M Holdings Securities Inc. Purchases New Position in SPDR Gold Shares $GLD

M Holdings Securities Inc. acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 23,759 shares of the exchange traded fund’s stock, valued at approximately $9,416,000. SPDR Gold Shares makes up 0.7% of M Holdings Securities Inc.’s holdings, making the stock its 28th largest position.

A number of other hedge funds have also made changes to their positions in GLD. Bank of Montreal Can acquired a new position in shares of SPDR Gold Shares during the third quarter valued at approximately $556,282,000. Corient Private Wealth LLC raised its holdings in shares of SPDR Gold Shares by 108.1% during 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 acquiring an additional 559,507 shares during the last quarter. Axxcess Wealth Management LLC raised its holdings in shares of SPDR Gold Shares by 1,158.4% during 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 acquiring an additional 464,376 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of SPDR Gold Shares by 103.7% during 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 acquiring an additional 289,550 shares during the last quarter. Finally, Dynasty Wealth Management LLC acquired a new position in shares of SPDR Gold Shares during the fourth quarter valued at approximately $108,320,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

Trending Headlines about SPDR Gold Shares

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

• Negative Sentiment: Gold dropped sharply after the May CPI report kept inflation concerns alive, pushing yields higher and weakening demand for non-yielding assets like gold. Gold, silver fall as CPI keeps Fed pressure on – Kitco AM Report
• Negative Sentiment: Gold broke below major technical support, including the 200-day moving average, raising the risk of further downside in the near term. Gold (XAU/USD) Price Forecast: Bearish Breakdown Signals Trend Shift Risk
• Negative Sentiment: Traders are increasingly betting that the pain in gold could continue for an extended period as the ETF has slid well off its highs. As gold’s tumble continues, traders bet the pain may last for two more years
• Negative Sentiment: Several market reports say gold remains under pressure ahead of CPI and after the release, with a stronger dollar, rising oil prices, and persistent rate-hike expectations weighing on bullion. Gold and Silver Price Forecast: Metals Face Pressure Before CPI Data

SPDR Gold Shares Price Performance

Shares of SPDR Gold Shares stock opened at $374.58 on Thursday. The business has a 50 day simple moving average of $423.40 and a two-hundred day simple moving average of $427.89. SPDR Gold Shares has a 12 month low of $299.89 and a 12 month high of $509.70. The stock has a market capitalization of $136.23 billion, a P/E ratio of -32.43 and a beta of 0.14.

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.