Financial Life Planners Purchases Shares of 374 SPDR Gold Shares (NYSEARCA:GLD)

Financial Life Planners bought a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, Holdings Channel.com reports. The fund bought 374 shares of the exchange traded fund’s stock, valued at approximately $91,000.

A number of other large investors have also made changes to their positions in GLD. International Assets Investment Management LLC raised its stake in SPDR Gold Shares by 21,571.1% during the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after acquiring an additional 3,010,682 shares in the last quarter. Diversify Advisory Services LLC boosted its stake in SPDR Gold Shares by 446.0% in the fourth quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after acquiring an additional 195,520 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of SPDR Gold Shares by 47.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock worth $110,386,000 after purchasing an additional 146,271 shares during the period. Banco Santander S.A. increased its stake in shares of SPDR Gold Shares by 245.1% in 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 during the last quarter. Finally, JTC Employer Solutions Trustee Ltd increased its position in shares of SPDR Gold Shares by 1,565.3% in the 3rd quarter. JTC Employer Solutions Trustee Ltd now owns 115,106 shares of the exchange traded fund’s stock valued at $27,979,000 after buying an additional 108,194 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 0.2 %

SPDR Gold Shares stock opened at $258.56 on Monday. The company has a 50 day moving average of $246.38 and a 200-day moving average of $240.80. SPDR Gold Shares has a twelve month low of $183.78 and a twelve month high of $259.99.

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).