Grandview Asset Management LLC Increases Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Grandview Asset Management LLC boosted its position in SPDR Gold Shares (NYSEARCA:GLD) by 11.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,477 shares of the exchange traded fund’s stock after purchasing an additional 459 shares during the period. Grandview Asset Management LLC’s holdings in SPDR Gold Shares were worth $1,084,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GLD. International Assets Investment Management LLC grew its holdings in 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 last quarter. Cerity Partners OCIO LLC purchased a new stake in shares of SPDR Gold Shares in the 2nd quarter worth about $78,434,000. AlTi Global Inc. grew its stake in SPDR Gold Shares by 145.0% in the 2nd quarter. AlTi Global Inc. now owns 335,937 shares of the exchange traded fund’s stock valued at $72,212,000 after acquiring an additional 198,823 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in SPDR Gold Shares by 47.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock valued at $110,386,000 after acquiring an additional 146,271 shares during the last quarter. Finally, Banco Santander S.A. increased its holdings in SPDR Gold Shares by 245.1% during the 3rd quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock valued at $39,065,000 after acquiring an additional 114,151 shares in the last quarter. 42.19% of the stock is owned by hedge funds and other institutional investors.

SPDR Gold Shares Stock Down 1.0 %

Shares of NYSEARCA GLD opened at $245.74 on Tuesday. The firm’s 50-day moving average is $243.87 and its two-hundred day moving average is $237.59. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month high of $257.71.

SPDR Gold Shares 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).