626 Financial LLC Raises Position in SPDR Gold Shares (NYSEARCA:GLD)

626 Financial LLC lifted its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 3.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,011 shares of the exchange traded fund’s stock after acquiring an additional 135 shares during the period. 626 Financial LLC’s holdings in SPDR Gold Shares were worth $971,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GLD. International Assets Investment Management LLC raised its stake in shares of SPDR Gold Shares by 21,571.1% during the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after purchasing an additional 3,010,682 shares during the period. Cerity Partners OCIO LLC acquired a new position in SPDR Gold Shares in the 2nd quarter worth $78,434,000. AlTi Global Inc. lifted its holdings in SPDR Gold Shares by 145.0% in the 2nd quarter. AlTi Global Inc. now owns 335,937 shares of the exchange traded fund’s stock worth $72,212,000 after buying an additional 198,823 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of SPDR Gold Shares by 47.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock valued at $110,386,000 after acquiring an additional 146,271 shares in the last quarter. Finally, Banco Santander S.A. increased its position in shares of SPDR Gold Shares by 245.1% during the third quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock worth $39,065,000 after acquiring an additional 114,151 shares during the last quarter. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.5 %

NYSEARCA:GLD opened at $247.03 on Wednesday. SPDR Gold Shares has a one year low of $183.78 and a one year high of $257.71. The business’s 50-day simple moving average is $243.74 and its 200 day simple moving average is $237.81.

SPDR Gold Shares 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).