Neumeier Poma Investment Counsel LLC Raises Position in SPDR Gold Shares $GLD

Neumeier Poma Investment Counsel LLC grew its stake in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 51.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,636 shares of the exchange traded fund’s stock after purchasing an additional 12,470 shares during the period. Neumeier Poma Investment Counsel LLC’s holdings in SPDR Gold Shares were worth $13,023,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of GLD. Brighton Jones LLC raised its stake in shares of SPDR Gold Shares by 20.4% in the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock valued at $2,723,000 after acquiring an additional 1,903 shares during the period. Bison Wealth LLC grew its holdings in 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 valued at $1,438,000 after purchasing an additional 2,600 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in SPDR Gold Shares in the 1st quarter worth about $16,014,000. Schnieders Capital Management LLC. raised its position in SPDR Gold Shares by 4.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,000 shares of the exchange traded fund’s stock worth $1,829,000 after purchasing an additional 275 shares during the period. Finally, Advisory Alpha LLC lifted its stake in SPDR Gold Shares by 12.6% in the second quarter. Advisory Alpha LLC now owns 2,572 shares of the exchange traded fund’s stock worth $784,000 after purchasing an additional 287 shares during the last quarter. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of NYSEARCA:GLD opened at $473.42 on Thursday. The firm has a market capitalization of $179.95 billion, a PE ratio of -32.43 and a beta of 0.09. The business has a 50 day simple moving average of $437.57 and a two-hundred day simple moving average of $385.57. SPDR Gold Shares has a 1 year low of $261.25 and a 1 year high of $509.70.

SPDR Gold Shares News Roundup

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.

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

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