Private Client Services LLC Boosts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Private Client Services LLC boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 5.3% in the 4th quarter, HoldingsChannel reports. The firm owned 4,800 shares of the exchange traded fund’s stock after purchasing an additional 240 shares during the period. Private Client Services LLC’s holdings in SPDR Gold Shares were worth $1,162,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GLD. International Assets Investment Management LLC grew its holdings in SPDR Gold Shares by 21,571.1% in the third 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 purchasing an additional 3,010,682 shares during the period. Arizona PSPRS Trust purchased a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at $157,187,000. Cerity Partners OCIO LLC acquired a new stake in shares of SPDR Gold Shares during the 2nd quarter worth $78,434,000. AlTi Global Inc. grew its position in SPDR Gold Shares by 145.0% during the second quarter. AlTi Global Inc. now owns 335,937 shares of the exchange traded fund’s stock valued at $72,212,000 after acquiring an additional 198,823 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in SPDR Gold Shares by 47.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock worth $110,386,000 after acquiring an additional 146,271 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.4 %

GLD traded up $0.94 on Wednesday, reaching $245.50. 4,324,656 shares of the company’s stock were exchanged, compared to its average volume of 4,828,032. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $257.71. The company’s 50 day moving average is $244.48 and its 200-day moving average is $236.69.

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).