Franklin Resources Inc. Buys 5,579 Shares of SPDR Gold Shares (NYSEARCA:GLD)

Franklin Resources Inc. increased its stake in shares of SPDR Gold Shares (NYSEARCA:GLD) by 5.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 104,751 shares of the exchange traded fund’s stock after buying an additional 5,579 shares during the period. Franklin Resources Inc.’s holdings in SPDR Gold Shares were worth $25,671,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Semmax Financial Advisors Inc. lifted its holdings in shares of SPDR Gold Shares by 78.7% during the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 48 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in SPDR Gold Shares in the 3rd quarter worth about $28,000. Private Ocean LLC boosted its holdings 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 purchasing an additional 76 shares during the period. Chris Bulman Inc bought a new stake in SPDR Gold Shares in the 2nd quarter valued at about $29,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of SPDR Gold Shares during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.1 %

Shares of GLD opened at $239.60 on Friday. The firm’s 50 day moving average is $246.54 and its 200-day moving average is $233.95. SPDR Gold Shares has a 12 month low of $183.78 and a 12 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).