Cumberland Partners Ltd Has $7.38 Million Stock Holdings in SPDR Gold Shares $GLD

Cumberland Partners Ltd cut its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 8.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,608 shares of the exchange traded fund’s stock after selling 1,639 shares during the quarter. Cumberland Partners Ltd’s holdings in SPDR Gold Shares were worth $7,375,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GLD. Bank of Montreal Can acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at $556,282,000. Corient Private Wealth LLC increased its stake in shares of SPDR Gold Shares by 108.1% in the second quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock valued at $327,500,000 after buying an additional 559,507 shares in the last quarter. Axxcess Wealth Management LLC increased its stake in shares of SPDR Gold Shares by 1,158.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 504,462 shares of the exchange traded fund’s stock valued at $199,923,000 after buying an additional 464,376 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of SPDR Gold Shares by 103.7% in the fourth quarter. Teacher Retirement System of Texas now owns 568,900 shares of the exchange traded fund’s stock valued at $225,461,000 after buying an additional 289,550 shares in the last quarter. Finally, Children s Medical Center Corp acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at $88,734,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting SPDR Gold Shares

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

• Negative Sentiment: Gold prices weakened as a stronger dollar and higher Treasury yields reduced demand for the non-yielding metal. Gold weakens as U.S.-Iran talks keep oil, rates in focus – Kitco PM Report
• Negative Sentiment: Several reports said traders are worried the Fed could stay hawkish or even raise rates further, which has kept precious metals under pressure. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Worry About Hawkish Fed
• Neutral Sentiment: Gold remains in a tight trading range, with volatility compressing and the market looking for a breakout catalyst. Gold (XAU/USD) Price Forecast: Compression Signals Major Breakout Potential
• Neutral Sentiment: Weak U.S. consumer sentiment and rising inflation expectations could support gold over time, but that effect was offset by stronger dollar and rate pressures today. Spot gold hits session low near $4,500/oz after final Consumer Sentiment drops to 44.8…

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $413.82 on Friday. SPDR Gold Shares has a twelve month low of $299.89 and a twelve month high of $509.70. The firm has a market cap of $150.51 billion, a PE ratio of -32.43 and a beta of 0.15. The business has a fifty day moving average of $429.77 and a 200-day moving average of $424.64.

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.