Brown Brothers Harriman & Co. Purchases 14,191 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Brown Brothers Harriman & Co. boosted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 53.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 40,590 shares of the exchange traded fund’s stock after buying an additional 14,191 shares during the period. Brown Brothers Harriman & Co.’s holdings in SPDR Gold Shares were worth $9,866,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Semmax Financial Advisors Inc. lifted its holdings in shares of SPDR Gold Shares by 78.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 48 shares during the last quarter. Triad Wealth Partners LLC purchased a new stake in SPDR Gold Shares during the second quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new stake in SPDR Gold Shares during the third quarter worth about $28,000. Private Ocean LLC boosted its holdings in shares of SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 76 shares in the last quarter. Finally, Chris Bulman Inc bought a new position in shares of SPDR Gold Shares during the 2nd quarter valued at about $29,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $249.84 on Monday. The business has a 50 day moving average of $246.03 and a 200 day moving average of $230.74. SPDR Gold Shares has a 1-year low of $183.15 and a 1-year high of $257.71.

About SPDR Gold Shares

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).