Citizens Financial Group Inc. RI Boosts Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

Citizens Financial Group Inc. RI raised its position in SPDR Gold Shares (NYSEARCA:GLD) by 13.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,610 shares of the exchange traded fund’s stock after purchasing an additional 2,299 shares during the period. Citizens Financial Group Inc. RI’s holdings in SPDR Gold Shares were worth $4,766,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GLD. International Assets Investment Management LLC grew its position in shares of SPDR Gold Shares by 21,571.1% in the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after purchasing an additional 3,010,682 shares during the period. Arizona PSPRS Trust acquired a new position in shares of SPDR Gold Shares during the 2nd quarter valued at about $157,187,000. Cetera Investment Advisers lifted its holdings in shares of SPDR Gold Shares by 461.0% during the 1st quarter. Cetera Investment Advisers now owns 702,415 shares of the exchange traded fund’s stock worth $144,501,000 after acquiring an additional 577,210 shares during the period. Strategic Financial Concepts LLC boosted its position in shares of SPDR Gold Shares by 9,654.6% in the second quarter. Strategic Financial Concepts LLC now owns 550,450 shares of the exchange traded fund’s stock worth $1,184,000 after acquiring an additional 544,807 shares during the last quarter. Finally, Granite Bay Wealth Management LLC grew its holdings in SPDR Gold Shares by 25,320.8% in the second quarter. Granite Bay Wealth Management LLC now owns 516,551 shares of the exchange traded fund’s stock valued at $111,854,000 after purchasing an additional 514,519 shares during the period. 42.19% of the stock is owned by institutional investors and hedge funds.

SPDR Gold Shares Trading Up 0.8 %

Shares of GLD opened at $246.66 on Friday. SPDR Gold Shares has a fifty-two week low of $183.15 and a fifty-two week high of $257.71. The company’s fifty day moving average is $245.81 and its two-hundred day moving average is $230.27.

SPDR Gold Shares Company Profile

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).