Centaurus Financial Inc. Sells 10,708 Shares of SPDR Gold Shares $GLD

Centaurus Financial Inc. lessened its stake in SPDR Gold Shares (NYSEARCA:GLD) by 25.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,329 shares of the exchange traded fund’s stock after selling 10,708 shares during the quarter. SPDR Gold Shares accounts for about 0.6% of Centaurus Financial Inc.’s investment portfolio, making the stock its 29th biggest holding. Centaurus Financial Inc.’s holdings in SPDR Gold Shares were worth $13,481,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Prepared Retirement Institute LLC boosted its stake in SPDR Gold Shares by 1.6% in the 4th quarter. Prepared Retirement Institute LLC now owns 1,328 shares of the exchange traded fund’s stock worth $526,000 after purchasing an additional 21 shares during the period. Hughes Financial Services LLC raised its stake in shares of SPDR Gold Shares by 3.4% in the 4th quarter. Hughes Financial Services LLC now owns 667 shares of the exchange traded fund’s stock valued at $264,000 after purchasing an additional 22 shares during the period. PFS Partners LLC raised its stake in shares of 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 valued at $427,000 after purchasing an additional 25 shares during the period. Steigerwald Gordon & Koch Inc. raised its stake in shares of SPDR Gold Shares by 28.7% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 112 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 25 shares during the period. Finally, Leisure Capital Management lifted its holdings in shares of SPDR Gold Shares by 1.9% in the fourth quarter. Leisure Capital Management now owns 1,371 shares of the exchange traded fund’s stock valued at $543,000 after purchasing an additional 25 shares in the last quarter. Institutional investors 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:

• Positive Sentiment: The Fed’s decision to hold rates steady sparked a relief rally in gold. A less aggressive policy outlook could support non-yielding assets such as gold and GLD, although Fed Chair Kevin Warsh’s guidance remains important. Gold price jumps as Federal Reserve leaves interest rates unchanged
• Positive Sentiment: Retail investors are returning to precious metals after the months-long selloff. The Royal Mint reported recovering bullion demand, particularly for digital silver, signaling that some investors are buying the dip. Retail investors buy the dip as Royal Mint reports solid demand
• Positive Sentiment: Gold is holding above the psychologically important $4,000-per-ounce level and has defended key technical support. A move above nearby resistance could confirm a bullish reversal and provide an additional catalyst for GLD. Gold price forecast: Breakout retest sets stage for next advance
• Positive Sentiment: Ongoing central-bank buying and ETF inflows continue to provide underlying support for gold despite recent weakness. ETF inflows support gold ahead of Fed week

SPDR Gold Shares Price Performance

GLD stock opened at $371.08 on Thursday. The stock has a market capitalization of $131.21 billion, a P/E ratio of -32.43 and a beta of 0.17. The business has a 50-day moving average of $385.54 and a 200-day moving average of $423.10. SPDR Gold Shares has a fifty-two week low of $300.95 and a fifty-two week high of $509.70.

SPDR Gold Shares 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.