6,893 Shares in SPDR Gold Shares $GLD Acquired by Olde Wealth Management LLC

Olde Wealth Management LLC bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,893 shares of the exchange traded fund’s stock, valued at approximately $2,608,000. SPDR Gold Shares accounts for 0.8% of Olde Wealth Management LLC’s portfolio, making the stock its 23rd largest holding.

Other large investors have also added to or reduced their stakes in the company. NorthRock Partners LLC lifted its stake in shares of SPDR Gold Shares by 7.2% during the 3rd quarter. NorthRock Partners LLC now owns 4,407 shares of the exchange traded fund’s stock valued at $1,567,000 after buying an additional 295 shares in the last quarter. Prudential PLC boosted its holdings in SPDR Gold Shares by 6.9% in the 3rd quarter. Prudential PLC now owns 293,839 shares of the exchange traded fund’s stock worth $103,875,000 after buying an additional 19,030 shares during the period. Texas Capital Bank Wealth Management Services Inc purchased a new stake in SPDR Gold Shares in the 3rd quarter worth $558,000. United Financial Planning Group LLC bought a new stake in SPDR Gold Shares during the third quarter valued at about $889,000. Finally, Zuckerman Investment Group LLC bought a new stake in SPDR Gold Shares during the third quarter valued at about $224,000. 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 Stock Down 1.3%

Shares of SPDR Gold Shares stock opened at $460.84 on Friday. The company has a market capitalization of $175.17 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. The stock’s 50-day simple moving average is $454.30 and its 200-day simple moving average is $398.84. SPDR Gold Shares has a 52 week low of $272.58 and a 52 week high of $509.70.

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.

Featured Stories

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.