Edge Wealth Management LLC Acquires 228 Shares of SPDR Gold Shares (GLD)
Edge Wealth Management LLC increased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 1.6% in the 4th quarter, Holdings Channel reports. The firm owned 14,516 shares of the exchange traded fund’s stock after acquiring an additional 228 shares during the period. Edge Wealth Management LLC’s holdings in SPDR Gold Shares were worth $1,760,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in GLD. The Manufacturers Life Insurance Company raised its position in SPDR Gold Shares by 15.3% during the third quarter. The Manufacturers Life Insurance Company now owns 128,644 shares of the exchange traded fund’s stock worth $14,505,000 after acquiring an additional 17,066 shares in the last quarter. Ruffer LLP bought a new position in shares of SPDR Gold Shares in the third quarter valued at about $350,000. Hudson Capital Management LLC raised its position in shares of SPDR Gold Shares by 5.3% in the third quarter. Hudson Capital Management LLC now owns 31,389 shares of the exchange traded fund’s stock valued at $3,539,000 after purchasing an additional 1,572 shares during the period. CENTRAL TRUST Co raised its position in shares of SPDR Gold Shares by 2.1% in the third quarter. CENTRAL TRUST Co now owns 103,832 shares of the exchange traded fund’s stock valued at $11,709,000 after purchasing an additional 2,177 shares during the period. Finally, Evercore Wealth Management LLC raised its position in shares of SPDR Gold Shares by 0.9% in the third quarter. Evercore Wealth Management LLC now owns 55,619 shares of the exchange traded fund’s stock valued at $6,272,000 after purchasing an additional 514 shares during the period.
Shares of GLD traded up $0.19 during trading hours on Friday, hitting $121.78. The company had a trading volume of 478,593 shares, compared to its average volume of 10,608,989. SPDR Gold Shares has a 12 month low of $111.06 and a 12 month high of $129.51.
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).
Featured Story: Municipal Bonds
Want to see what other hedge funds are holding GLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Gold Shares (NYSEARCA:GLD).
Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.