Sepio Capital LP Grows Holdings in SPDR Gold Shares $GLD

Sepio Capital LP grew its stake in SPDR Gold Shares (NYSEARCA:GLD) by 8.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 19,417 shares of the exchange traded fund’s stock after acquiring an additional 1,544 shares during the period. Sepio Capital LP’s holdings in SPDR Gold Shares were worth $7,695,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. WPG Advisers LLC purchased a new stake in shares of SPDR Gold Shares in the 4th quarter valued at approximately $25,000. Chapman Financial Group LLC purchased a new stake in shares of SPDR Gold Shares in the 2nd quarter valued at approximately $26,000. Vestwell Advisors LLC purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at approximately $27,000. Eukles Asset Management purchased a new stake in shares of SPDR Gold Shares in the 4th quarter valued at approximately $27,000. Finally, USA Financial Formulas purchased a new stake in shares of SPDR Gold Shares in the 4th quarter valued at approximately $31,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting SPDR Gold Shares

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

• Positive Sentiment: Gold found buyers after testing major support, with some analysts saying the market may be forming a bottom near the $4,000 area. Gold (XAU/USD) Price Forecast: Undercut Setup Signals Potential Bottom
• Positive Sentiment: Some strategists argued the longer-term gold bull market is still intact despite the recent drop below key price levels, which could encourage dip buying in GLD. Don’t fear a drop below $4,000, gold’s bull market isnt broken – Thorsten Polleit
• Neutral Sentiment: Gold and GLD remain under pressure from higher-for-longer interest rate expectations, a stronger dollar, and elevated bond yields, which have driven the metal to recent six- and seven-month lows. Gold slumps to 6-month low even as inflation fears rise. Here’s why bullion is out of favor
• Neutral Sentiment: Mixed macro signals are keeping the ETF volatile: hotter-than-expected PPI and CPI readings are bearish for gold, while safe-haven demand from geopolitical tensions and talk of a potential bottom are offering some support. Update: Gold Rises on a Restart of Iranian Talks; U.S. Wholesale Inflation Rose More Than Expected in May
• Negative Sentiment: Several market reports warned that the recent decline may not be over, with GLD breaking key technical support and some traders betting the pain could last longer if rates stay elevated. As gold’s tumble continues, traders bet the pain may last for two more years

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $386.32 on Friday. The company’s 50 day simple moving average is $422.52 and its 200-day simple moving average is $427.97. The company has a market capitalization of $140.50 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 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.