Montis Financial LLC Purchases 5,632 Shares of SPDR Gold Shares $GLD

Montis Financial LLC increased its position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 53.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 16,090 shares of the exchange traded fund’s stock after purchasing an additional 5,632 shares during the quarter. SPDR Gold Shares comprises approximately 1.3% of Montis Financial LLC’s portfolio, making the stock its 18th biggest holding. Montis Financial LLC’s holdings in SPDR Gold Shares were worth $5,719,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of SPDR Gold Shares by 20.4% in the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after acquiring an additional 1,903 shares in the last quarter. Bison Wealth LLC increased its holdings in shares of SPDR Gold Shares by 77.8% during the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after purchasing an additional 2,600 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of SPDR Gold Shares in the first quarter valued at approximately $16,014,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of SPDR Gold Shares by 93.6% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,551 shares of the exchange traded fund’s stock valued at $473,000 after buying an additional 750 shares during the period. Finally, Thrive Wealth Management LLC bought a new stake in shares of SPDR Gold Shares in the second quarter valued at approximately $225,000. 42.19% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting SPDR Gold Shares

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SPDR Gold Shares Price Performance

SPDR Gold Shares stock opened at $423.33 on Friday. The stock’s fifty day moving average price is $394.67 and its two-hundred day moving average price is $354.91. SPDR Gold Shares has a one year low of $249.15 and a one year high of $426.86. The firm has a market cap of $157.52 billion, a PE ratio of -32.43 and a beta of 0.09.

SPDR Gold Shares Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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