Luxor Capital Group LP Buys Shares of 11,500 SPDR Gold Shares $GLD

Luxor Capital Group LP bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,500 shares of the exchange traded fund’s stock, valued at approximately $4,948,000. SPDR Gold Shares comprises 0.3% of Luxor Capital Group LP’s portfolio, making the stock its 26th largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Corient Private Wealth LLC increased its stake in shares of SPDR Gold Shares by 571.3% during the 4th quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock worth $1,565,118,000 after purchasing an additional 3,360,966 shares in the last quarter. Morgan Stanley lifted its stake in SPDR Gold Shares by 22.4% in the 4th quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock valued at $5,506,229,000 after buying an additional 2,539,266 shares in the last quarter. Virtu Financial LLC purchased a new stake in SPDR Gold Shares in the 4th quarter valued at approximately $474,952,000. Marino Management LLC acquired a new stake in SPDR Gold Shares during the 4th quarter valued at $438,475,000. Finally, Diamant Asset Management Inc. grew its holdings in SPDR Gold Shares by 42,929.0% during the 1st quarter. Diamant Asset Management Inc. now owns 697,070 shares of the exchange traded fund’s stock valued at $299,942,000 after buying an additional 695,450 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares News Summary

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

• Positive Sentiment: Gold is holding above the important $4,000 level, suggesting buyers are still stepping in on dips and that the market may be forming a base. Gold continues to hold $4,000, which could signal inflection point, analysts say
• Positive Sentiment: China’s June gold imports hit a two-year high, signaling strong physical demand from the world’s largest bullion market. China’s June gold imports hit fresh two-year high of 173 tonnes as lower prices boost demand
• Positive Sentiment: Lower Treasury yields and a pullback in oil prices have helped gold rebound intraday, reinforcing its role as a defensive asset. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Oil Prices Pull Back
• Positive Sentiment: ETF flow data show investors rotating toward commodities and other defensive exposures, which can support demand for gold-backed funds like GLD. The Defensive Shift: This Week’s Top 10 ETF Inflows

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $371.90 on Friday. SPDR Gold Shares has a fifty-two week low of $300.95 and a fifty-two week high of $509.70. The company has a market capitalization of $131.06 billion, a price-to-earnings ratio of -32.43 and a beta of 0.17. The stock has a fifty day moving average of $388.19 and a two-hundred day moving average of $423.83.

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.