LTS Liquid Investments LLC Buys New Position in SPDR Gold Shares $GLD

LTS Liquid Investments LLC bought a new stake in SPDR Gold Shares (NYSEARCA:GLD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 42,150 shares of the exchange traded fund’s stock, valued at approximately $16,704,000. SPDR Gold Shares comprises 15.9% of LTS Liquid Investments LLC’s portfolio, making the stock its 3rd largest position.

Several other institutional investors have also added to or reduced their stakes in GLD. Bank of Montreal Can bought a new stake in SPDR Gold Shares in the third quarter valued at approximately $556,282,000. Corient Private Wealth LLC boosted its holdings in shares of SPDR Gold Shares by 108.1% during the 2nd quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock worth $327,500,000 after buying an additional 559,507 shares in the last quarter. Axxcess Wealth Management LLC grew its position in shares of SPDR Gold Shares by 1,158.4% during the 4th quarter. Axxcess Wealth Management LLC now owns 504,462 shares of the exchange traded fund’s stock worth $199,923,000 after buying an additional 464,376 shares during the period. Teacher Retirement System of Texas grew its position in shares of SPDR Gold Shares by 103.7% during the 4th quarter. Teacher Retirement System of Texas now owns 568,900 shares of the exchange traded fund’s stock worth $225,461,000 after buying an additional 289,550 shares during the period. Finally, Dynasty Wealth Management LLC acquired a new stake in shares of SPDR Gold Shares during the 4th quarter worth approximately $108,320,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $396.24 on Monday. The company has a market cap of $144.11 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14. SPDR Gold Shares has a 52 week low of $299.89 and a 52 week high of $509.70. The firm has a 50 day moving average of $424.74 and a 200-day moving average of $427.61.

SPDR Gold Shares News Roundup

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

• Positive Sentiment: Some analysts still view the pullback as a buying opportunity, arguing that long-term inflation concerns and strategic demand for gold could support a rebound. Gold breaks below key technical support, but analysts see a buying opportunity
• Neutral Sentiment: There are still longer-term bullish arguments for gold, including deglobalization, central bank buying, and forecasts calling for higher average gold prices later this year. Deglobalization sparks race for strategic resources, driving gold and copper outlook – Sohn Montreal
• Negative Sentiment: Stronger U.S. employment data pushed yields and the dollar higher, fueling a broad selloff in gold and other precious metals. Gold Falls as the Dollar and Yields Rise After an Unexpected Surge in May U.S. Employment
• Negative Sentiment: Gold slipped below major support levels as traders bet the Federal Reserve may remain hawkish for longer, extending the technical downtrend. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Dives 3% As Traders Bet On Hawkish Fed
• Negative Sentiment: Multiple market updates pointed to additional selling pressure after nonfarm payrolls came in much stronger than expected, reinforcing higher-rate expectations. Gold price see solid selling pressure as U.S. economy created 172k jobs in May

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.