Vestmark Advisory Solutions Inc. Boosts Holdings in SPDR Gold Shares $GLD

Vestmark Advisory Solutions Inc. raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 1,416.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,365 shares of the exchange traded fund’s stock after buying an additional 69,460 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in SPDR Gold Shares were worth $26,435,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of GLD. Alliance Wealth Advisors LLC UT increased its stake in shares of SPDR Gold Shares by 7.5% in the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 3,412 shares of the exchange traded fund’s stock worth $1,213,000 after purchasing an additional 238 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in SPDR Gold Shares by 4.1% during the third quarter. OneDigital Investment Advisors LLC now owns 31,332 shares of the exchange traded fund’s stock valued at $11,138,000 after purchasing an additional 1,237 shares in the last quarter. Journey Advisory Group LLC increased its position in SPDR Gold Shares by 2.8% in the third quarter. Journey Advisory Group LLC now owns 26,091 shares of the exchange traded fund’s stock worth $9,275,000 after buying an additional 706 shares in the last quarter. Siligmueller & Norvid Wealth Advisors LLC purchased a new stake in SPDR Gold Shares in the third quarter worth about $267,000. Finally, Personal CFO Solutions LLC raised its stake in shares of SPDR Gold Shares by 3.6% in the third quarter. Personal CFO Solutions LLC now owns 13,344 shares of the exchange traded fund’s stock worth $4,743,000 after buying an additional 468 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

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SPDR Gold Shares Trading Up 2.0%

Shares of NYSEARCA:GLD opened at $468.62 on Friday. The stock has a 50 day moving average of $432.80 and a 200 day moving average of $382.13. The company has a market cap of $178.12 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 12-month low of $261.25 and a 12-month high of $509.70.

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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