Gladstone Institutional Advisory LLC Grows Stake in SPDR Gold Shares $GLD

Gladstone Institutional Advisory LLC boosted its position in shares of SPDR Gold Shares (NYSEARCA:GLDFree Report) by 4.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 41,549 shares of the exchange traded fund’s stock after acquiring an additional 1,898 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in SPDR Gold Shares were worth $14,769,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of SPDR Gold Shares by 20.4% in the 4th quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after purchasing an additional 1,903 shares during the period. Bison Wealth LLC increased its holdings in SPDR Gold Shares by 77.8% during the fourth quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after buying an additional 2,600 shares during the last quarter. Vident Advisory LLC bought a new position in SPDR Gold Shares in the first quarter worth approximately $279,000. Amundi raised its position in SPDR Gold Shares by 680.4% in the first quarter. Amundi now owns 18,925 shares of the exchange traded fund’s stock worth $5,420,000 after acquiring an additional 16,500 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of SPDR Gold Shares by 28.8% during the 1st quarter. AQR Capital Management LLC now owns 122,810 shares of the exchange traded fund’s stock worth $35,386,000 after acquiring an additional 27,431 shares during the last quarter. 42.19% of the stock is currently owned by institutional investors.

Key Headlines Impacting SPDR Gold Shares

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

SPDR Gold Shares Price Performance

Shares of GLD stock opened at $408.76 on Tuesday. The company has a market cap of $153.16 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 1 year low of $242.05 and a 1 year high of $418.45. The firm has a fifty day moving average price of $386.43 and a 200-day moving average price of $349.35.

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.

Recommended Stories

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.