Natixis Advisors LLC Makes New Investment in SPDR Gold Shares $GLD

Natixis Advisors LLC acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,406 shares of the exchange traded fund’s stock, valued at approximately $4,124,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Prepared Retirement Institute LLC increased its position in SPDR Gold Shares by 1.6% during the fourth quarter. Prepared Retirement Institute LLC now owns 1,328 shares of the exchange traded fund’s stock worth $526,000 after acquiring an additional 21 shares during the period. True Vision MN LLC boosted its holdings in SPDR Gold Shares by 3.2% in the 4th quarter. True Vision MN LLC now owns 768 shares of the exchange traded fund’s stock valued at $304,000 after purchasing an additional 24 shares during the period. Burns J W & Co. Inc. NY grew its position in SPDR Gold Shares by 0.7% in the 4th quarter. Burns J W & Co. Inc. NY now owns 3,500 shares of the exchange traded fund’s stock worth $1,387,000 after purchasing an additional 25 shares during the last quarter. PFS Partners LLC grew its position in SPDR Gold Shares by 2.4% in the 4th quarter. PFS Partners LLC now owns 1,078 shares of the exchange traded fund’s stock worth $427,000 after purchasing an additional 25 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. increased its holdings in shares of SPDR Gold Shares by 28.7% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 112 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of GLD opened at $397.27 on Tuesday. The company has a 50-day simple moving average of $424.67 and a 200-day simple moving average of $427.78. SPDR Gold Shares has a 52 week low of $299.89 and a 52 week high of $509.70. The firm has a market capitalization of $144.49 billion, a P/E ratio of -32.43 and a beta of 0.14.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: China increased its gold reserves by 9.95 tonnes in May, marking its 19th straight month of purchases and reinforcing long-term demand for bullion. China increases gold reserves by 9.95 tonnes in May for 19th straight month of purchases
• Positive Sentiment: Some traders are buying the dip as gold attempts to rebound after the selloff, suggesting short-term support may be forming. Gold Attempts To Rebound After Sell-Off
• Neutral Sentiment: Gold held near $4,330 as safe-haven demand from Middle East tensions was offset by firmer rate expectations and a stronger dollar. Gold holds near $4,330 as oil pares Iran-Israel risk premium – Kitco PM Report
• Neutral Sentiment: ETF investors poured billions into stock funds overall, even as GLD saw a significant outflow, showing mixed appetite across the market. ETF Investors Shrug Off Friday’s Selloff, Pour In $41 Billion
• Negative Sentiment: Gold hit a fresh five-month low and gave up year-to-date gains as rising oil prices fueled inflation worries and kept pressure on bullion. Update: Gold Gives Up All Its Gains This Year as Rising Oil Prices Heighten Inflation Worries
• Negative Sentiment: GLD recorded $702 million in outflows, indicating investors have been reducing exposure to the gold ETF. Daily ETF Flows: GLD Loses $702M

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.