SPDR Gold Shares $GLD Shares Purchased by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC boosted its position in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 9.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,484 shares of the exchange traded fund’s stock after buying an additional 6,662 shares during the period. Kovitz Investment Group Partners LLC’s holdings in SPDR Gold Shares were worth $27,188,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Hopwood Financial Services Inc. purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter valued at $27,000. Chapman Financial Group LLC acquired a new position in SPDR Gold Shares during the second quarter valued at $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in SPDR Gold Shares during the third quarter valued at $31,000. Kilter Group LLC purchased a new stake in SPDR Gold Shares in the second quarter valued at $34,000. Finally, Traub Capital Management LLC acquired a new stake in SPDR Gold Shares during the 2nd quarter worth about $34,000. 42.19% of the stock is owned by hedge funds and other institutional investors.

Key SPDR Gold Shares News

Here are the key news stories impacting SPDR Gold Shares this week:

SPDR Gold Shares Stock Up 2.0%

Shares of GLD stock opened at $468.62 on Monday. SPDR Gold Shares has a 52-week low of $261.25 and a 52-week high of $509.70. The stock has a market cap of $178.12 billion, a PE ratio of -32.43 and a beta of 0.09. The business has a 50-day simple moving average of $432.80 and a 200-day simple moving average of $382.63.

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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