Legacy Capital Group California Inc. Grows Position in SPDR Gold Shares (NYSEARCA:GLD)

Legacy Capital Group California Inc. boosted its holdings in SPDR Gold Shares (NYSEARCA:GLD) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,627 shares of the exchange traded fund’s stock after buying an additional 88 shares during the quarter. Legacy Capital Group California Inc.’s holdings in SPDR Gold Shares were worth $394,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Strategic Financial Concepts LLC raised its holdings in shares of SPDR Gold Shares by 24,600.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock valued at $147,427,000 after purchasing an additional 606,411 shares during the last quarter. Diversify Advisory Services LLC raised its stake in SPDR Gold Shares by 446.0% during the 4th quarter. Diversify Advisory Services LLC now owns 239,355 shares of the exchange traded fund’s stock valued at $59,410,000 after buying an additional 195,520 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of SPDR Gold Shares by 47.5% during 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 buying an additional 146,271 shares during the period. Banco Santander S.A. boosted 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 worth $39,065,000 after buying an additional 114,151 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of SPDR Gold Shares by 13.9% in the third quarter. Stifel Financial Corp now owns 822,531 shares of the exchange traded fund’s stock worth $199,924,000 after acquiring an additional 100,149 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

SPDR Gold Shares stock opened at $270.74 on Friday. SPDR Gold Shares has a 52-week low of $187.05 and a 52-week high of $271.84. The business has a 50-day simple moving average of $253.00 and a two-hundred day simple moving average of $245.15.

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).