Hilltop Holdings Inc. Increases Stock Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Hilltop Holdings Inc. grew its position in shares of SPDR Gold Shares (NYSEARCA:GLD) by 24.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 93,996 shares of the exchange traded fund’s stock after purchasing an additional 18,537 shares during the period. SPDR Gold Shares comprises 1.5% of Hilltop Holdings Inc.’s investment portfolio, making the stock its 3rd largest position. Hilltop Holdings Inc.’s holdings in SPDR Gold Shares were worth $22,847,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in GLD. International Assets Investment Management LLC raised its position in shares of SPDR Gold Shares by 21,571.1% during the 3rd 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 bought a new stake in SPDR Gold Shares during the second quarter valued at about $157,187,000. Strategic Financial Concepts LLC lifted 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 valued at $1,184,000 after acquiring an additional 544,807 shares in the last quarter. Granite Bay Wealth Management LLC boosted its stake in shares of 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 worth $111,854,000 after acquiring an additional 514,519 shares during the period. Finally, Cerity Partners OCIO LLC purchased a new stake in shares of SPDR Gold Shares during the second quarter worth about $78,434,000. 42.19% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Up 0.9 %

Shares of GLD opened at $245.59 on Monday. SPDR Gold Shares has a 1 year low of $183.15 and a 1 year high of $257.71. The company has a 50 day simple moving average of $246.53 and a two-hundred day simple moving average of $231.64.

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).