Focus Partners Advisor Solutions LLC Increases Holdings in SPDR Gold Shares $GLD

Focus Partners Advisor Solutions LLC grew its holdings in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 21.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 11,877 shares of the exchange traded fund’s stock after acquiring an additional 2,097 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in SPDR Gold Shares were worth $4,411,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Chapman Financial Group LLC purchased a new stake in SPDR Gold Shares in the second quarter worth $26,000. Hopwood Financial Services Inc. bought a new position in SPDR Gold Shares in the 3rd quarter worth $27,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of SPDR Gold Shares in the 3rd quarter worth about $31,000. Traub Capital Management LLC bought a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at about $34,000. Finally, Kilter Group LLC bought a new stake in shares of SPDR Gold Shares during the 2nd quarter valued at about $34,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

GLD stock opened at $468.14 on Wednesday. SPDR Gold Shares has a 1 year low of $265.64 and a 1 year high of $509.70. The firm has a 50-day moving average of $443.57 and a 200 day moving average of $390.95. The company has a market cap of $177.94 billion, a P/E ratio of -32.43 and a beta of 0.09.

Key SPDR Gold Shares News

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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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