Independent Family Office LLC Acquires 6,569 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Independent Family Office LLC raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 26.2% in the 3rd quarter, Holdings Channel reports. The fund owned 31,645 shares of the exchange traded fund’s stock after purchasing an additional 6,569 shares during the period. SPDR Gold Shares accounts for 3.9% of Independent Family Office LLC’s holdings, making the stock its 8th biggest holding. Independent Family Office LLC’s holdings in SPDR Gold Shares were worth $7,692,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC grew its stake in SPDR Gold Shares by 21,571.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after acquiring an additional 3,010,682 shares in the last quarter. Arizona PSPRS Trust bought a new position in SPDR Gold Shares in the second quarter valued at approximately $157,187,000. Strategic Financial Concepts LLC lifted its position in shares of SPDR Gold Shares by 9,654.6% in the second quarter. Strategic Financial Concepts LLC now owns 550,450 shares of the exchange traded fund’s stock valued at $1,184,000 after buying an additional 544,807 shares during the last quarter. Granite Bay Wealth Management LLC increased its stake in SPDR Gold Shares by 25,320.8% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 516,551 shares of the exchange traded fund’s stock worth $111,854,000 after acquiring an additional 514,519 shares during the period. Finally, Cerity Partners OCIO LLC bought a new stake in SPDR Gold Shares during the 2nd quarter worth $78,434,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.5 %

Shares of GLD stock traded up $1.32 during trading hours on Tuesday, reaching $244.76. The company had a trading volume of 448,739 shares, compared to its average volume of 7,000,642. SPDR Gold Shares has a 12 month low of $183.15 and a 12 month high of $257.71. The business has a fifty day simple moving average of $246.53 and a 200-day simple moving average of $231.64.

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).