The recent market fluctuations have had a significant impact on various investors’ portfolios, resulting in changes to their holdings in the SPDR Gold Shares (NYSEARCA:GLD). One of the notable investors that has modified its position is IronBridge Private Wealth LLC. In its latest disclosure with the Securities and Exchange Commission (SEC), the institutional investor cut its stake in SPDR Gold Shares by 4.1% in the 4th quarter. The move was made by reducing its holdings from 47,445 shares to 45,420 shares. This decrease is attributed to a sale of 2,025 shares during the quarter. The 47,445 shares were part of SPDR Gold Shares’ 7th largest position in IronBridge Private Wealth LLC’s portfolio, which comprised approximately 4.2% of the company’s total assets.
Several other large investors have also recently modified their holdings of the stock. Morse Asset Management Inc acquired a new position in SPDR Gold Shares during the third quarter, valued at $1,929,000. On the other hand, SOA Wealth Advisors LLC increased its stake in the stock by 54.0% during the 3rd quarter, while World Investment Advisors LLC boosted its holdings by 17.3%. Wilmington Savings Fund Society FSB significantly increased its holdings by 451.1%, and Tidal Investments LLC grew its stake by 12.7%. Investor insights
• IronBridge Private Wealth LLC reduced its stake in SPDR Gold Shares from 47,445 shares to 45,420 shares in the 4th quarter. • The reduction was made through a sale of 2,025 shares during the quarter. • SPDR Gold Shares comprised approximately 4.2% of IronBridge Private Wealth LLC’s portfolio, making it the company’s 7th largest position. • The institutional investor cut its stake in SPDR Gold Shares by 4.1% in the 4th quarter. Key Highlights
| Investor | Change in Holdings | Value of Holdings |
| IronBridge Private Wealth LLC | Reduced by 4.1% | $11,488,000 |
| Morse Asset Management Inc | Acquired a new position | $1,929,000 |
| SOA Wealth Advisors LLC | Increased by 54.0% | $47,000 |
| World Investment Advisors LLC | Increased by 17.3% | $3,762,000 |
| Wilmington Savings Fund Society FSB | Increased by 451.1% | $13,577,000 |
| Tidal Investments LLC | Increased by 12.7% | $3,609,000 |
Investor Sentiment
Hedge funds and other institutional investors own 42.19% of the company’s stock. This highlights the significant influence these investors have on the market. The stock has a 50-day moving average of $278.32 and a 200-day moving average of $258.56. SPDR Gold Shares Company Profile
The investment objective of SPDR Gold Trust (the Trust) is to reflect the performance of the price of gold bullion, less the Trust’s expenses. 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). This unique business activity is focused on investing in gold. Market Analysis
The company’s 50-day moving average is $278.32 and its 200-day moving average is $258.56. The company has a market cap of $92.02 billion, a price-to-earnings ratio of -30.67, and a beta of 0.17. These metrics provide valuable insights into the company’s performance and market sentiment.
“Investors need to stay vigilant and adapt to changing market conditions. The recent fluctuations in the market have led to changes in various investors’ holdings. It is essential to monitor these changes and adjust strategies accordingly.”
Conclusion
The recent changes in investors’ holdings in SPDR Gold Shares highlight the dynamic nature of the market. Investors need to stay informed and adjust their strategies to respond to changing market conditions. By monitoring these changes and staying vigilant, investors can make informed decisions and achieve their investment goals.
