MGO One Seven LLC Reduces Stock Position in SPDR Gold Shares $GLD

MGO One Seven LLC decreased its position in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 12.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 56,719 shares of the exchange traded fund’s stock after selling 7,955 shares during the quarter. MGO One Seven LLC’s holdings in SPDR Gold Shares were worth $20,162,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its position in SPDR Gold Shares by 20.4% during the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after acquiring an additional 1,903 shares during the last quarter. Bison Wealth LLC lifted its stake in shares of SPDR Gold Shares by 77.8% during the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock worth $1,438,000 after purchasing an additional 2,600 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of SPDR Gold Shares during the 1st quarter worth $16,014,000. Jones Financial Companies Lllp boosted its holdings in shares of SPDR Gold Shares by 48.2% during the first quarter. Jones Financial Companies Lllp now owns 123,997 shares of the exchange traded fund’s stock worth $35,227,000 after purchasing an additional 40,351 shares during the last quarter. Finally, HBW Advisory Services LLC grew its position in shares of SPDR Gold Shares by 41.6% in the second quarter. HBW Advisory Services LLC now owns 4,938 shares of the exchange traded fund’s stock valued at $1,505,000 after purchasing an additional 1,450 shares during the period. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Up 0.7%

NYSEARCA GLD opened at $414.47 on Monday. The business’s 50-day moving average price is $390.08 and its 200 day moving average price is $352.26. SPDR Gold Shares has a twelve month low of $245.15 and a twelve month high of $418.45. The company has a market capitalization of $154.60 billion, a PE ratio of -32.43 and a beta of 0.09.

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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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