SPDR Gold Shares $GLD Shares Purchased by Independent Advisor Alliance

Independent Advisor Alliance increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 48.8% in the 4th quarter, HoldingsChannel reports. The firm owned 202,872 shares of the exchange traded fund’s stock after buying an additional 66,514 shares during the quarter. SPDR Gold Shares makes up 2.0% of Independent Advisor Alliance’s portfolio, making the stock its 8th largest position. Independent Advisor Alliance’s holdings in SPDR Gold Shares were worth $80,400,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC purchased a new stake in SPDR Gold Shares in the 4th quarter worth approximately $25,000. Chapman Financial Group LLC purchased a new stake in SPDR Gold Shares in the 2nd quarter worth approximately $26,000. Hopwood Financial Services Inc. purchased a new stake in SPDR Gold Shares in the 3rd quarter worth approximately $27,000. Vestwell Advisors LLC purchased a new stake in SPDR Gold Shares in the 3rd quarter worth approximately $27,000. Finally, USA Financial Formulas purchased a new stake in SPDR Gold Shares in the 4th quarter worth approximately $31,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Performance

GLD stock 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 one year low of $291.78 and a one year high of $509.70. The company has a 50 day moving average price of $438.64 and a two-hundred day moving average price of $422.25.

Key Headlines 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 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.