AlTi Global Inc. Sells 9,180 Shares of SPDR Gold Shares $GLD

AlTi Global Inc. trimmed its holdings in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 2.4% in the third quarter, Holdings Channel reports. The institutional investor owned 367,483 shares of the exchange traded fund’s stock after selling 9,180 shares during the period. SPDR Gold Shares makes up 3.1% of AlTi Global Inc.’s holdings, making the stock its 6th biggest holding. AlTi Global Inc.’s holdings in SPDR Gold Shares were worth $130,629,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Laurel Wealth Advisors LLC increased its position in shares of SPDR Gold Shares by 31,232.8% during the second quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock worth $890,837,000 after purchasing an additional 2,913,079 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of SPDR Gold Shares by 108.1% in the second quarter. Corient Private Wealth LLC now owns 1,077,230 shares of the exchange traded fund’s stock valued at $327,500,000 after purchasing an additional 559,507 shares during the period. TD Asset Management Inc raised its position in SPDR Gold Shares by 108.4% during the 2nd quarter. TD Asset Management Inc now owns 685,151 shares of the exchange traded fund’s stock worth $208,855,000 after buying an additional 356,401 shares during the last quarter. Harvard Management Co. Inc. acquired a new position in shares of SPDR Gold Shares during the second quarter worth about $101,508,000. Finally, Quadrature Capital Ltd acquired a new position in SPDR Gold Shares during the 2nd quarter worth approximately $99,996,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

NYSEARCA:GLD opened at $467.03 on Tuesday. SPDR Gold Shares has a 1 year low of $261.25 and a 1 year high of $509.70. The stock has a market capitalization of $177.52 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The stock has a fifty day moving average price of $419.94 and a two-hundred day moving average price of $372.93.

Key SPDR Gold Shares News

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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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