the period. Finally, Lotus Asset Management LLC purchased a new position in shares of SPDR Gold Shares during the 2nd quarter valued at about $638,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting SPDR Gold Shares

Here are a few of the latest headlines about GLD:

• Positive Sentiment: Some analysts still see scope for a recovery: Standard Chartered expects gold to reach $4,650 by year-end, while early-session bargain buying and short covering briefly supported prices. Gold prices find solid support at $4,000 as Standard Chartered sees rally to $4,650 by year-end
• Negative Sentiment: Hotter-than-expected U.S. inflation has raised expectations for further Fed tightening, pushing the dollar and real yields higher. Those factors make non-yielding gold less attractive; analysts warn that a sustained break below support could open the way toward $3,900. Gold falls below $4,000 as dollar surges, Fed hike bets rise
• Negative Sentiment: Investor flows have also been a headwind: SPDR Gold Shares reportedly saw about $1.8 billion in outflows in October, while Indian gold ETF inflows fell 22% that month. Forget the ETF Outflows: Gold Miners Offer 3X Leverage As Cash Flow Surges

SPDR Gold Shares Stock Performance

NYSEARCA GLD opened at $365.17 on Thursday. The firm has a market capitalization of $128.69 billion, a P/E ratio of -32.43 and a beta of 0.20. The stock has a 50-day simple moving average of $382.96 and a two-hundred day simple moving average of $410.33. SPDR Gold Shares has a fifty-two week low of $354.67 and a fifty-two week 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.