SPDR Gold Shares $GLD Shares Sold by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp decreased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,517 shares of the exchange traded fund’s stock after selling 1,234 shares during the period. Peapack Gladstone Financial Corp’s holdings in SPDR Gold Shares were worth $13,679,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WPG Advisers LLC acquired a new position in SPDR Gold Shares during the fourth quarter worth approximately $25,000. Eukles Asset Management acquired a new position in SPDR Gold Shares during the fourth quarter worth approximately $27,000. Hopwood Financial Services Inc. acquired a new position in SPDR Gold Shares during the third quarter worth approximately $27,000. Vestwell Advisors LLC acquired a new position in SPDR Gold Shares during the third quarter worth approximately $27,000. Finally, USA Financial Formulas acquired a new position in SPDR Gold Shares during the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $411.26 on Tuesday. SPDR Gold Shares has a one year low of $299.89 and a one year high of $509.70. The company has a 50 day moving average price of $424.95 and a 200 day moving average price of $426.83. The firm has a market capitalization of $149.58 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15.

Key Headlines Impacting SPDR Gold Shares

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

• Negative Sentiment: Gold fell from a two-week high as the dollar strengthened and oil prices jumped amid fresh U.S.-Iran strikes, creating a headwind for the metal and for SPDR Gold Shares (GLD). Update: Gold Falls Off a Two-Week High as Oil Rises as the U.S. and Iran Trade Strikes
• Negative Sentiment: Spot gold was lower as crude oil climbed, Treasury yields firmed, and U.S.-Iran negotiations remained unresolved, reinforcing a risk-off but dollar-supportive backdrop that can pressure GLD. Gold falls as oil jumps on U.S.-Iran deadlock – Kitco PM Report
• Negative Sentiment: Better-than-expected U.S. manufacturing data pushed gold lower by supporting Treasury yields and reducing expectations for near-term Fed rate cuts. Spot gold trades near $4,460/oz after ISM Manufacturing PMI rises to 54
• Negative Sentiment: Several market commentary pieces also pointed to a stronger dollar, higher oil, and easing rate-cut bets as reasons gold retreated, which is weighing on GLD sentiment. Gold News: Rising Oil Prices Darken Gold Price Future Before Payrolls

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.