Great Lakes Advisors LLC Increases Position in SPDR Gold Shares (NYSEARCA:GLD)

Great Lakes Advisors LLC lifted its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 53.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,275 shares of the exchange traded fund’s stock after buying an additional 4,626 shares during the quarter. Great Lakes Advisors LLC’s holdings in SPDR Gold Shares were worth $3,214,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of GLD. Ashton Thomas Securities LLC purchased a new position in SPDR Gold Shares during the third quarter worth approximately $28,000. GSA Capital Partners LLP purchased a new position in SPDR Gold Shares during the third quarter worth approximately $564,000. Haverford Trust Co raised its stake in SPDR Gold Shares by 30.2% during the third quarter. Haverford Trust Co now owns 3,450 shares of the exchange traded fund’s stock worth $839,000 after purchasing an additional 800 shares during the period. Huntington National Bank raised its stake in SPDR Gold Shares by 4.1% during the third quarter. Huntington National Bank now owns 30,581 shares of the exchange traded fund’s stock worth $7,433,000 after purchasing an additional 1,207 shares during the period. Finally, Lifeworks Advisors LLC purchased a new position in SPDR Gold Shares during the third quarter worth approximately $460,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Up 0.0 %

NYSEARCA:GLD opened at $275.24 on Friday. The company has a market cap of $82.74 billion, a P/E ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a fifty-two week low of $198.94 and a fifty-two week high of $276.30. The firm’s 50 day moving average is $261.08 and its two-hundred day moving average is $249.42.

About SPDR Gold Shares

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).