US Bancorp DE Grows Stock Holdings in SPDR Gold Shares $GLD

US Bancorp DE increased its position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 3.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 797,375 shares of the exchange traded fund’s stock after purchasing an additional 30,215 shares during the period. US Bancorp DE owned 0.22% of SPDR Gold Shares worth $283,443,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GLD. Chapman Financial Group LLC acquired a new position in shares of SPDR Gold Shares during the 2nd quarter worth about $26,000. Hopwood Financial Services Inc. purchased a new stake in SPDR Gold Shares during the third quarter worth approximately $27,000. Steigerwald Gordon & Koch Inc. purchased a new stake in SPDR Gold Shares during the third quarter worth approximately $31,000. Traub Capital Management LLC acquired a new position in SPDR Gold Shares in the second quarter valued at approximately $34,000. Finally, Kilter Group LLC purchased a new position in SPDR Gold Shares in the second quarter valued at approximately $34,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

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SPDR Gold Shares Trading Down 0.3%

Shares of NYSEARCA:GLD opened at $473.42 on Thursday. The firm has a 50 day simple moving average of $437.57 and a 200-day simple moving average of $385.57. SPDR Gold Shares has a twelve month low of $261.25 and a twelve month high of $509.70. The company has a market capitalization of $179.95 billion, a PE ratio of -32.43 and a beta of 0.09.

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.

See Also

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

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