Brown Brothers Harriman & Co. Purchases 14,191 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Brown Brothers Harriman & Co. lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 53.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,590 shares of the exchange traded fund’s stock after purchasing an additional 14,191 shares during the period. Brown Brothers Harriman & Co.’s holdings in SPDR Gold Shares were worth $9,866,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GLD. Triad Wealth Partners LLC bought a new stake in shares of SPDR Gold Shares during the 2nd quarter worth $25,000. Semmax Financial Advisors Inc. increased its holdings in SPDR Gold Shares by 78.7% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 48 shares during the last quarter. Private Ocean LLC raised its stake in SPDR Gold Shares by 155.1% in the 2nd quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 76 shares during the period. Ashton Thomas Securities LLC purchased a new stake in SPDR Gold Shares during the third quarter valued at about $28,000. Finally, Chris Bulman Inc bought a new position in SPDR Gold Shares during the second quarter worth about $29,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 1.3 %

GLD opened at $249.84 on Monday. The firm has a 50-day moving average price of $246.03 and a 200-day moving average price of $230.74. SPDR Gold Shares has a twelve month low of $183.15 and a twelve month high of $257.71.

SPDR Gold Shares Company Profile

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).