SPDR Gold Shares $GLD Stock Holdings Increased by J.Safra Asset Management Corp

J.Safra Asset Management Corp raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 53.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 76,067 shares of the exchange traded fund’s stock after purchasing an additional 26,341 shares during the quarter. SPDR Gold Shares comprises about 1.6% of J.Safra Asset Management Corp’s investment portfolio, making the stock its 17th largest position. J.Safra Asset Management Corp’s holdings in SPDR Gold Shares were worth $30,146,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of GLD. First Eagle Investment Management LLC increased its holdings in shares of SPDR Gold Shares by 2.7% in the 3rd quarter. First Eagle Investment Management LLC now owns 2,531,196 shares of the exchange traded fund’s stock valued at $899,764,000 after acquiring an additional 66,416 shares during the last quarter. Bank of Montreal Can acquired a new position in SPDR Gold Shares in the third quarter worth $556,282,000. Ameriprise Financial Inc. boosted its holdings in SPDR Gold Shares by 3.4% in the third quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock worth $554,139,000 after purchasing an additional 50,756 shares during the period. Barclays PLC increased its stake in SPDR Gold Shares by 1.4% during the third quarter. Barclays PLC now owns 1,125,376 shares of the exchange traded fund’s stock valued at $400,037,000 after purchasing an additional 15,932 shares during the last quarter. Finally, Corient Private Wealth LLC increased its stake in 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 purchasing an additional 559,507 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $374.58 on Thursday. The company’s fifty day moving average is $423.40 and its two-hundred day moving average is $427.89. SPDR Gold Shares has a 1-year low of $299.89 and a 1-year high of $509.70. The stock has a market capitalization of $136.23 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14.

SPDR Gold Shares News Summary

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

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.