Natixis Advisors LLC Buys Shares of 10,406 SPDR Gold Shares $GLD

Natixis Advisors LLC purchased a new position in SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,406 shares of the exchange traded fund’s stock, valued at approximately $4,124,000.

Several other large investors also recently made changes to their positions in GLD. Bank of Montreal Can acquired a new stake in SPDR Gold Shares in the 3rd quarter worth approximately $556,282,000. Corient Private Wealth LLC grew its holdings 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. Axxcess Wealth Management LLC raised its position in shares of SPDR Gold Shares by 1,158.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 504,462 shares of the exchange traded fund’s stock valued at $199,923,000 after purchasing an additional 464,376 shares during the period. Teacher Retirement System of Texas raised its position in shares of SPDR Gold Shares by 103.7% in the fourth quarter. Teacher Retirement System of Texas now owns 568,900 shares of the exchange traded fund’s stock valued at $225,461,000 after purchasing an additional 289,550 shares during the period. Finally, Children s Medical Center Corp acquired a new stake in shares of SPDR Gold Shares in the fourth quarter worth $88,734,000. Institutional investors own 42.19% of the company’s stock.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: China increased its gold reserves by 9.95 tonnes in May, marking its 19th straight month of purchases and reinforcing long-term demand for bullion. China increases gold reserves by 9.95 tonnes in May for 19th straight month of purchases
• Positive Sentiment: Some traders are buying the dip as gold attempts to rebound after the selloff, suggesting short-term support may be forming. Gold Attempts To Rebound After Sell-Off
• Neutral Sentiment: Gold held near $4,330 as safe-haven demand from Middle East tensions was offset by firmer rate expectations and a stronger dollar. Gold holds near $4,330 as oil pares Iran-Israel risk premium – Kitco PM Report
• Neutral Sentiment: ETF investors poured billions into stock funds overall, even as GLD saw a significant outflow, showing mixed appetite across the market. ETF Investors Shrug Off Friday’s Selloff, Pour In $41 Billion
• Negative Sentiment: Gold hit a fresh five-month low and gave up year-to-date gains as rising oil prices fueled inflation worries and kept pressure on bullion. Update: Gold Gives Up All Its Gains This Year as Rising Oil Prices Heighten Inflation Worries
• Negative Sentiment: GLD recorded $702 million in outflows, indicating investors have been reducing exposure to the gold ETF. Daily ETF Flows: GLD Loses $702M

SPDR Gold Shares Trading Up 0.3%

Shares of SPDR Gold Shares stock opened at $397.27 on Tuesday. The firm has a fifty day simple moving average of $424.67 and a 200-day simple moving average of $427.78. The stock has a market capitalization of $144.49 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14. SPDR Gold Shares has a 1-year low of $299.89 and a 1-year high of $509.70.

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.