SPDR Gold Shares $GLD Stock: Guidance Capital Inc. Cuts Holdings

Guidance Capital Inc. decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 14.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,570 shares of the exchange traded fund’s stock after selling 2,263 shares during the quarter. SPDR Gold Shares comprises approximately 1.1% of Guidance Capital Inc.’s holdings, making the stock its 16th largest position. Guidance Capital Inc.’s holdings in SPDR Gold Shares were worth $4,908,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in GLD. SFE Investment Counsel boosted its position in shares of SPDR Gold Shares by 4.5% in the 1st quarter. SFE Investment Counsel now owns 585 shares of the exchange traded fund’s stock valued at $252,000 after purchasing an additional 25 shares during the period. Financial Management Professionals Inc. boosted its stake in shares of SPDR Gold Shares by 0.6% during the 2nd quarter. Financial Management Professionals Inc. now owns 4,414 shares of the exchange traded fund’s stock valued at $1,626,000 after buying an additional 27 shares during the period. Kraft Davis & Associates LLC boosted its stake in shares of SPDR Gold Shares by 0.6% during the 2nd quarter. Kraft Davis & Associates LLC now owns 4,595 shares of the exchange traded fund’s stock valued at $1,714,000 after buying an additional 27 shares during the period. Capital City Trust Co. FL grew its holdings in shares of SPDR Gold Shares by 1.8% during the 2nd quarter. Capital City Trust Co. FL now owns 1,516 shares of the exchange traded fund’s stock valued at $558,000 after acquiring an additional 27 shares in the last quarter. Finally, Peoples Bank KS grew its holdings in shares of SPDR Gold Shares by 2.0% during the 3rd quarter. Peoples Bank KS now owns 1,410 shares of the exchange traded fund’s stock valued at $537,000 after acquiring an additional 27 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA 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 twelve month low of $354.67 and a twelve month high of $509.70. The stock’s 50 day moving average is $384.96 and its 200-day moving average is $411.53. The stock has a market capitalization of $135.93 billion, a PE ratio of -32.43 and a beta of 0.20.

More SPDR Gold Shares News

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

About SPDR Gold Shares

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.