Waverton Investment Management Ltd Acquires 1,690 Shares of SPDR Gold Shares $GLD

Waverton Investment Management Ltd increased its stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 2.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 73,917 shares of the exchange traded fund’s stock after purchasing an additional 1,690 shares during the quarter. Waverton Investment Management Ltd’s holdings in SPDR Gold Shares were worth $26,272,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of GLD. Brighton Jones LLC raised its stake in SPDR Gold Shares by 20.4% during the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after buying an additional 1,903 shares during the period. Bison Wealth LLC lifted its holdings in shares of SPDR Gold Shares by 77.8% in the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after purchasing an additional 2,600 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in SPDR Gold Shares in the 1st quarter valued at $16,014,000. Schnieders Capital Management LLC. grew its position in SPDR Gold Shares by 4.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock valued at $1,829,000 after purchasing an additional 275 shares during the period. Finally, Hantz Financial Services Inc. increased its stake in SPDR Gold Shares by 7.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,921 shares of the exchange traded fund’s stock valued at $890,000 after purchasing an additional 208 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 1.3%

SPDR Gold Shares stock opened at $483.75 on Monday. The firm has a market capitalization of $183.87 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The firm’s fifty day moving average price is $440.84 and its two-hundred day moving average price is $388.53. SPDR Gold Shares has a 1-year low of $261.25 and a 1-year high of $509.70.

SPDR Gold Shares News Roundup

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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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