Focus Partners Wealth Has $157.04 Million Stock Position in SPDR Gold Shares $GLD

Focus Partners Wealth grew its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 20.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 436,460 shares of the exchange traded fund’s stock after acquiring an additional 75,017 shares during the period. Focus Partners Wealth’s holdings in SPDR Gold Shares were worth $157,038,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Mccarter Private Wealth Services LLC increased its holdings in SPDR Gold Shares by 3.2% in the third quarter. Mccarter Private Wealth Services LLC now owns 870 shares of the exchange traded fund’s stock valued at $309,000 after purchasing an additional 27 shares during the period. Prudent Investors Network Inc. lifted its holdings in SPDR Gold Shares by 3.8% during the 3rd quarter. Prudent Investors Network Inc. now owns 734 shares of the exchange traded fund’s stock worth $261,000 after buying an additional 27 shares during the period. Kelleher Financial Advisors lifted its holdings in SPDR Gold Shares by 0.6% during the 3rd quarter. Kelleher Financial Advisors now owns 4,324 shares of the exchange traded fund’s stock worth $1,537,000 after buying an additional 27 shares during the period. Norris Perne & French LLP MI grew its position in shares of SPDR Gold Shares by 3.3% in the 3rd quarter. Norris Perne & French LLP MI now owns 873 shares of the exchange traded fund’s stock valued at $310,000 after buying an additional 28 shares during the last quarter. Finally, MGO Private Wealth LLC grew its position in shares of SPDR Gold Shares by 0.9% in the 3rd quarter. MGO Private Wealth LLC now owns 3,164 shares of the exchange traded fund’s stock valued at $1,125,000 after buying an additional 28 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

Trending Headlines about SPDR Gold Shares

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

SPDR Gold Shares Trading Down 1.3%

Shares of GLD stock opened at $460.84 on Monday. SPDR Gold Shares has a 1-year low of $272.58 and a 1-year high of $509.70. The stock has a market cap of $175.17 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The stock has a 50-day moving average of $454.30 and a 200-day moving average of $400.06.

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.

Featured Articles

Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLDFree Report).

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.