RWA Wealth Partners LLC Boosts Holdings in SPDR Gold Shares $GLD

RWA Wealth Partners LLC boosted its stake in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 20.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 8,658 shares of the exchange traded fund’s stock after purchasing an additional 1,453 shares during the period. RWA Wealth Partners LLC’s holdings in SPDR Gold Shares were worth $3,078,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GLD. Mccarter Private Wealth Services LLC boosted its stake in shares of SPDR Gold Shares by 3.2% in the third quarter. Mccarter Private Wealth Services LLC now owns 870 shares of the exchange traded fund’s stock worth $309,000 after buying an additional 27 shares during the last quarter. Norris Perne & French LLP MI lifted its holdings in SPDR Gold Shares by 3.3% in the third quarter. Norris Perne & French LLP MI now owns 873 shares of the exchange traded fund’s stock valued at $310,000 after acquiring an additional 28 shares during the period. Revisor Wealth Management LLC boosted its position in SPDR Gold Shares by 2.4% in the 3rd quarter. Revisor Wealth Management LLC now owns 1,237 shares of the exchange traded fund’s stock worth $452,000 after purchasing an additional 29 shares in the last quarter. Halbert Hargrove Global Advisors LLC boosted its position in SPDR Gold Shares by 12.0% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 271 shares of the exchange traded fund’s stock worth $96,000 after purchasing an additional 29 shares in the last quarter. Finally, Patten Group Inc. grew its stake in shares of SPDR Gold Shares by 0.5% during the 3rd quarter. Patten Group Inc. now owns 5,592 shares of the exchange traded fund’s stock worth $1,988,000 after purchasing an additional 29 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

Key Stories Impacting SPDR Gold Shares

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

SPDR Gold Shares Price Performance

NYSEARCA:GLD opened at $473.42 on Thursday. The company has a 50 day moving average price of $437.57 and a 200-day moving average price of $385.57. SPDR Gold Shares has a 1-year low of $261.25 and a 1-year high of $509.70. The firm has a market cap of $179.95 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

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.

Read More

Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLDFree Report).

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

Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.