Clear Street Group Inc. Invests $4.89 Million in SPDR Gold Shares $GLD

Clear Street Group Inc. acquired a new stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 13,745 shares of the exchange traded fund’s stock, valued at approximately $4,886,000.

Several other hedge funds have also recently bought and sold shares of the company. Empirical Asset Management LLC lifted its position in shares of SPDR Gold Shares by 256.7% during the third quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock worth $12,941,000 after purchasing an additional 26,197 shares in the last quarter. Colonial Trust Advisors grew its holdings in shares of SPDR Gold Shares by 7.6% in the third quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock valued at $7,010,000 after purchasing an additional 1,385 shares in the last quarter. Spirepoint Private Client LLC purchased a new stake in SPDR Gold Shares during the 3rd quarter worth approximately $742,000. FAS Wealth Partners Inc. increased its stake in SPDR Gold Shares by 71.1% during the 3rd quarter. FAS Wealth Partners Inc. now owns 20,916 shares of the exchange traded fund’s stock worth $7,435,000 after buying an additional 8,691 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in SPDR Gold Shares by 19.4% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 36,470 shares of the exchange traded fund’s stock worth $12,964,000 after buying an additional 5,932 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares News Summary

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

SPDR Gold Shares Stock Down 1.3%

Shares of GLD stock opened at $460.84 on Friday. SPDR Gold Shares has a 52 week low of $272.58 and a 52 week high of $509.70. The stock has a market capitalization of $175.17 billion, a PE ratio of -32.43 and a beta of 0.09. The firm has a 50 day moving average of $454.30 and a two-hundred day moving average of $399.45.

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.

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

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