SPDR Gold Shares $GLD Shares Bought by Pictet North America Advisors SA

Pictet North America Advisors SA lifted its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 6.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 153,919 shares of the exchange traded fund’s stock after acquiring an additional 9,222 shares during the period. SPDR Gold Shares makes up about 5.1% of Pictet North America Advisors SA’s investment portfolio, making the stock its 2nd biggest position. Pictet North America Advisors SA’s holdings in SPDR Gold Shares were worth $54,528,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in SPDR Gold Shares in the third quarter valued at about $4,967,000. Summit Wealth Partners LLC lifted its stake in SPDR Gold Shares by 85.4% during the third quarter. Summit Wealth Partners LLC now owns 3,297 shares of the exchange traded fund’s stock worth $1,172,000 after purchasing an additional 1,519 shares during the period. Cascade Financial Partners LLC boosted its holdings in SPDR Gold Shares by 17.7% during the third quarter. Cascade Financial Partners LLC now owns 5,051 shares of the exchange traded fund’s stock valued at $1,795,000 after purchasing an additional 760 shares in the last quarter. SOA Wealth Advisors LLC. grew its stake in shares of SPDR Gold Shares by 114.6% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 455 shares of the exchange traded fund’s stock valued at $162,000 after purchasing an additional 243 shares during the period. Finally, SteelPeak Wealth LLC grew its stake in shares of SPDR Gold Shares by 18.0% in the 3rd quarter. SteelPeak Wealth LLC now owns 3,676 shares of the exchange traded fund’s stock valued at $1,307,000 after purchasing an additional 562 shares during the period. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares News Roundup

Here are the key news stories impacting SPDR Gold Shares this week:

SPDR Gold Shares Trading Up 0.5%

Shares of GLD opened at $398.28 on Friday. The stock has a market cap of $144.14 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 1 year low of $242.05 and a 1 year high of $418.45. The stock has a 50 day simple moving average of $385.59 and a 200-day simple moving average of $348.13.

SPDR Gold Shares Company Profile

(Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

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Institutional Ownership by Quarter for SPDR Gold Shares (NYSEARCA:GLD)

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