SPDR Gold Shares $GLD Stock Holdings Lifted by Your Advocates Ltd. LLP

Your Advocates Ltd. LLP lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 45,844 shares of the exchange traded fund’s stock after purchasing an additional 1,723 shares during the period. SPDR Gold Shares accounts for about 5.0% of Your Advocates Ltd. LLP’s portfolio, making the stock its 9th largest position. Your Advocates Ltd. LLP’s holdings in SPDR Gold Shares were worth $17,459,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tamar Securities LLC grew its stake in shares of SPDR Gold Shares by 5.7% during the third quarter. Tamar Securities LLC now owns 32,256 shares of the exchange traded fund’s stock worth $12,284,000 after purchasing an additional 1,731 shares during the period. Asset Dedication LLC lifted its stake in SPDR Gold Shares by 78.7% in the third quarter. Asset Dedication LLC now owns 3,309 shares of the exchange traded fund’s stock valued at $1,260,000 after buying an additional 1,457 shares during the period. United Advisor Group LLC lifted its stake in SPDR Gold Shares by 14.3% in the third quarter. United Advisor Group LLC now owns 1,658 shares of the exchange traded fund’s stock valued at $631,000 after buying an additional 208 shares during the period. Summit Investment Advisory Services LLC boosted its holdings in SPDR Gold Shares by 9.7% during the third quarter. Summit Investment Advisory Services LLC now owns 939 shares of the exchange traded fund’s stock worth $358,000 after buying an additional 83 shares during the last quarter. Finally, Plancorp LLC boosted its holdings in SPDR Gold Shares by 72.7% during the third quarter. Plancorp LLC now owns 2,216 shares of the exchange traded fund’s stock worth $788,000 after buying an additional 933 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Down 0.8%

Shares of GLD stock traded down $2.97 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. The stock has a market cap of $135.93 billion, a PE ratio of -32.43 and a beta of 0.20. The company has a 50-day moving average of $384.96 and a 200-day moving average of $411.53. SPDR Gold Shares has a 12 month low of $354.67 and a 12 month high of $509.70.

Key Headlines Impacting SPDR Gold Shares

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 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.