Integrity Alliance LLC. Raises Stake in SPDR Gold Shares $GLD

Integrity Alliance LLC. raised its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 63.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,301 shares of the exchange traded fund’s stock after purchasing an additional 11,765 shares during the quarter. Integrity Alliance LLC.’s holdings in SPDR Gold Shares were worth $12,009,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. First Eagle Investment Management LLC lifted its holdings in SPDR Gold Shares by 2.7% during the third 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 purchasing an additional 66,416 shares in the last quarter. Bank of Montreal Can purchased a new position in SPDR Gold Shares during the third quarter valued at approximately $556,282,000. Ameriprise Financial Inc. raised its position in shares of SPDR Gold Shares by 3.4% during the third quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock valued at $554,139,000 after buying an additional 50,756 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of SPDR Gold Shares by 3.0% during the third quarter. Envestnet Asset Management Inc. now owns 1,222,891 shares of the exchange traded fund’s stock valued at $434,701,000 after buying an additional 35,619 shares during the last quarter. Finally, Barclays PLC raised its position in shares of 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 buying an additional 15,932 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $414.00 on Wednesday. The stock has a market cap of $150.57 billion, a P/E ratio of -32.43 and a beta of 0.15. SPDR Gold Shares has a 1 year low of $299.89 and a 1 year high of $509.70. The firm’s 50 day moving average price is $427.78 and its 200-day moving average price is $425.73.

Key SPDR Gold Shares News

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

• Positive Sentiment: Options volume in SPDR Gold Shares (GLD) leaned bullish, suggesting some traders are positioning for a rebound or continued upside in gold. A battle is brewing in the gold pits. Here are the winners and losers
• Positive Sentiment: Gold remains above key support around $4,500, and analysts say the tight consolidation could set up a volatility-driven breakout if buyers regain control. Gold (XAU/USD) Price Forecast: Compression Signals Breakout Setup Ahead
• Neutral Sentiment: Reports showed strong bullion demand earlier in the year, including record gold and silver sales at the Royal Mint, which supports the longer-term investment case but does not appear to be driving today’s move. Royal Mint sees record gold, silver bullion sales between January and March
• Neutral Sentiment: Market commentary points to choppy trading as investors wait for more clarity on Middle East peace talks and the direction of U.S. rates and the dollar. Gold prices testing support at $4,500 as U.S. consumer confidence falls slight to 93.1
• Negative Sentiment: Spot gold prices moved lower as the U.S. dollar strengthened and renewed geopolitical developments reduced some safe-haven demand, weighing on GLD. Metals dip as S&P, Nasdaq hit records on Iran deal hopes – Kitco PM Report

SPDR Gold Shares Company 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.