Focus Partners Advisor Solutions LLC Acquires 2,097 Shares of SPDR Gold Shares $GLD

Focus Partners Advisor Solutions LLC increased its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 21.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,877 shares of the exchange traded fund’s stock after purchasing an additional 2,097 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in SPDR Gold Shares were worth $4,411,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Mccarter Private Wealth Services LLC lifted its stake in shares of SPDR Gold Shares by 3.2% in the 3rd quarter. Mccarter Private Wealth Services LLC now owns 870 shares of the exchange traded fund’s stock valued at $309,000 after acquiring an additional 27 shares during the last quarter. Norris Perne & French LLP MI lifted its position in SPDR Gold Shares by 3.3% in the third quarter. Norris Perne & French LLP MI now owns 873 shares of the exchange traded fund’s stock valued at $310,000 after purchasing an additional 28 shares during the last quarter. Revisor Wealth Management LLC boosted its stake in shares of SPDR Gold Shares by 2.4% during the third quarter. Revisor Wealth Management LLC now owns 1,237 shares of the exchange traded fund’s stock valued at $452,000 after purchasing an additional 29 shares during the period. Halbert Hargrove Global Advisors LLC grew its holdings in shares of SPDR Gold Shares by 12.0% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 271 shares of the exchange traded fund’s stock worth $96,000 after purchasing an additional 29 shares during the last quarter. Finally, Patten Group Inc. grew its holdings in shares of SPDR Gold Shares by 0.5% in the third quarter. Patten Group Inc. now owns 5,592 shares of the exchange traded fund’s stock worth $1,988,000 after purchasing an additional 29 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 4.5%

NYSEARCA:GLD opened at $468.14 on Wednesday. The company has a fifty day moving average of $443.57 and a 200 day moving average of $390.95. SPDR Gold Shares has a 52 week low of $265.64 and a 52 week high of $509.70. The firm has a market capitalization of $177.94 billion, a P/E ratio of -32.43 and a beta of 0.09.

Key Headlines Impacting SPDR Gold Shares

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

SPDR Gold Shares 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.

Featured Articles

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

Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.