The first quarter has come to a close, and with it, the latest 13F filings from prominent institutional investors have been made available. One of the notable changes in these filings is the trimming of holdings in SPDR Gold Shares (NYSEARCA:GLD) by Quintet Private Bank Europe S.A. The investor has reduced its stake in the gold-tracked exchange-traded fund (ETF) by 6.0% following the sale of 1,159 shares during the quarter. This move brings the total number of shares owned by the investor to 18,095. The value of Quintet Private Bank Europe S.A.’s holdings in SPDR Gold Shares has been estimated to be $5,214,000 at the end of the first quarter. This substantial investment in the gold ETF underscores the investor’s confidence in the metal’s value.
- Other institutional investors and hedge funds have also made changes to their holdings in SPDR Gold Shares.
- Tallon Kerry Patrick has acquired a new position in the ETF, worth approximately $547,000.
- Ironwood Wealth Management LLC. has increased its stake in the gold ETF by 8.5% during the fourth quarter.
- Brighton Jones LLC has lifted its stake in SPDR Gold Shares by 20.4% during the fourth quarter.
- Union Bancaire Privee UBP SA has bought a new position in shares of SPDR Gold Shares, valued at $7,794,000.
- Certuity LLC has increased its holdings in shares of SPDR Gold Shares by 63.9% in the fourth quarter.
The ownership of SPDR Gold Shares has been broken down as follows:
- 42.19% of the stock is owned by institutional investors.
- 11.41% of the stock is owned by the company’s management team.
- 46.40% of the stock is owned by other shareholders.
These figures highlight the significant presence of institutional investors in the gold ETF market.
| Market Capitalization | $102.09 billion |
| Price-to-Earnings Ratio | -32.43 |
| Beta | 0.11 |
SPDR Gold Shares is an investment trust that aims to reflect the performance of the price of gold bullion, less the trust’s expenses. The trust’s business activity involves the investment of gold, and it creates and redeems shares from time to time.
“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 firm has a market capitalization of $102.09 billion, a price-to-earnings ratio of -32.43, and a beta of 0.11. These metrics provide insight into the ETF’s valuation and risk profile. Key Highlights:
• SPDR Gold Shares has seen significant changes in its holdings by institutional investors in the first quarter.
• The ownership of SPDR Gold Shares has been broken down into various categories, including institutional investors, management team, and other shareholders.
• The market capitalization and valuation metrics of SPDR Gold Shares provide insight into the ETF’s valuation and risk profile.
The current stock price of SPDR Gold Shares is $312.20, with a 1-year low of $212.12 and a 1-year high of $317.63. The stock has a fifty day simple moving average of $302.75 and a 200 day simple moving average of $274.17. The firm has a strong presence in the gold ETF market, with 42.19% of the stock owned by institutional investors. This significant presence underscores the investor’s confidence in the metal’s value. What’s Next:
The gold market continues to be influenced by various factors, including supply and demand, economic indicators, and geopolitical events.
