Savant Capital LLC Increases Position in SPDR Gold Shares $GLD

Savant Capital LLC raised its position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 14.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,676 shares of the exchange traded fund’s stock after purchasing an additional 3,588 shares during the period. Savant Capital LLC’s holdings in SPDR Gold Shares were worth $9,838,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Nicholson Wealth Management Group LLC grew its stake in shares of SPDR Gold Shares by 5.0% in the second quarter. Nicholson Wealth Management Group LLC now owns 3,755 shares of the exchange traded fund’s stock worth $1,145,000 after acquiring an additional 179 shares during the last quarter. Joseph P. Lucia & Associates LLC boosted its stake in SPDR Gold Shares by 8.5% in the 2nd quarter. Joseph P. Lucia & Associates LLC now owns 1,689 shares of the exchange traded fund’s stock worth $515,000 after purchasing an additional 132 shares in the last quarter. Princeton Capital Management LLC purchased a new stake in SPDR Gold Shares during the 2nd quarter valued at about $220,000. Spirepoint Private Client LLC bought a new stake in SPDR Gold Shares during the 3rd quarter valued at about $742,000. Finally, FAS Wealth Partners Inc. increased its stake in SPDR Gold Shares by 71.1% during the 3rd quarter. FAS Wealth Partners Inc. now owns 20,916 shares of the exchange traded fund’s stock valued at $7,435,000 after purchasing an additional 8,691 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $453.97 on Thursday. The firm’s 50 day moving average price is $415.87 and its 200-day moving average price is $369.54. SPDR Gold Shares has a 52-week low of $261.25 and a 52-week high of $509.70. The company has a market cap of $172.55 billion, a PE ratio of -32.43 and a beta of 0.09.

Key Stories Impacting SPDR Gold Shares

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

SPDR Gold Shares 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.

See Also

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

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