Crew Capital Management Ltd. purchased a new position in SPDR Gold Shares (NYSEARCA:GLD – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,015 shares of the exchange traded fund’s stock, valued at approximately $247,000.
Several other institutional investors have also modified their holdings of GLD. Wellington Management Group LLP lifted its position in shares of SPDR Gold Shares by 8.5% during the 4th quarter. Wellington Management Group LLP now owns 221,938 shares of the exchange traded fund’s stock worth $42,428,000 after buying an additional 17,428 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in SPDR Gold Shares in the 1st quarter valued at $26,000. AdvisorNet Financial Inc raised its position in SPDR Gold Shares by 6.5% in the 1st quarter. AdvisorNet Financial Inc now owns 12,289 shares of the exchange traded fund’s stock valued at $2,528,000 after purchasing an additional 751 shares during the last quarter. Traynor Capital Management Inc. raised its position in SPDR Gold Shares by 19.9% in the 1st quarter. Traynor Capital Management Inc. now owns 1,720 shares of the exchange traded fund’s stock valued at $354,000 after purchasing an additional 285 shares during the last quarter. Finally, Austin Private Wealth LLC raised its position in SPDR Gold Shares by 40.0% in the 1st quarter. Austin Private Wealth LLC now owns 2,683 shares of the exchange traded fund’s stock valued at $571,000 after purchasing an additional 766 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.
SPDR Gold Shares Stock Up 0.1 %
GLD stock traded up $0.34 on Monday, hitting $251.61. The company’s stock had a trading volume of 3,481,460 shares, compared to its average volume of 6,965,608. The firm has a 50 day moving average of $237.71 and a two-hundred day moving average of $225.12. SPDR Gold Shares has a 1 year low of $179.11 and a 1 year high of $253.14.
About SPDR Gold Shares
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).
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