SPDR Gold Shares $GLD Shares Purchased by Money Concepts Capital Corp

Money Concepts Capital Corp boosted its stake in SPDR Gold Shares (NYSEARCA:GLD) by 53.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,855 shares of the exchange traded fund’s stock after buying an additional 2,724 shares during the period. Money Concepts Capital Corp’s holdings in SPDR Gold Shares were worth $3,113,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. WPG Advisers LLC acquired a new stake in SPDR Gold Shares in the fourth quarter worth $25,000. Hopwood Financial Services Inc. bought a new position in shares of SPDR Gold Shares in the third quarter worth $27,000. Vestwell Advisors LLC bought a new position in shares of SPDR Gold Shares in the third quarter worth $27,000. USA Financial Formulas bought a new position in shares of SPDR Gold Shares in the fourth quarter worth $31,000. Finally, Networth Advisors LLC bought a new position in shares of SPDR Gold Shares in the fourth quarter worth $34,000. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares News Summary

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

• Negative Sentiment: Gold prices slipped after the latest U.S. CPI reading lifted rate-cut uncertainty, sending yields and the dollar higher and pressuring precious metals. Gold slips, silver firms as CPI lifts yields and dollar – Kitco PM Report
• Negative Sentiment: Multiple market updates said gold traded lower as the stronger U.S. dollar and rising yields followed the inflation report, reinforcing near-term headwinds for GLD. Update: Gold Trading Lower as the Dollar and Yields Rise as U.S. Inflation Surged Last Month
• Neutral Sentiment: Technically, gold is sitting near a major resistance zone, so traders are watching for either a breakout that could support GLD or a pullback if buying momentum fades. Gold (XAU/USD) Price Forecast: Resistance Zone Tests Market Direction
• Neutral Sentiment: Some analysts still see long-term upside for gold, but they also warned that near-term macro headwinds from hawkish Fed expectations could keep GLD volatile. Gold will navigate near-term headwinds to reach $5,000/oz by year-end – ING’s Manthey

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $432.93 on Wednesday. SPDR Gold Shares has a 1 year low of $291.78 and a 1 year high of $509.70. The stock has a market cap of $157.46 billion, a price-to-earnings ratio of -32.43 and a beta of 0.15. The business has a fifty day moving average of $438.64 and a 200-day moving average of $422.25.

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.