Mainsail Asset Management LLC Acquires Shares of 3,531 SPDR Gold Shares $GLD

Mainsail Asset Management LLC bought a new position in SPDR Gold Shares (NYSEARCA:GLDFree Report) during the third quarter, Holdings Channel.com reports. The institutional investor bought 3,531 shares of the exchange traded fund’s stock, valued at approximately $1,255,000. SPDR Gold Shares accounts for approximately 0.6% of Mainsail Asset Management LLC’s portfolio, making the stock its 22nd largest holding.

Other large investors have also made changes to their positions in the company. Csenge Advisory Group lifted its position in SPDR Gold Shares by 0.9% during the third quarter. Csenge Advisory Group now owns 74,917 shares of the exchange traded fund’s stock worth $26,631,000 after buying an additional 699 shares in the last quarter. Montis Financial LLC grew its holdings in SPDR Gold Shares by 53.9% in the 3rd quarter. Montis Financial LLC now owns 16,090 shares of the exchange traded fund’s stock valued at $5,719,000 after buying an additional 5,632 shares in the last quarter. Nwam LLC increased its stake in shares of SPDR Gold Shares by 5.9% in the 3rd quarter. Nwam LLC now owns 42,707 shares of the exchange traded fund’s stock worth $16,089,000 after acquiring an additional 2,398 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings in shares of SPDR Gold Shares by 223.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 3,317 shares of the exchange traded fund’s stock worth $1,179,000 after acquiring an additional 2,291 shares during the period. Finally, Jackson Hole Capital Partners LLC boosted its position in shares of SPDR Gold Shares by 4.3% during the 3rd quarter. Jackson Hole Capital Partners LLC now owns 2,287 shares of the exchange traded fund’s stock valued at $813,000 after acquiring an additional 95 shares during the last quarter. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Trading Down 0.5%

Shares of GLD opened at $421.29 on Friday. SPDR Gold Shares has a 12-month low of $249.15 and a 12-month high of $426.86. The firm has a market capitalization of $158.24 billion, a P/E ratio of -32.43 and a beta of 0.09. The firm has a 50-day moving average price of $395.73 and a 200 day moving average price of $355.72.

SPDR Gold Shares News Roundup

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About SPDR Gold Shares

(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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