7,730 Shares in SPDR Gold Shares $GLD Purchased by Peak Planning Group LLC

Peak Planning Group LLC acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) in the 4th quarter, Holdings Channel reports. The fund acquired 7,730 shares of the exchange traded fund’s stock, valued at approximately $3,063,000. SPDR Gold Shares accounts for about 0.9% of Peak Planning Group LLC’s portfolio, making the stock its 20th biggest holding.

Several other large investors have also made changes to their positions in the business. Calder Financial LLC acquired a new position in SPDR Gold Shares in the 4th quarter valued at approximately $807,000. Crescent Grove Advisors LLC raised its holdings in SPDR Gold Shares by 25.3% in the 4th quarter. Crescent Grove Advisors LLC now owns 15,719 shares of the exchange traded fund’s stock valued at $6,230,000 after acquiring an additional 3,175 shares in the last quarter. Empirical Asset Management LLC raised its holdings in SPDR Gold Shares by 256.7% in the 3rd quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock valued at $12,941,000 after acquiring an additional 26,197 shares in the last quarter. Colonial Trust Advisors raised its holdings in SPDR Gold Shares by 7.6% in the 3rd quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock valued at $7,010,000 after acquiring an additional 1,385 shares in the last quarter. Finally, Ervin Investment Management LLC acquired a new position in SPDR Gold Shares in the 4th quarter valued at approximately $7,178,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

Trending Headlines about SPDR Gold Shares

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

• Positive Sentiment: Gold is showing signs of a rebound after holding major support, suggesting buyers are stepping in after the recent selloff. Gold (XAU/USD) Price Forecast: Failed Breakdown Hints at Rebound
• Positive Sentiment: Safe-haven demand improved as Middle East tensions persisted and U.S.-Iran talk headlines supported a bid for precious metals. Gold and Silver Price Forecast: US-Iran Deal Hopes Lift XAUUSD and XAGUSD
• Positive Sentiment: Gold held key support around $4,000, and analysts said that level may act as a floor as investors cautiously return to the trade. Gold holds key $4,000 support as analysts watch for signs of a bottom
• Neutral Sentiment: The CME plans to offer 24/7 gold trading, which could improve access and liquidity but does not directly change fundamentals. CME to offer 24/7 gold and oil trading
• Neutral Sentiment: Gold remains caught between bargain-hunting support and macro pressure from higher-for-longer rate expectations and stronger U.S. inflation readings. Spot gold at $4,062/oz after U.S. May PPI rises 1.1%, core PPI up 0.4%
• Negative Sentiment: Several reports warn that gold remains under pressure from a stronger dollar, elevated yields, and fears the Fed may keep rates restrictive, which could limit any recovery in GLD. Gold slumps to 6-month low even as inflation fears rise. Here’s why bullion is out of favor

SPDR Gold Shares Stock Up 0.1%

SPDR Gold Shares stock opened at $386.54 on Friday. The business has a 50 day moving average price of $421.49 and a two-hundred day moving average price of $427.68. The stock has a market cap of $140.58 billion, a price-to-earnings ratio of -32.43 and a beta of 0.14. SPDR Gold Shares has a 12 month low of $299.89 and a 12 month high of $509.70.

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.