Gordian Capital Singapore Pte Ltd Takes $711,000 Position in SPDR Gold Shares $GLD

Gordian Capital Singapore Pte Ltd acquired a new position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,000 shares of the exchange traded fund’s stock, valued at approximately $711,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in GLD. Empirical Asset Management LLC lifted its holdings in shares of SPDR Gold Shares by 256.7% in the third quarter. Empirical Asset Management LLC now owns 36,404 shares of the exchange traded fund’s stock valued at $12,941,000 after purchasing an additional 26,197 shares in the last quarter. Colonial Trust Advisors lifted its stake in SPDR Gold Shares by 7.6% in the 3rd quarter. Colonial Trust Advisors now owns 19,720 shares of the exchange traded fund’s stock valued at $7,010,000 after acquiring an additional 1,385 shares in the last quarter. Spirepoint Private Client LLC acquired a new position in SPDR Gold Shares during the 3rd quarter worth approximately $742,000. Alpha Cubed Investments LLC grew its stake in shares of SPDR Gold Shares by 5.7% during the 2nd quarter. Alpha Cubed Investments LLC now owns 2,722 shares of the exchange traded fund’s stock worth $830,000 after acquiring an additional 146 shares in the last quarter. Finally, FAS Wealth Partners Inc. raised its holdings in shares of SPDR Gold Shares by 71.1% in the third 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 during the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 1.1%

Shares of GLD opened at $477.86 on Wednesday. SPDR Gold Shares has a 12 month low of $268.36 and a 12 month high of $509.70. The firm has a fifty day simple moving average of $450.04 and a 200 day simple moving average of $396.75. The stock has a market capitalization of $181.63 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

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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.

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

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