Trivium Point Advisory LLC Grows Stake in SPDR Gold Shares $GLD

Trivium Point Advisory LLC increased its position in SPDR Gold Shares (NYSEARCA:GLDFree Report) by 7.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 28,891 shares of the exchange traded fund’s stock after acquiring an additional 2,122 shares during the quarter. SPDR Gold Shares accounts for about 1.0% of Trivium Point Advisory LLC’s investment portfolio, making the stock its 18th biggest holding. Trivium Point Advisory LLC’s holdings in SPDR Gold Shares were worth $10,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Empirical Asset Management LLC increased its position in 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 worth $12,941,000 after buying an additional 26,197 shares in the last quarter. Colonial Trust Advisors increased its holdings 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 worth $7,010,000 after acquiring an additional 1,385 shares in the last quarter. Princeton Capital Management LLC purchased a new stake in SPDR Gold Shares in the 2nd quarter worth approximately $220,000. Spirepoint Private Client LLC bought a new stake in SPDR Gold Shares during the 3rd quarter worth approximately $742,000. Finally, FAS Wealth Partners Inc. lifted its holdings in SPDR Gold Shares by 71.1% during 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 in the last quarter. Institutional investors own 42.19% of the company’s stock.

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SPDR Gold Shares Price Performance

GLD opened at $483.75 on Friday. The company has a 50 day simple moving average of $440.84 and a two-hundred day simple moving average of $387.43. The firm has a market cap of $183.87 billion, a P/E ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 1-year low of $261.25 and a 1-year 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.

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

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