Ashton Thomas Private Wealth LLC Acquires 11,294 Shares of SPDR Gold Shares $GLD

Ashton Thomas Private Wealth LLC lifted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 12.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,685 shares of the exchange traded fund’s stock after buying an additional 11,294 shares during the period. SPDR Gold Shares comprises 0.8% of Ashton Thomas Private Wealth LLC’s holdings, making the stock its 18th largest holding. Ashton Thomas Private Wealth LLC’s holdings in SPDR Gold Shares were worth $39,488,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Parvin Asset Management LLC purchased a new stake in shares of SPDR Gold Shares in the first quarter valued at about $31,000. Livelsberger Financial Advisory acquired a new position in shares of SPDR Gold Shares in the third quarter valued at about $30,000. NBH Bank bought a new position in SPDR Gold Shares in the second quarter worth approximately $41,000. IMG Wealth Management Inc. grew its stake in shares of SPDR Gold Shares by 440.9% in the third quarter. IMG Wealth Management Inc. now owns 119 shares of the exchange traded fund’s stock worth $45,000 after purchasing an additional 97 shares during the last quarter. Finally, RHL Group LLC lifted its holdings in SPDR Gold Shares by 48.9% in the second quarter. RHL Group LLC now owns 131 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 43 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 0.8%

Shares of GLD opened at $372.52 on Friday. The stock has a fifty day moving average price of $384.96 and a 200-day moving average price of $411.53. SPDR Gold Shares has a 12 month low of $354.67 and a 12 month high of $509.70. The firm has a market cap of $135.93 billion, a PE ratio of -32.43 and a beta of 0.20.

More SPDR Gold Shares News

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

• Positive Sentiment: One analyst says proposed Democratic spending could weaken the U.S. dollar and provide a longer-term floor for gold. Midterm-related buying had also helped gold return above $4,000 an ounce. Article: Dems’ spending plans could weaken the dollar and support gold
• Neutral Sentiment: Election results may have reduced some uncertainty, but traders still see the Federal Reserve and the President as key influences on the dollar and gold. Markets are awaiting the Fed’s December decision. Article: Gold and the dollar remain dependent on Trump and the Fed
• Negative Sentiment: October payrolls rose by 165,000, stronger than expected, lifting the dollar and real yields and increasing expectations of a possible December Fed rate hike. That pressured gold and threatens its $4,000-an-ounce support; a sustained break could deepen bullion’s pullback, weighing on GLD. Article: Gold faces risk to $4,000 support after strong payrolls

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.