67,412 Shares in SPDR Gold Shares $GLD Bought by Argos Wealth Advisors LLC

Argos Wealth Advisors LLC bought a new position in SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 67,412 shares of the exchange traded fund’s stock, valued at approximately $26,783,000. SPDR Gold Shares makes up 7.7% of Argos Wealth Advisors LLC’s investment portfolio, making the stock its 3rd largest holding.

Other large investors also recently modified their holdings of the company. Calder Financial LLC bought a new stake in SPDR Gold Shares during the fourth quarter worth approximately $807,000. Empirical Asset Management LLC raised its holdings in SPDR Gold Shares by 256.7% during the third quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock worth $12,941,000 after purchasing an additional 26,197 shares in the last quarter. Colonial Trust Advisors raised its holdings in SPDR Gold Shares by 7.6% during the third quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock worth $7,010,000 after purchasing an additional 1,385 shares in the last quarter. FAS Wealth Partners Inc. raised its holdings in SPDR Gold Shares by 71.1% during the third quarter. FAS Wealth Partners Inc. now owns 20,916 shares of the exchange traded fund’s stock worth $7,435,000 after purchasing an additional 8,691 shares in the last quarter. Finally, Ervin Investment Management LLC bought a new stake in SPDR Gold Shares during the fourth quarter worth approximately $7,178,000. 42.19% of the stock is currently owned by institutional investors.

Key Stories Impacting SPDR Gold Shares

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. The stock has a market capitalization of $157.46 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 1 year low of $291.78 and a 1 year high of $509.70. The business’s fifty day moving average is $438.64 and its two-hundred day moving average is $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.