Gordian Capital Singapore Pte Ltd Acquires Shares of 2,000 SPDR Gold Shares $GLD

Gordian Capital Singapore Pte Ltd bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,000 shares of the exchange traded fund’s stock, valued at approximately $711,000.

Other large investors also recently made changes to their positions in the company. Empirical Asset Management LLC increased its stake in shares of SPDR Gold Shares by 256.7% in the 3rd quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock valued at $12,941,000 after acquiring an additional 26,197 shares during the last quarter. Colonial Trust Advisors boosted its stake in SPDR Gold Shares by 7.6% during the 3rd quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock worth $7,010,000 after acquiring an additional 1,385 shares during the last quarter. Spirepoint Private Client LLC acquired a new position in SPDR Gold Shares during the third quarter valued at approximately $742,000. Alpha Cubed Investments LLC grew its holdings in SPDR Gold Shares by 5.7% during the second quarter. Alpha Cubed Investments LLC now owns 2,722 shares of the exchange traded fund’s stock valued at $830,000 after purchasing an additional 146 shares during the period. Finally, FAS Wealth Partners Inc. increased its stake in SPDR Gold Shares by 71.1% in the third quarter. FAS Wealth Partners Inc. now owns 20,916 shares of the exchange traded fund’s stock valued at $7,435,000 after purchasing an additional 8,691 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 1.1%

Shares of NYSEARCA GLD opened at $477.86 on Wednesday. SPDR Gold Shares has a twelve month low of $268.36 and a twelve month high of $509.70. The stock has a market cap of $181.63 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The company’s fifty day moving average is $450.04 and its 200-day moving average is $396.75.

SPDR Gold Shares News Roundup

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About SPDR Gold Shares

(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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